After historic loss, Paris Bourse rebounds modestly - Summary
Paris - One day after suffering the largest single-day loss in its 21-year-history, the Paris Bourse's benchmark CAC 40 rebounded modestly on Tuesday. The blue-chip index ended the day up 0.55 per cent, at 3,732.22, with as many advancing issues as t...
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2008-10-07 ] Category : [
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Ukraine stock market plummets hitting new record low - Summary
Kiev - Ukraine's leading PFTS stock exchange plummeted on Tuesday, with some shares losing 9 per cent in minutes after opening and the market setting a new record low by the end of trading. Stock in the massive Azovstal steel company dropped 9.15 per...
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2008-10-07 ] Category : [
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Taiwan's September exports drop due to global recession
Taipei - Taiwan's September exports suffered their largest decline in six years due to the global recession, the Taiwan Finance Ministry said Tuesday. In September, Taiwan's exports totalled 21.85 billion US dollars, down 1.6 per cent year on year, t...
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2008-10-07 ] Category : [
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Pakistani rupee collapses against dollar - Summary
Karachi - The Pakistani rupee fell by over 1 per cent against the dollar on Tuesday to close at 79.60 from 78.60 the previous day amid growing concerns over eroding foreign exchange reserves, traders said. The decline in the rupee was one of the stee...
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2008-10-07 ] Category : [
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Statoil Hydro executives resign over Libya payments
Oslo - Two executives of energy group Statoil Hydro resigned with immediate effect Tuesday after a probe was published into payments made in connection with a 1999 oil deal in Libya. The probe was launched a year ago when energy giants Statoil and No...
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2008-10-07 ] Category : [
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IMF forecasts 1.4 trillion dollars in financial losses - Summary
Washington - The International Monetary Fund (IMF) warned on Tuesday that US financial sector losses could total 1.4 trillion dollars as the housing crisis at the centre of the turmoil has yet to reach its peak. The IMF, in its annual financial stabi...
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2008-10-07 ] Category : [
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Icelandic bank taken over in efforts to avert meltdown - Summary
Reykjavik/Moscow - Iceland's government, central bank and other authorities moved Tuesday to avert a financial meltdown in the North Atlantic nation. The Icelandic currency stabilized somewhat Tuesday as the central bank said Russia would grant a loa...
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2008-10-07 ] Category : [
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Poland seeks to gird against financial crisis
Warsaw - Poland's top economic policymakers met Tuesday to discuss the impact of the global financial crisis, while the main opposition party urged immediate action by the government. The conservative Law and Justice party called for an agreement by ...
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2008-10-07 ] Category : [
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Spanair loses 52 million euros after Madrid air crash - Summary
Madrid - The Spanish airline Spanair has lost 51.7 million euros (70 million dollars) in ticket since after its MD-82 jetliner crashed in Madrid on August 20, killing 154 people, its mother -carrier SAS said Tuesday. Spanair transported 680,000 passe...
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2008-10-07 ] Category : [
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