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Wednesday Papers: Dow rebounds as oil price reverses and consumer confidence rises -- other news
World trade talks collapse and high street trading this month fell to its worst levels in 25 years.
Markets
* Dow rebounds 266 points and Nasdaq recovers 43 points
* Oil price reverses to $121.33-a-barrel as dollar strengthens and Iran says nuclear talks are positive and progressive
* US July consumer confidence rises to 51.9 vs 50.0 expected
* UK July inflation expectations ease to 4.2% vs 4.6% in June, according to YouGov/Citgigroup poll
* US May S&P/Case-Shiller 20-city home price index down record 15.8% over year
* Merrill Lynch's cut price collateralised debt obligation sale puts pressure on rivals to follow suit
* High street trading this month fell to its worst levels in a quarter of a century, according to the CBI
* Australia faces up to a worse financial crisis than the US
* World trade talks collapse after India and China clash with America over farm products; US still committed
* Eight arrested as part of FSA insider trading probe
* Investors propose code for rights issues
* LVMH first-half results in line supported by wines and spirits recovery in second quarter
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- Nationwide's home lending leaps 44% as profits rise
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