Wednesday, September 10, 2008
The bank is in talks with BlackRock Inc to sell a package of British real estate assets
World stocks headed for last week's two-year low on Wednesday as worries over the fate of U.S. investment bank Lehman Brothers grew after Korean Development Bank said talks on investment had ended in disagreement. The low-yielding yen trimmed losses while safe-haven government bonds also pared losses after KDB said it has ended talks for now with Lehman because of disagreement over terms and its assessment of financial market conditions. Lehman, a casualty of the one-year-old credit crunch, is bringing forward the release of quarterly results and key strategic initiatives to 1130 GMT after its shares sank to a decade low on Tuesday on growing concern over its ability to raise capital.