Global stocks volatile after bailout rejection

Posted by admin on September 30, 2008 under News | Be the First to Comment

Global stocks volatile after bailout rejection
European stocks bounced up and down, Asian stocks fell, and the Dow Jones industrial average rose 2.3 percent by midmorning in New York – regaining some of the massive fall the index suffered on Monda…

FTSE rises 0.22% on bargain hunting (AFP)

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FTSE rises 0.22% on bargain hunting (AFP)

London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.(AFP/File/Shaun Curry)AFP – London’s FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.


Rand, stocks quake as crisis sweeps globe

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Rand, stocks quake as crisis sweeps globe
September 30, 2008 Johannesburg – South Africa's December stock futures contract slid as much as 3.9 percent early on Tuesday morning as global stocks tumbled like dominoes following the rejection of …

FTSE rises 0.22% on bargain hunting (AFP)

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FTSE rises 0.22% on bargain hunting (AFP)

London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.(AFP/File/Shaun Curry)AFP – London’s FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.


Sovereign, State Street among Boston stocks pounded

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Sovereign, State Street among Boston stocks pounded
U.S. House of Representatives voted to reject the Wall Street bailout plan supported by the Bush administration and Congressional leaders from both parties. Among stocks for companies based in Massac…

Toronto stocks drop 7 percent as U.S. rejects bailout (Reuters)

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Toronto stocks drop 7 percent as U.S. rejects bailout (Reuters)
Reuters – The Toronto Stock Exchange’s main index tumbled nearly 7 percent on Monday, the biggest drop in eight years, as U.S. lawmakers rejected a proposed $700 billion bailout of the financial services sector, sending investors fleeing for the exits.

World reaction to the historic Wall St fall

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World reaction to the historic Wall St fall
New York Times: "In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry. The vote came…

Independent rating agencies could end Wall Street charade

Posted by admin on September 29, 2008 under News | Be the First to Comment

Independent rating agencies could end Wall Street charade
he collapse of Lehman Brothers is yet another effect caused by the subprime mortgage crisis. The main reason cited for the implosion is the venerable banking house’s portfolio of bad subprime mo…

Whipsawed Wall Street awaits rescue (AFP)

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Whipsawed Wall Street awaits rescue (AFP)

Traders work on the floor of the New York Stock Exchange on September 22, 2008 in New York City. With a massive rescue of the financial sector in limbo, Wall Street was hopeful about a lifeline but also fearful it might not materialize, analysts said.(AFP/Getty Images/File/Spencer Platt)AFP – With a massive rescue of the financial sector in limbo, Wall Street was hopeful about a lifeline but also fearful it might not materialize, analysts said.


US lawmakers braces for pivotal vote on Wall Street bailout

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US lawmakers braces for pivotal vote on Wall Street bailout
US lawmakers faced a pivotal vote on Monday on a revised 700-billion-dollar bailout plan for struggling Wall Street banks designed to stem a grave financial crisis and free up frozen credit markets. T…