Market's $110bn wipeout; No end in sight to carnage after 7% fall; Bumi swoops on Herald stock; Financing fears could delay Vale's move to buy Xstrata; ASIC affirms grip on Westpoint

Market's $110bn wipeout; No end in sight to carnage after 7% fall; Bumi swoops on Herald stock; Financing fears could delay Vale's move to buy Xstrata; ASIC affirms grip on Westpoint