InfoAnda - World markets hit hard by recession fears, corporate woes

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Palestinian negotiator: 'Defining moment' is here | 10 November 2009
Spain must 'defend its interests' in the world : king | 25 December 2008
Medvedev hopeful ahead of meeting with Obama | 30 March 2009

Syrian forces kill 13 in besieged town: activists | | 2 June 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : World markets hit hard by recession fears, corporate woes

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: World markets hit hard by recession fears, corporate woes AFP - Thursday, November 13 LONDON (AFP) - - Global stock markets suffered sharp falls Wednesday, rattled by further signs of recession in Europe and a shift in the US bank bailout strategy. On Wall Street share prices plunged 3.18 percent by mid-day to 8,417.90 while the tech-heavy Nasdaq exchange had given up 2.84 percent to reach 1,536.02. In Europe the London FTSE 100 index of leading shares shed 1.52 percent to close at 4,182.02 points after the Bank of England said the British economy was likely in recession already and also faced a distant deflation threat. In Paris the CAC 40 fell 3.07 percent to 3,233.96 while in Frankfurt the Dax lost 2.96 percent to finish at 4,620.80 points. Ealier in the day, Asian markets closed in negative territory, with sentiment dampened by plunging corporate profits and evidence of a steadily weakening global economy. A sharp profit warning before the start of trade on Wall Street from the biggest US consumer electronics retailer, Best Buy, had cast a cloud over the session as investors anxiously await Friday's October retail sales report. Treasury Secretary Henry Paulson later disclosed that the government's 700-billion-dollar rescue plan would focus now on capital injections to struggling banks but would also look at measures to help the "nonbank" financial sector under the Troubled Asset Relief Program (TARP). "Over these past weeks we have continued to examine the relative benefits of purchasing illiquid mortgage-related assets," he said. "Our assessment at this time is that this is not the most effective way to use TARP funds, but we will continue to examine whether targeted forms of asset purchase can play a useful role." In an appeal to banks, US regulators urged them to "fulfill their fundamental role" in the economy by maintaining lending to creditworthy borrowers. A joint statement by the US Treasury, Federal Reserve and other bank regulators said the economic outlook could be worsened if banks retreat or tighten lending standards too much. "Investors continue to accentuate the negatives and eliminate the positives," said Al Goldman of Wachovia Securities. "This is a sign that bottom fishers/bargain hunters are not ready to buy at these levels," he added. Markets in Europe initially gained some ground but reversed course in the wake of the Wall Street opening and as investors were hit by grim news from both Britain and Germany. The Bank of England said in a quarterly report that the British economy "probably entered recession in the second half of 2008 and output is likely to contract further." The BoE also used a chart to forecast a risk of British deflation in late 2009 should interest rates remain at the current rate of 3.0 percent. The report's chart "shows a significant probability of deflation," said Jonathan Loynes, chief European economist at Capital Economics in London. Deflation is a protracted general fall in prices and a signal of serious recession, of which it may become a perpetuating factor. In Germany, the eurozone's largest economy, a panel of top economists warned that economic growth would grind to a halt in 2009. Gross domestic product (GDP) will grow 0.0 percent next year, after an expected gain of 1.7 percent this year, said the economists. The government will publish figures for third-quarter growth Thursday and if it contracted for the second three-month-period running, as widely expected, the world's top exporter will already be officially in recession. Elsewhere in Europe, there were declines of 3.03 percent on the Swiss Market Index, 2.33 percent in Milan, 2.97 percent in Madrid and 3.06 percent in Amsterdam. Among the day's principal victims was Swiss insurer Swiss Life, which shed 20.05 percent after issuing a profit warning. In Madrid the Santander bank lost 7.0 percent on the day while in Paris Natixis bank plunged 13.46 percent after denying a press report that it had lost 975 million euros in its market operations in October. In Asia on Wednesday, Japan's largest advertising firm Dentsu Inc. said half-year net profits tumbled 44 percent as companies slashed spending, while Singapore Telecommunications posted a 12.1 percent fall in quarterly earnings. Japanese consumer confidence hit a record low as Asia's largest economy showed fresh signs of stalling, a government survey showed. Financial turmoil may be easing "but the fears of a global recession and poor corporate news are prevailing," said Alex Huang, an assistant vice president at Mega International Investment Services in Taipei. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Failure of auto industry could set off catastropheAP - 1 hour 31 minutes ago RPT-Woodside reports problems at Australian LNG unitReuters - 1 hour 34 minutes ago Lend Lease backs outlook but asset sales toughReuters - 1 hour 35 minutes ago Pentagon OKs $50M funding for 4 more Lockheed jetsAP - 1 hour 36 minutes ago Merrill, BofA merger wins support of top proxy firmReuters - 1 hour 38 minutes ago Enlarge Photo World markets hit hard by recession fears, corporate woes Most Popular – Business Viewed Ancient 4,300-year-old pyramid discovered in Egypt Your favorite music = happy heart: study Britney Spears's son hospitalized: statement Economic gloom mounts ahead of finance crisis summit Oil price dives under 55 dollars per barrel in London View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Wednesday, 12 November 2008
Four Palestinians dead in Gaza border clashes
China scrambles to build homes for quake survivors | International |
4 dead as Israelis, Palestinians battle in Gaza
Islamist fighters take over key Somali port
Sudan's Bashir declares Darfur ceasefire | International |
Iraqi forces arrest top 'butcher' in deadly province
Mayor-elect vows to bolster Israel's 'undivided' capital
German economy will grind to halt in 2009, say experts
EU breaks car glass cartel with 1.4-billion-euro fine
Kandahar blast kills three
Unpopular Swiss defense minister resigns | International |
ING reports first ever quarterly loss
Russia rejects U.S. missile proposals | International |
Olmert's change from hawk to dove seems complete
Secular Jew wins Israel's mayoral vote in Jerusalem | International |
China cuts export taxes to spur economic growth
Iran test-fires new missile, Israel within reach | International |
Mobile operator DoCoMo to buy stake in Tata
Hong Kong's stock market dips amid economy fears
Afghan leader's brother escapes suicide blast unhurt | International |
Pakistan hikes rates sharply, as IMF advised
Somalia's al Shabaab seize port near capital | International |
Hong Kong lawmakers debate Lehman probe
Report: Singapore won't bail out Sands project
Urgent regulation needed for nanomaterials: experts | Technology |
Report: GM may up stake in Chinese joint venture
S.Korea c.bank may fund mortgage purchases -official
China shares up, extending gains on stimulus plan
Taiwan dlr at near 2-wk low on funds, importers
Diane Warren the go-to songwriter for film, TV | Entertainment |
Shaolin the first Broadway spotlight on China | Entertainment |
4 Gaza militants dead in clash with Israeli troops
Iraqi soldier kills two U.S. soldiers | International |
Intel cuts fourth quarter revenue projections
Iran tests precision missile able to reach Europe
Whales lose as top US court says Navy can keep sonar
US moves to crack down on Internet gambling
North Korea will not let nuclear samples out of country | International |
Other ancient sites, museums in Iraq
WTO warns trade finance 'deteriorating' amid financial crisis
Google Earth rebuilds ancient Rome online
Iraq: Can ancient Babylon be rescued?
Earth would be heading to a freeze without CO2 emissions
IT spending to slow in 2009: IDC
Saudi king promotes tolerance at U.N. forum | International |
Four Palestinians dead in flare-up on Israel-Gaza border
Firms scan brain waves to improve ads in Japan
Four Palestinians dead in flare-up on Israel-Gaza border
Zimbabwe's ZANU-PF asks Mugabe to form new govt | International |
Could Obama victory lead to Iran talks?
Google tracks flu outbreaks through search queries
German economy will grind to halt in 2009: experts
US drops plans to purchase toxic mortgage assets
Iraqi soldier kills 2 US troops in dispute
Microsoft near deal with Verizon for cellphone search
British scientists in urgent call for nanoparticles research
Canada reporter says swapped for Afghan prisoners | International |
Spate of Iraq attacks leaves 23 dead
Pentagon launches TroopTube, its own YouTube
EU to allow 'wonky' fruit and veg on supermarket shelves
Kurd-Arab tensions may threaten Iraq calm | International |
Baghdad blast kills at least 12, wounds 60
Second school collapses in Haiti, nine hurt | International |
Japan greenhouse gas emissions far exceed target
Gold mine collapse kills 14 in Guinea: witness | International |
NZ retail sales fall in Q3, more rate cuts seen
General: tribes might help with Afghan security
China and Russia suspend pipeline talks
YouTube ventures into live event webcasting | Technology |
US shipping fuel oil to North Korea in nuke deal
LG, Sharp, Chunghwa fined 585 mln dlrs for price-fixing
LG, Sharp, Chunghwa to plead guilty to price-fixing
Analysis: For Obama, what to do about Iran nukes?
Flip camcorder moves up to HD | Technology |
India industrial output up but tough times ahead: economists
Dell chief technology officer to leave in January | Technology |
World markets hit hard by recession fears, corporate woes
Google phone costs $144 in materials: iSuppli | Technology |
Hong Kong lawmakers vote for Lehman Brothers probe
China to boost export tax incentives as it battles crisis
Google adds video and voice chat to Gmail | Technology |
NTT DoCoMo, Tata agree on mobile phone alliance
Philips develops intelligent pill | Technology |
Morocco film festival to honour Weaver and Yeoh
Fan of Paula Abdul found dead near TV star's home | Entertainment |
Deputies investigate battery claim against Garrett
Jimi Hendrix drummer Mitch Mitchell dies at 62 | Entertainment |
Idol David Cook says CD comes out guns blazing | Entertainment |
Bush to write book; Palin may steal limelight | Entertainment |
Anne Hathaway's ex sick in filthy jail: lawyer | Entertainment |
R.E.M. makes last Brazil gig an Obama celebration | Entertainment |
Twilight bumps AC/DC from top of album chart | Entertainment |
Edinburgh shows span Richter, reveal Caravaggio | Entertainment |
Writer Bryce Courtenay has no plans to slow down | Entertainment |
Suicide attack kills US soldier, ten Afghans: officials
Qualcomm to link people to Internet without computers
China mulls crackdown on lip-synching
Jimi Hendrix drummer Mitchell dead at 62: official
US shifts rescue away from buying toxic mortgage assets
North Korea using strong-arm nuclear tactics: Seoul | International |
Taiwan ex-president on hunger strike over arrest | International |
Twenty Afghans killed in suicide blast | International |
Iranian diplomat kidnapped in Pakistani city | International |
Qualcomm to link people to Internet without computers
US military deaths in Iraq war at 4,195
Financial crisis biggest threat to security: report | International |
China will boost productivity to ensure grain
China's industrial output slows sharply in October: govt
Pakistani c.bank sells 39.7 bln rupees of T-bills
U.S. rules out sabotage in Mexico minister air crash | International |
S.Korea says fresh FX liquidity injection "enough"
S.Korea won down 2.3 pct to post 2-wk closing low
Electronic Arts debuts fitness video game for Wii | Technology |
Google to let businesses generate more search pages | Technology |
S.Korea to provide $16 bln for trade financing
Microsoft's new Windows Live aims to be hub for Web | Technology |
Citic Pacific gets $1.5 bln bailout from parent
S.Korean won extends falls; recession fears grow
Intel's shock warning sounds alarm for tech sector | Technology |
AMD announces fast, energy-saving chip | Technology |
US abandons plan to buy toxic assets
NZ dollar off lows on Aussie intervention; debt firm
Emerging countries looking for equal say at G20 summit
Thai True Move in deal with Apple to sell 3G iPhone | Technology |
New Bond film heads to U.S. | Entertainment |
Kenny Chesney wins country music entertainer award | Entertainment |
Fan of Paula Abdul found dead near TV star's home | Entertainment |
Fox cancels MadTV after 14 seasons | Entertainment |
Quantum of Solace set to blast U.S. box offices | Entertainment |
Simpsons veteran makes a date with Showtime | Entertainment |
Flea, Johnny Marr on new Frusciante album | Entertainment |
Billy Joel, Elton John touring together again | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01