AP - World stock markets tumbled Thursday, with benchmarks in Tokyo and Seoul losing almost 7 percent each, after recession fears sent Wall Street plunging and Japan suffered its biggest drop in exports in seven years.
AFP - London’s stock market slid 2.25 percent to under 4,000 points soon after the start of trading on Thursday, following sharp losses in Asia and overnight on Wall Street caused by deep recession worries.
AFP - Shares in China’s Nasdaq-listed Internet giant Baidu have dived more than a third amid allegations it gave unlicensed medical firms prominent exposure for money, without telling its customers.
AP - Philippine shares slid Thursday in step with regional and U.S. markets as the country’s central bank pondered whether to cut interest rates to boost the economy.
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AP - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.
Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
AP - Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit’s three automakers.
AFP - US and European stock markets dived Wednesday after dismal US economic data added to recession fears and automakers called for government bailouts to stave off collapse.
Lloyds TSB investors have overwhelmingly backed the bank’s controversial rescue of HBOS and its plans to raise £5.5bn of capital despite some shareholders voicing concerns
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AP - Japanese stocks dived Thursday after a steep drop on Wall Street and government data showing that Japan’s exports suffered a brutal drop in October.
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AP - Asian stock markets tumbled Thursday, with benchmarks in Japan and Hong Kong both losing more than 5 percent, after fears of a protracted recession sent Wall Street plunging to it lowest point in five years.
AFP - London shares closed down Wednesday with banks performing badly for the third straight session as investors worried that government injections and rate cuts won’t be enough to stabilise these institutions.
AP - World stock markets slumped Wednesday amid concerns about sinking consumer prices in the U.S. and the shaky future of the Big Three Detroit-based automakers.
Reuters - U.S. securities regulators on Wednesday delayed action on adopting stricter rules to rein in the credit rating agencies until December 3.
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AP - Share prices on the London Stock Exchange were lower at midday Wednesday.
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AP - Hong Kong shares edged lower in lethargic trade Wednesday as investors sold banks and developers.
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Lloyds TSB shareholders voted today on the proposed takeover of Halifax Bank of Scotland (HBOS) with 95.98% voting in favour of the deal.
Shareholders also approved proposals to raise £5.5 billion by issuing new shares and special preference shares.
The takeover will create a new banking giant called Lloyds Banking Group, which will comprise almost […]
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Reuters - Stocks fell on Wednesday as financial shares tumbled and uncertainty over a possible rescue for the auto industry fueled concerns about the deepening economic slump.
Figures from the National Association of Estate Agents (NAEA) have revealed that the number of properties changing hands rose slightly in October, for the second consecutive month.
The NAEA’s survey found that the average estate agent sold seven properties in October, up from six the previous month. The slight rise is attributed to the fact that […]
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Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
