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Sunday newspaper round-up: Fannie and Freddie, house builders, Lonmin (ShareCast)
LONDON (SHARECAST) - The US Treasury will announce a rescue of Fannie Mae and Freddie Mac, two giant American mortgage banks, in what is likely to be the biggest financial bail-out of recent history. The move may trigger a bounce in global stock markets Monday, according to the Sunday Times.
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Stock Meltdown: What Pros Are Saying (BusinessWeek)

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The Market: What the Pros Are Saying (BusinessWeek)

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When London Ruled the World (The Globalist)
In order to understand the roots of today's global economy, it is useful to trace pivotal turning points. Few are more important than the transformation of the European system of states into a global system.
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Pearlstein: Federal Loans for the Auto Industry? (Washington Post)
Washington Post columnist Steven Pearlstein was online Wednesday, Sept. 3 at 11 a.m. ET to discuss whether federal loans to help the auto companies retool themselves to build more fuel efficient cars are a good idea - or is this just another form of a bailout?
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Barclays Sees Sponsorships Opening Doors in U.S. (BrandWeek)
When Barclays president Bob Diamond moved from the U.S. to London about a dozen years ago, he had an underlying suspicion that he'd be coming back to the States. And, in a way, that's exactly what has happened.
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Ryanair ready to renew Aer Lingus fight (Times Online)
Ryanair, Europe's largest airline, plans to revive a €1 billion (£800 million) bid for Aer Lingus as part of a wave of consolidation in European aviation.
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Hungary's proposed tax-cuts open door to fiscal loosening, S&P says (Budapest Business Journal)
If the government of implements its proposed multi-year tax-cut package, it would lead to a rising general government deficit in the run-up to general elections in 2010, according to Standard and Poor's.
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Suitors line up for new Alitalia (Market Watch)
Loss-making Italian airline Alitalia, its appeal recently boosted by a government-engineered facelift, seems surrounded with suitors once again.
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ASIA CREDIT-Malaysia's ratings still safe despite big budget (Reuters via Yahoo! Philippines News)
By Umesh Desai
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