Global Markets Fuel Concern Over Economy
Global stock markets continue to fall as Japan's main stock index plummeted nearly 10 percent Friday. European indexes followed suit, with main exchanges down from 7.5 percent in London to nearly 10 percent in Germany and France. In the U.S., President Bush made a statment on the crisis in the credit markets that has caused widespread sell-offs on Wall Street.
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This Story Global Rate Cuts Fail to Contain Crisis Article | The world's central banks launched a dramatic bid Wednesday to contain the financial crisis, simultaneously cutting interest rates in 21 countries. The move sent markets fluctuating as pessimism about the world economy continued to deepen. This Story Global Collateral Damage Article | SEOUL, Oct. 10 -- With its toxic securities and its insistence on open markets, the United States has a lot of nerve and a lot to answer for. This Story Feeling the Pain As Irish Property Values Plummet Article | SUTTON, Ireland -- Denis Finn spent about $4 million on a grand house in this pretty seaside town north of Dublin three years ago, but it was the mansion's grassy grounds where he saw the real money to be made. This Story Worst Week Ever: Dow, S& P Each Fall 18% Article | Cloaked in the fear of a global recession, U.S. stocks limped to the end of a brutal week of trading yesterday, ending their worst week in history. |
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