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