Stock markets continued to fall across the globe on Friday, as investors showed new concern about the struggling U.S. economy and the stability of the European banking system. Asian stock indexes dropped sharply, European exchanges followed suit and a futures index predicted more losses on Wall Street when trading opens in New York. Analysts said […]
Global Stocks Drop Again on Economy Fears
Posted August 19th, 2011 at 9:00 am (UTC-5)
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US Investment Bank Says US, Europe Close to New Recession
Posted August 19th, 2011 at 8:50 am (UTC-5)
A U.S. investment bank says that the United States and Europe are “dangerously close” to a new recession because of economic policy errors. Wall Street bank Morgan Stanley warned Thursday that the United States, along with the 17-nation bloc of European countries employing the euro currency, are hovering close to a recession, defined as economic […]
Suicide Bombing at Mosque Kills 40 in Pakistan
Posted August 19th, 2011 at 8:45 am (UTC-5)
Officials say a suicide bomber has struck a mosque in northwest Pakistan, killing at least 40 people. The attack occurred as more than 300 people packed into the mosque for Friday prayers in Jamrud, the main town in the Khyber tribal region. Authorities say more than 100 people were wounded in the blast. No one […]
Belarus Suspends Uranium Deal with US Because of Sanctions
Posted August 19th, 2011 at 8:20 am (UTC-5)
Belarus says it is suspending a plan to eliminate its highly-enriched uranium under an agreement with the United States. The foreign ministry announced Friday that it is freezing the project because of new U.S. sanctions, which it said go against the spirit of cooperation. The U.S. imposed the economic sanctions last week in response to […]
Taliban Attack on British Council in Kabul Kills 9
Posted August 19th, 2011 at 7:20 am (UTC-5)
Afghan officials say at least nine people were killed Friday in at least two suicide bombings and a gun battle at a British cultural center in Kabul. Shots were still heard hours after the suicide bombers started the attack. Several more explosions were heard inside the British Council compound. However, British Foreign Office official Alistair […]
European Markets Lower at Midday
Posted August 19th, 2011 at 7:00 am (UTC-5)
European stock markets were lower in midday trading Friday. London’s Financial Times 100 index was down 2.60 percent , to 4,960. The CAC-40 in Paris fell 2.85 percent , to 2,988. And the DAX in Frankfurt plunged 3.60 percent , at 5,401. The S&P futures contract was down 23 points, indicating another steep dive on […]
Syrian Crackdown Continues as West Ramps Up Pressure on Assad
Posted August 19th, 2011 at 6:55 am (UTC-5)
Syrian activists say President Bashar al-Assad’s government is continuing its crackdown on protesters, despite U.S. and European demands that he step down. Activists say Syrian security forces opened fire in the central city of Homs Thursday night, killing at least one person. More shooting was heard Friday in Homs. Protest organizers called for more demonstrations […]
Syrian Crackdown Continues as West Ramps Up Pressure on Assad
Posted August 19th, 2011 at 6:40 am (UTC-5)
Syrian activists say President Bashar al-Assad’s government is continuing its crackdown on protesters, despite U.S. and European demands that he step down. Activists say Syrian security forces opened fire in the central city of Homs Thursday night, killing at least one person. More shooting was heard Friday in Homs, where protest organizers have called for […]
33 Killed in Pakistan Mosque Blast
Posted August 19th, 2011 at 6:40 am (UTC-5)
Officials in northwestern Pakistan say the death toll from a bomb blast in a mosque during Friday prayers has risen to at least 33 people. Authorities say at least 85 others were wounded in the attack. Authorities say the explosion happened in the the Khyber tribal region. No group has claimed responsibility for the blast, […]
Asian Markets Close Lower
Posted August 19th, 2011 at 6:35 am (UTC-5)
Asian stock markets closed lower Friday. Tokyo’s Nikkei index dropped two-and-a-half percent , to close at 8,719. Hong Kong’s Hang Seng index fell three percent , to end at 19,400. Elsewhere, share prices were lower in Shanghai, Sydney, Mumbai, Singapore, Kuala Lumpur and Bangkok. Markets also closed lower in Jakarta, Wellington, Manila, Taipei and Seoul. […]
