Posted by admin on September 17, 2008 under News |
Nikkei falls 5 percent to 3-year low as Lehman failure bites (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.
Posted by admin on September 16, 2008 under News |
Alarm bells ringing at the casino
It is a moment Karl Marx would have relished. From every angle financial capitalism is taking a battering.
Posted by admin on under News |
FTSE rebounds after hitting three-year low (AFP)
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.
Posted by admin on under News |
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:
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SEC to act on abusive short selling: source (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.
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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…
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Gulf stocks fall sharply on Lehman Brothers news (AFP)
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.
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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 …
Posted by admin on under News |
SEC to act on abusive short selling: source (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.
Posted by admin on September 15, 2008 under News |
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.