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Thu Oct 16, 12:01 PM ET LONDON (AFP) - European stock markets suffered sharp losses for a second straight day Thursday as recession clouds deepened over the US economy.
The London FTSE 100 index of leading shares fell 5.35 percent to close at 3,861.39..
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by Omar Hasan Thu Oct 16, 4:48 AM ET KUWAIT CITY (AFP) - Gulf stock markets fell on Thursday for a second day, led by a more than six percent plunge on the Dubai Financial Market, as recession fears continue to haunt the global economy.
The DMF Index w..
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2 hours, 47 minutes ago WASHINGTON (AFP) - US retail sales slumped 1.2 percent in September, government data showed Wednesday in a sign of deeper troubles for an economy ailing from a financial market firestorm and tight credit.
The drop in sales was t..
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Wed Oct 15, 7:44 AM ET LONDON (AFP) - Shares in London slumped on Wednesday, with the FTSE 100 shedding almost three percent as a rally lost momentum amid growing fears of recession.
In midday trade, the index of leading shares slid 2.95 percent.
The..
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by Phil Hazlewood Wed Oct 15, 4:09 AM ET MUMBAI (AFP) - From his base in India's financial capital Mumbai, Raj Kumar Sharma has been tracking the turbulence in the world stock markets and has come to one firm conclusion -- it was written in the stars...
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Tue Oct 14, 3:20 AM ET LONDON (AFP) - The London stock market rallied 2.65 percent to 4,369.55 points in initial trading on Tuesday as investors continued to cheer global government action aimed at rescuing banks crippled by the credit crunch.
The FTSE..
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Tue Oct 14, 12:31 AM ET TOKYO (AFP) - Japan announced a package of measures Tuesday aimed at supporting the ailing stock market, including a loosening of restrictions on companies buying back their own shares.
The moves helped to fuel a powerful rally..
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2 hours, 55 minutes ago LONDON (AFP) - The FTSE 100 soared on Monday, with the index of leading shares up 4.84 percent after leading banks accepted billions of pounds of taxpayers' money to prop up their ailing institutions.
Leading indices across the..
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by Chris Lefkow Sat Oct 11, 12:41 PM ET WASHINGTON (AFP) - Even the giants of technology did not emerge unscathed from the bloodbath this week on Wall Street.
Microsoft, Google, Amazon, Yahoo!, eBay, Dell, Intel, Cisco, Hewlett Packard and Oracle, key..
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Fri Oct 10, 11:23 AM ET LONDON (AFP) - Oil prices slumped Friday to one-year lows under 80 dollars per barrel, striking 75 dollars in London, amid a global equities meltdown that sparked fears over demand for energy, traders said.
The International Ene..
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Thu Oct 9, 4:43 AM ET KUWAIT CITY (AFP) - Most stock markets in the oil-rich Gulf states, which suffered massive losses this week, rose at the start of trading on Thursday, bolstered by a round of interest rate cuts.
Shares in Kuwait, Doha and Oman mad..
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Wed Oct 8, 12:47 PM ET LONDON (AFP) - The FTSE 100 index of leading shares closed with heavy losses of more than 5.0 percent Wednesday as investors brushed aside central bank efforts to counter the global financial crisis.
London shares shed 5.18 perce..
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Wed Oct 8, 11:33 AM ET NEW YORK (AFP) - US stocks zigzagged on Wednesday after the Federal Reserve joined a global coordinated interest rate cut in an extraordinary bid to ease credit and calm roiling markets.
The Dow Jones Industrial Average dropped 1..
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55 minutes ago LONDON (AFP) - The yen surged on Wednesday to a three-year high against the euro and a six-month pinnacle against the dollar amid a fierce sell-off on stock markets across the world.
In morning London trade, the European single currency..
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by Omar Hasan Tue Oct 7, 2:05 PM ET KUWAIT CITY (AFP) - Stock markets plunged across the Arab world on Tuesday as panic over the global financial crisis gripped investors, wiping billions of dollars off share values.
In contrast, the Israeli bourse sur..
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Tue Oct 7, 6:27 AM ET LONDON (AFP) - The London stock market eased 0.28 percent in volatile late morning trade on Tuesday a day after it slumped by 7.8 percent in a global markets rout.
The FTSE 100 index stood at 4,576.47 points in mid-morning trade...
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2 hours, 46 minutes ago CAIRO (AFP) - Egypt's key CASE-30 stock index plunged to its lowest level in two years on Tuesday amid fresh concerns about the global financial crisis.
"There's panic, everything is down, it's incredible," Ahmed Hefnawi, an ana..
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by Veronica Smith Mon Oct 6, 11:44 AM ET WASHINGTON (AFP) - The Federal Reserve and the US Treasury announced measures Monday to confront a rapidly escalating financial crisis under new emergency powers as panicked investors fled stock markets.
The cen..
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by Deborah Cole 1 hour, 21 minutes ago BERLIN (AFP) - Germany extended a blanket guarantee to all private bank deposits Sunday as Chancellor Angela Merkel said her government was scrambling to salvage a rescue plan for the country's fourth biggest bank...
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Fri Oct 3, 11:41 AM ET WASHINGTON (AFP) - Stock markets rallied Friday as investors looked to the US Congress for quick and final action on a 700-billion-dollar Wall Street bailout and took heart from a new US bank takeover.
Wells Fargo stepped in with..
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