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Financeonline.co.uk News

• Markets jump on US mortgage deal
  Financial markets in Asia rally after the US government said it was taking over mortgage giants Freddie Mac and Fannie Mae.
  
  
• US takes over key mortgage firms
  President Bush says the US is taking over two mortgage giants because they posed "an unacceptable risk" to the economy.
  
  
• Q&A: Freddie Mac and Fannie Mae
  Troubled US mortgage giants Freddie Mac and Fannie Mae are at the heart of the US housing market.
  
  
• US lenders 'face state takeover'
  US officials will outline plans for mortgage giants Freddie Mac and Fannie Mae, which are expected to be put under federal control.
  
  
• City gets 'massive finance boost'
  American Express's decision to upgrade its European base in Brighton is hailed as a massive boost for Sussex.
  
  
• Financial abuse of elderly 'huge'
  Thousands of elderly people are having their life savings, possessions and homes stolen by family members, a charity says.
  
  
• Pakistan 'needs help' on economy
  Pakistan needs a "substantial" injection of external funds if it is to stabilise its economy, an IMF official says.
  
  
• Brown 'backs more Holyrood power'
  The Scottish National Party claims that Gordon Brown is "caving in to pressure" to concede more powers to Holyrood.
  
  
• Adults 'rely on parents' finance'
  Parents support their grown-up children to the tune of £21,500 in the years after they turn 18, a study suggests.
  
  
• Slowdown 'to hit poor countries'
  The global slowdown will take its toll on growth in developing countries, the UN agency Unctad says.
  
  
• Brown defends UK economic record
  Gordon Brown says Britain is better placed than in previous decades to weather a global financial crisis.
  
  
• Flooding budget 'badly handled'
  Ministers failed to budget properly ahead of last year's floods and animal disease outbreaks, an MPs' report says.
  
  
• Crime 'damages' Mexico economy
  Mexico's finance minister says that violence and crime is affecting the economy, cutting growth by 1%.
  
  
• Jobs to go at Pearl Group sites
  Up to 450 financial services posts could go in Glasgow and Peterborough after the Pearl Group scales back its offices.
  
  
• University funding is 'creaking'
  The National Union of Students says England's system for funding higher education is unfair and needs overhauling.
  
  
• Warning on 'mystery shopper' scam
  Police issue a warning about a new financial scam being operated in Northern Ireland recruiting 'mystery shoppers'.
  
  
• UK recession this year, OECD says
  The OECD says the UK economy will fall in recession in the second half of 2008 and sharply cuts its growth forecast.
  
  
• School officer forged head's name
  A finance officer admits stealing £55,385 by forging cheques in the headteacher's name at a Dorset school.
  
  
• The small business panel of experts
  Paul Lynam, chief executive NatWest & RBS Business Banking
  
  
• Students face allowance problems
  A college is making emergency payments to students - after delivery problems with a government allowance.