Morning News Recap

Some developing stories:

• US Justice department says NYT report saying it would drop suit against UBS is "simply untrue" (source BNO)

Austria has announced it will sell debt denominated in USD, CHF and JPY. Good to see someone's fair opinion of what is most overvalued in this world.

Greece vehemently denies rumors it may drop EURO. Dick Fuld vehemently denied Lehman is going bankrupt two days before it went bankrupt.

Iran has expelled two UK diplomats (based on Iranian Tweeting, so grain of salt)

And a personal favorite: BOE's Dale says at some point, UK output will stop falling