According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks.

Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae (FNM) and Freddie Mac (FRE), if the Treasury is involved.

Reuters reports that Deltal (DAL) has tapped a $1 billion loan ahead of its merger with Northwest (NWA).

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Reuters reports that MGM says it is not for sale.

Reuters reports that a successful debt sale by Freddie Mac has eased concerns about nationalization of the company.

Reuters reports that JP Morgan (JPM) has taken a hit of $500 million on its investment in Freddie Mac and Fannie Mae.

Reuters writes that bank regulators have put a number of firm on notice to fix their problems or face failure.

The New York Times writes that several cities are buying foreclosed homes to maintain them in good condition.

The New York Times reports that Honda (HMC) is remaining true to its fuel-efficient roots.

The New York Times writes that Gulf states will keep their currency pegs with the US dollar.

The New York Times reports that first half profits at PetroChina (PTR) are expected to fall by a third on the rising price of oil.

The FT writes that HP (HPQ) has renewed it challenge to IBM (IBM) with its buy-out of EDS.

Bloomberg reports that Bank of England may cut interest rates by the end of the year.

Douglas A. McIntyre

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