Stock Markets

EGB home | Bangla Dating | Bangla Music | Bangla Blog

Dow plunges as much as 800 before closing down 350 (AP) -

AP - It has been another extraordinary and traumatic day on Wall Street, with the Dow Jones industrials plunging as much as 800 points before closing with a loss of about 350.

CA-CANADA Summary (Reuters) - Reuters - The global credit crunch is starting to hamper Canadian banks' ability to raise longer-term funds but they remain well-capitalized and able to withstand big shocks, Finance Minister Jim Flaherty said on Monday. In a statement in apparent reaction to the drop on Canadian and world stock markets, Flaherty said Canada's mortgage system was sound and did not have the large subprime sector that has afflicted the United States.

Government says economy can avoid recession (Reuters) - Reuters - Canada's government maintained Monday the economy can still avoid a recession even as the global financial crisis battered the Toronto stock market and economists warned of little growth until late next year.

Lehman's Fuld: Where was our bailout? (Reuters) -

Reuters - Richard Fuld, the disgraced head of Lehman Brothers , said he would wonder "until they put me in the ground" why the U.S. government did not rescue the 158-year-old Wall Street firm and claimed regulators knew the full scale of its condition far before its collapse.

Europe governments go their own way on crisis (AP) -

AP - Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.

Stocks plummet in global market rout (Reuters) -

Reuters - Stocks slid more than 6 percent on Monday, with the Dow diving to its lowest level in almost five years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.

Commodities prices drop as credit crisis spreads (AP) - AP - Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials. Gold prices shot up as investors' faith in stock markets dimmed further, touching off a desperate dash for safe alternative investments.

Panicked global markets reel, Wall Street plunges below 10,000 pts (AFP) -

AFP - Global stock markets reeled Monday, shaken by massive sell-offs by panicked investors who fear a much-vaunted US finance sector bailout will fail to end a crippling credit crisis.

London stocks hit four-year low (AFP) -

AFP - The London stock market nosedived 7.85 percent on Monday, hitting a four-year trough on investor concerns about the spreading global financial crisis, dealers said.

Fed, Treasury take steps to confront financial crisis (AFP) -

AFP - The Federal Reserve and the US Treasury announced measures Monday to confront a rapidly escalating financial crisis under new emergency powers as panicked investors fled stock markets.

Toronto Stock Exchange plunges 10% (AFP) -

AFP - The Toronto Stock Exchange plunged more than 10 percent at its opening Monday, amid fears of deepening US-led worldwide economic woes and predictions of a recession in Canada.

European, Asian markets plunge on crisis fears (AP) -

AP - 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.

Citi, Wachovia off on deal uncertainty (Reuters) -

Reuters - Shares of Citigroup Inc dropped 6 percent to $17.25 on Monday on uncertainty about plans to take over embattled Wachovia Corp .

Global stocks plunge, yen leaps as crisis escalates (Reuters) -

Reuters - World stocks plunged to three-year lows on Monday as investors fled to government bonds, gold and the low-yielding yen, fearing policymakers' efforts to contain the credit crisis might not be enough to prevent a recession.

Investors expect volatility as credit woes persist (AP) -

AP - The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package and watch for any further fallout from the credit crisis around the globe.