Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
The U.S. stock market and other risk assets got hammered on Thursday as investors took money off table ahead of Friday's U.S. jobs report and a worsening debt crisis in Europe.
Stocks resumed their downward march on Thursday after a one-day reprieve with all three major indexes down more than 1 percent as a labor market report added to recent evidence the economy has lost momentum.
The European Central Bank resumed buying government bonds from the market and offered a new round of funding to commercial banks on Thursday in response to a worsening euro zone debt crisis.
The European Central Bank kept interest rates at 1.5 percent as expected on Thursday, but may signal it is back in crisis mode at its upcoming news conference as the euro zone debt crisis continues to roil the bloc.
Euro zone sovereign bond markets steadied on Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.
Russian Prime Minister Vladimir Putin did not mince words describing the United States' conduct during the debt deal crisis. Putin did, however, recognize that the United States, in the end, had the common sense to do the right end.
World stocks tumbled toward five-month lows on Wednesday and top-rated government bonds rallied as worries grew that fiscal cutbacks and stagnating factory output would prolong a global economic slowdown and aggravate Europe's debt crisis.
The death toll in Syria's bloody crackdown on opponents of President Bashar al-Assad in the city of Hama and elsewhere climbed on Tuesday and Russia said it would not oppose a U.N. resolution to condemn the violence.
Every year an average of 2,280 metric tons of frog legs are imported into the U.S. (which may involve the killing of up to 1.1 billion frogs).
The EU's antitrust probe of Google could hurt it growth, finances and its reputation.
A civic agency in South Korea is sending thousand of pounds of flour to North Korea.
India has expressed its ?concern? and called for restraint from Syrian ruler Bashar al-Assad.
The UK lawmakers are particularly concerned about the potential for more illegal immigration into Europe should Turkey join the EU, given the inadequate security it has along its borders with Iraq, Syria and Iran.
Euro group chairman Jean-Claude Juncker said on Monday it would be surprising if the rest of the world, and the euro zone in particular, avoided repercussions were the U.S. to lose its AAA-credit rating.
Euro group chairman Jean-Claude Juncker said on Monday it would be surprising if the rest of the world, and the euro zone in particular, avoided repercussions were the United States to lose its AAA credit rating.
Euro zone growth is set to be above its ideal non-inflationary potential rate for 2011 and 2012, but inflation expectations remain anchored, European Central Bank Governing Council member Yves Mersch was quoted as saying.
Prime Minister Jose Luis Rodriguez Zapatero will push elections up by four months.
Greece will get its next 8 billion euro tranche of emergency loans from the euro zone and the International Monetary Fund in September as planned, provided it meets agreed criteria, the spokesman for the Eurogroup President said on Friday.
Japanese imports of rare earths from China fell 13 percent in June to 1,386 tonnes as a rise in prices made it unaffordable to many Japanese hi-tech companies.
Speculating on Greece defaulting is a sure way to lose money, European Central Bank President Jean-Claude Trichet was quoted as saying in remarks released on Wednesday.
The Greek sovereign debt crisis has been resolved, and NFL owners and players have inked a new contract. Is a debt deal between Democrats and Republicans up ahead? As the saying goes -- "things occur in threes."
