Nikkei falls 5 percent to 3-year low as Lehman failure bites (Reuters)

Posted by admin on September 17, 2008 under News | Be the First to Comment

Nikkei falls 5 percent to 3-year low as Lehman failure bites (Reuters)

Staff at Tokyo Stock Exchange work at the bourse in Tokyo September 16, 2008. (Yuriko Nakao/Reuters)Reuters – The benchmark Nikkei average slid 5 percent to a three-year low on Tuesday, with investors dumping shares across the board after Lehman Brothers’ collapse fuelled fears about the U.S. financial system and hit stock markets worldwide.


Alarm bells ringing at the casino

Posted by admin on September 16, 2008 under News | Be the First to Comment

Alarm bells ringing at the casino
It is a moment Karl Marx would have relished. From every angle financial capitalism is taking a battering.

FTSE rebounds after hitting three-year low (AFP)

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FTSE rebounds after hitting three-year low (AFP)

The FTSE index was down 3.43 percent to 5025.6 points as traders continued to react to the global panic caused by the bankruptcy of Lehman Brothers bank.(AFP/File/Shaun Curry)AFP – The FTSE index was down 3.43 percent to 5025.6 points as traders continued to react to the global panic caused by the bankruptcy of Lehman Brothers bank.


Q & A – How Will Wall Street Crisis Affect Average Americans

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Q & A – How Will Wall Street Crisis Affect Average Americans
WASHINGTON | Average Americans have a lot at stake in how the widening financial crisis plays out. Here are some answers to questions about it:

SEC to act on abusive short selling: source (Reuters)

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SEC to act on abusive short selling: source (Reuters)

Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters – U.S. securities regulators plan to take action on abusive short selling of stock before the end of the week, a source briefed on the matter said on Monday.


Asian stock markets tumble after Wall Street falls

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Asian stock markets tumble after Wall Street falls
A pedestrian walks near an electric market board in Tokyo, Tuesday, Sept. 16, 2008. Japan's benchmark Nikkei stock index plunged more than 4 percent in early Tokyo trade Tuesday amid fears of a global…

Gulf stocks fall sharply on Lehman Brothers news (AFP)

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Gulf stocks fall sharply on Lehman Brothers news (AFP)

A trader looks at the monitors at the Kuwait Stock Exchange in Kuwait City on September 8. Stock markets across the energy-rich Gulf fell sharply, shedding up to seven percent of their value on the Lehman Brothers bankruptcy and a big drop in oil prices.(AFP/File/Yasser al-Zayyat)AFP – Stock markets across the energy-rich Gulf fell sharply on Monday, shedding up to seven percent of their value on the Lehman Brothers bankruptcy and a big drop in oil prices.


Dow falls 504 as Wall St. woes batter stocks

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Dow falls 504 as Wall St. woes batter stocks
Lehman Bros.' bankruptcy and deepening worries about insurance giant AIG send stocks to their lowest levels in two years. Early euphoria about Merrill Lynch's sale to Bank of America fades. Crude oil …

SEC to act on abusive short selling: source (Reuters)

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SEC to act on abusive short selling: source (Reuters)

Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters – U.S. securities regulators plan to take action on abusive short selling of stock before the end of the week, a source briefed on the matter said on Monday.


Lehman falls, Merrill sold, AIG totters

Posted by admin on September 15, 2008 under News | Be the First to Comment

Lehman falls, Merrill sold, AIG totters
Global equities markets went into a free fall Monday as the American financial system was shaken to the core by a stunning series of events on Wall Street – Lehman Brothers filed for bankruptcy, Bank of America agreed to buy Merrill Lynch and the largest US insurer by assets American International Group (AIG) hunted for cash.