global headlines on the frozen credit markets

Leaders of the world's leading economies confronted a financial system in

shambles as they gathered in Washington on Friday, with panic selling in the

stock markets, credit frozen solid and the world teetering on recession.

To open stories, double-click on brackets:

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> SNAPSHOT-Financial crisis [ID:nSNAPSHOT]

> Pressure on G7 leaders with stocks in free fall [nSP146183]

> Fears grip investors as global equities routed [MKTS/GLOB]

> Bush says has U.S. tools to solve market crisis [ID:nLA649764]



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LATEST FROM UNITED STATES

> Lehman CDS sellers face huge losses in auction [ID:nN09325896]

> Citi ends talks with Wells Fargo on Wachovia [ID:nBNG395254]

> GM says bankruptcy is not an option [ID:nN10323418]

> US weighs backing bank debt, deposits - reports [ID:nSYD372890]



LATEST FROM EUROPE

> IMF calls for guarantees to unfreeze money mkts [ID:nPEK149770]

> Russia seeks to reassure as bank crisis deepens [nLA296835]

> $27 bln Dutch package for financial companies [ID:nL9450503]

> Britain urges global solution to financial crisis[ID:nLA518730]

> Icelandic companies' holdings overseas [nLA56785]

> No Iceland scenario here, Baltic leaders say [nLA307946]



LATEST FROM ASIA

> Global crisis claims Japan insurer, markets panic [ID:nT265345]

> Japan offers to help fund IMF-led rescues [ID:nSP385898]

> Korea fin minister to plead banks' case in U.S. [ID:nLA576888]

> India cuts reserve ratio, scraps bond [ID:SP381289]

> Singapore in recession, first easing in 5 yrs [ID:nSIN389047]



MARKETS

> US STOCKS-Global rout, bank woes roil Wall Street [nN10370444]

> Monetary easing overwhelmed by credit freeze [ID:nPEK149770]

> Yen soars as stocks plunge, crisis panic worsens [ID:nT140806]

> Korea won swings most in decade on intervention [ID:nSEO145523]

> S&P may cut GM, Ford deeper into junk territory [ID:nN09321761]



STOCK MARKET EMERGENCY MEASURES

> NYSE, Nasdaq short interest down on SEC ban [ID:nN09488068]

> Russia's MICEX share trade suspended after plunge[ID:nLA606572]

> Vienna bourse suspends trade until 1000 GMT [ID:nVIE001320]

> Prague bourse halts trade in Austrian companies [ID:nPRG001052]

> Indonesia suspends stocks for afternoon session [ID:nJKF000084]

> Thai bourse halts trade as index falls 10 pct [ID:nBAK000497]



FINANCIAL FIRMS

> M. Stanley shares drop on MUFG concerns, outlook [nHKG162100]

> Prudential sees investment losses, profit drop [ID:nN09319999]

> US banks borrow record $420 bln per day from Fed [ID:nL9681115]

> Insurers shares sink amid concerns about capital[ID:nN09305933]



U.S. ELECTION

> Battle on economy [ID:nN19361994]

> Obama urges global action to stem market turmoil[ID:nWBT009961]

> Bleak forecast: IMF sees major global downturn [ID:nWEQ000263]

> Bush, candidates react to global rate cuts [ID:nN08520773]



COMMENTARY

> Financial crisis weighs on executives' minds [ID:nN08252831]



ANALYSIS

> SCENARIOS-What next for Iceland? [ID:nLA316129]

> Irish bank guarantee plan to speed up takeovers [ID:nL8322554]

> Are Korean banks next in line for govt rescue? [ID:nSEO77721]

> With China in fold, cen banks have rich ally [ID:nN08180966]

> Brazil may need to dig deeper to shore up mkts [ID:nN08596261]

> Commodity prices at mercy of world economy [ID:nN08522525]

> Dollar rally to continue amid global rate cuts [ID:nN08497093]

> Emerging Europe seen key crisis flashpoint [ID:nL866887]

> UK money mkt pledge could be blueprint for thaw [ID:nL9404223]

> Financial crisis will turn Africa east [ID:nL8347029]

> UK will exact price from banks for salvage plan [ID:nL8140802]

> Rate cuts alone won't fix financial problems [ID:nL8270638]

> Pressure builds to mobilise dollar reserves [ID:nL8473893]



FACTBOXES AND TABLES

> FACTBOX-Central bank rate cuts around the world [ID:nL9604055]

> POLL-Major c. banks to cut rates again this year [ID:nL9260697]

> Iceland in crisis [ID:nL9470915]

> Financial chaos shakes markets [ID:nL8132187]

> European bank deposit schemes [ID:nL8269375]

> UK bank bailout: What is it, and who is it for? [ID:nL8631417]

> TEXT-UK Treasury on financial support to banks [ID:nL8706534]



(Page compiled by Martin Golan +1 646 223-6217)

((London Companies Desk +44 20 7542 8825; New York Equities, +1 646 223-6217,

Asia desk +65 6870 3835))

Keywords: FINANCIAL/TAKEALOOK