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Forex News and Rumors for September 22nd, 2008 – Afternoon Update

Mitsubishi UFG to buy up to 20% of Morgan Stanley

In a deal potentially worth $9bn, the Japanese Bank would hold a stake between 10 and 20% in the former Investment Bank. MUFG follows Nomura securities which has shown interest in Lehman’s European assets.

Read the full article [1]

Nomura to buy Lehman’s European assets

After acquiring Lehman’s Asian assets for $230 million, the Japanese Securities group is the top bidder for Lehman’s European assets, in a move that could save 700 jobs in the M&A and equity advisory divisions.

Read the full article [2]

Crude has Highest Single-Day Gains on Record

As investors worry that the proposed U.S. bailout could push down the dollar, they turn to an old standby in times of uncertainty.

Read the full article [3]

In Newest Crisis, Hedge Funds Face Chaos

Even the fast-money investors are struggling to cope with the wild swings in the markets, raising concerns that some may not survive.

Read the full article [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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