1.08%XLF 21.42 
0.14%QQQQ 46.12 2.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
SEOUL, South Korea - Asian stocks are falling sharply as uncertainty grew following an announcement that one of the world's biggest investment banks was being bought for a fraction of its former value.
| BSC | 10.02 |  0.13 |
In Tokyo, Japan's benchmark Nikkei stock index is down more than 3 percent. In Seoul, the Korea Composite Stock Price Index fell more than 2.5 percent. Markets in Australia and New Zealand also fell.
The declines follow the announcement by JPMorgan & Co. that it was buying Bear Stearns Cos. for $2 a share.
The drops follow a 1.6 percent decline in U.S. stocks Friday after the announcement of a Federal Reserve plan to alleviate a liquidity crisis at Bear Stearns that touched off concerns about the severity of credit troubles in the world's largest economy.
Gold Gold has flatlined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concern...
The Iraqi battalion leader huddled over the map with his American advisers, show...
Since the publication of Dubai & Co.: Global Strategies for Doing Business in the Gulf States, a number of US companies have contacted me wit...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
