Tokyo, Oct 16 (DPA) Markets across Asia plummeted on opening Thursday, dragged down by US retail sales data and concerns about whether bank bailouts would be able to rescue financial markets and avert a recession.
Tokyo, Oct 16 (DPA) The Tokyo stock market plummetted nearly 10 percent in early trading Thursday after overnight falls on Wall Street amid growing recession fears in the US and worldwide.
Hong Kong, Oct 16 (DPA) Hong Kong’s Hang Seng Index opened more than six percent lower Thursday as overnight losses on Wall Street had a heavy impact on markets across Asia.
New York, Oct 16 (DPA) Wall Street took another tumble Wednesday, with the Dow Jones Industrial Average spiralling down by more than 700 points amid renewed worries the US is already in the grip of a recession.
New York, Oct 16 (DPA) World leaders wrestled anew Wednesday with recession fears as stock values cascaded, defying hopes of US and European governments that their escalating interventions into the finance system, mostly recently the purchase of bank shares, would stabilize the markets.
Washington, Oct 16 (DPA) Economic activity weakened across the US in September as consumers and businesses became more pessimistic about the economy amid the worsening financial crisis, the US Federal Reserve said Wednesday.
New York, Oct 16 (DPA) US stocks continued dropping through Wednesday, hit by the largest drop of retail sales in three years, growing worry over a US recession and a record federal budget deficit.
New York, Oct 16 (DPA) US stocks continued dropping through Wednesday, hit by the largest drop of retail sales in three years, growing worry over a US recession and a record federal budget deficit.
The three major US indices shed more than 5 percent each by 1845 GMT, with the negative momentum dragging down Europe’s markets, where Europe’s blue-chip Stoxx50 closed 5 percent down.
Washington, Oct 15 (DPA) US Federal Reserve chief Ben Bernanke warned Wednesday that the emergency action taken by the Bush administration in response to the financial crisis is unlikely to produce a swift economic recovery.
New York, Oct 15 (DPA) US stocks continued their decline at the opening bell Wednesday, hit by the largest drop of retail sales in three years and growing worry over a US recession.