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Last updated: 10:27:06 Friday Oct 10, 2008


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  • European markets plunge again; Nikkei plummets
    European stock markets slumped in early trading Friday following massive sell-offs on Wall Street and Asia as lending rates between banks continue to rise despite this week's efforts by central banks to break the logjam in credit markets.   Nations:Japan India Russia Germany Philippines France   Activities:2007 Global Credit Crunch Japanese Markets European Markets   Source:(AP)   2008-10-10

    Oil plummets below $83 on global slowdown fears
    Oil prices plummeted to a one-year low below $83 a barrel Friday in European trading as investor fears of a severe global economic downturn caused by the crisis in credit markets sparked a panicked sell-off of both crude and equities.   Nations:Australia Germany Japan   Activities:2007-8 Oil Crisis   Source:(AP)   2008-10-10

    Snowballing sell-off spreads worldwide
    Stock prices careened lower Friday in Asia and Europe and gyrated wildly in the United States, extending a stampede of selling that began on Wall Street a day earlier and deepening a global financial crisis that has defied all efforts to stop it.   Nations:India France U.S. Russia Germany Japan   Activities:2007 Global Credit Crunch Asian Markets European Markets   Source:(AP)   2008-10-10

    Americans tightening belts
    The dramatic changes in the US financial system - the debt write-downs and consolidation of corporate balance sheets - are now mirrored at kitchen tables around the United States.   Nations:U.S.   Activities:2008 U.S. Recession 2007 Global Credit Crunch   Source:(Christian Science Monitor)   2008-10-10

    US stocks extend huge losses over credit concerns
    Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up some shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to an advance of more than 100 before turning sharply lower again, and the other major indexes fluctuated widely as well.   Nations:Japan Russia France   Activities:U.S. Markets   2008-10-10

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    [2007 Global Credit Crunch]: European markets plunge again; Nikkei plummets (07:17 10/10)


    [Japanese Markets]: European markets plunge again; Nikkei plummets (07:17 10/10)


    [European Markets]: European markets plunge again; Nikkei plummets (07:17 10/10)


    [2007-8 Oil Crisis]: Oil plummets below $83 on global slowdown fears (07:17 10/10)

    [Asian Markets]: Snowballing sell-off spreads worldwide (12:16 10/10)

    [2008 U.S. Recession]: Americans tightening belts (12:16 10/10)

    [U.S. Markets]: US stocks extend huge losses over credit concerns (12:16 10/10)


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