Stocks end worst week mixed after wild session
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session.
Nations:Japan Russia France Activities:2007 Global Credit Crunch U.S. Markets
2008-10-10
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
McCain, Obama trade barbs in town hall debate
John McCain dismissively called rival Barack Obama "that one," Obama mocked McCain's "Straight Talk Express," and both left the debate stage to return to the campaign trail Wednesday.
Nations:Afghanistan North Korea Pakistan Russia People:Sarah Palin Barack Obama John McCain Tom Brokaw Activities:US Election 2008 Source:(AP)
2008-10-08
Nikkei dives 9.4 percent, biggest 1-day fall since '87
The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares.
Nations:Japan India Russia Activities:2007 Global Credit Crunch Japanese Markets Source:(Reuters)
2008-10-08
McCain, Obama clash over causes, cures of crisis
Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure.
Nations:Afghanistan North Korea Pakistan Russia People:Barack Obama John McCain Tom Brokaw Activities:US Election 2008 Source:(AP)
2008-10-07
World stock markets plunge on crisis fears
LONDON - Stock markets slumped worldwide Monday, some marking record one-day drops, on fears the global financial crisis will worsen and hit the wider economy despite bank bailouts in the U.S. and Europe.
Nations:Germany France Luxembourg Brazil Colombia India Activities:2007 Global Credit Crunch Japanese Markets U.S. Markets European Markets Source:(AP)
2008-10-06
Deepening finance crisis causes global market panic
PARIS (AFP) - Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.
Nations:France Germany Luxembourg Portugal Denmark Brazil People:Nicolas Sarkozy Gordon Brown George W. Bush Activities:2007 Global Credit Crunch U.S. Markets
2008-10-06
U.S. calls for unity as crisis wrecks markets
NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.
Nations:Luxembourg Germany France Denmark Brazil Italy People:Nicolas Sarkozy Henry Paulson George W. Bush Activities:2008 Wachovia Deal 2007 Global Credit Crunch
2008-10-06
European, Asian markets plunge on crisis fears
LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.
Nations:France Russia Germany India Denmark Sweden Activities:Asian Markets European Markets 2007 Global Credit Crunch Source:(AP)
2008-10-06
Central Asia quake kills 70, razes village
BISHKEK (Reuters) - A powerful earthquake killed at least 70 people in Kyrgyzstan and leveled a village in the remote mountains of the Central Asian state, the emergencies ministry said on Monday.
Nations:Kyrgyzstan China Russia Tajikistan Afghanistan Uzbekistan Source:(Reuters)
2008-10-06
Rice says US not trying to undermine Russia
ASTANA, Kazakhstan - Secretary of State Condoleezza Rice on Sunday rejected any suggestion that U.S. efforts to build closer ties to this former Soviet republic are meant to undermine Russian influence in Central Asia.
Nations:Kazakhstan Russia Afghanistan Ukraine People:John Negroponte Condoleezza Rice Dick Cheney Activities:Russia-U.S. Source:(AP)
2008-10-05
US nuclear envoy brings new proposal to NKorea
SEOUL, South Korea - The chief U.S. nuclear negotiator arrived in North Korea Wednesday carrying a compromise aimed at salvaging a derailed nuclear disarmament pact, officials said.
Nations:North Korea South Korea Russia Japan People:Christopher Hill Kim Jong Il Activities:Korea Nuclear Crisis North Korea-U.S. Source:(AP)
2008-09-30
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