Xstrata swoops on platinum miner

Xstrata cancels £5bn Lonmin bid
Mining group Xstrata walks away from its £5bn bid for rival Lonmin because the credit crisis has increased the cost of borrowing.

Vale quits Xstrata takeover talks
Brazilian mining giant Vale do Rio Doce abandons talks to buy rival Xstrata.

Mitsubishi UFJ profit drops 64%
Japanese banking giant, Mitsubishi UFJ Financial has posted a 64% drop in its second-quarter profit but reiterated its lowered full-year forecast.

ING group reports its first loss
Dutch banking giant ING reports its first quarterly loss - 585m euros - for the three months to the end of September.

Japanese bank to ask for capital
Japanese banking giant, Mitsubishi UFJ Financial, is to ask investors for up to $10.5bn (£6.85bn)to strengthen its financial soundness.