UK Today Editoweb 9 october 2008

Obama slams 'risky' McCain mortgage plan

Barack Obama slammed John McCain's "risky" plan to buy up 300 billion dollars in bad mortgages Thursday, and warned his White House rival was offering "erratic" leadership at a time of crisis.

Stocks rally fades on credit market worries

US and European share prices wilted Thursday after a mid-day rally as investors remained jittery over frozen credit markets despite official moves to shore up banks and boost confidence.

Help For Councils In Cash Crisis

Councils facing "severe" difficulties after investing in collapsed Icelandic banks will receive "appropriate" assistance, the Government and the Local Government Association said in a joint statement.

Brown Blasts Iceland Over Banks

The Prime Minister has told business leaders that the attitude of the Icelandic government over the financial crisis is totally unacceptable.

OPEC says to hold emergency meeting on Nov 18

The OPEC oil producers' cartel will hold an emergency meeting in Vienna on November 18 to discuss the effects of the global financial crisis on crude prices, it said on Thursday.

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