Latin American stocks fell sharply as part of a global selloff following the downgrade of the United States’ credit rating and the debt crises afflicting some European countries. On Monday, Brazil’s Bovespa stock index dropped below 50,000 points for the first time since July 2009, losing more than 8 percent of its value. The Brazilian […]
Markets Plunge; S&P, US Spar Over Rating Cut
Posted August 8th, 2011 at 2:35 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about European debt problems and global growth. An index that measures U.S. stock market activity was down more than 6.5 percent Monday afternoon, and has dropped more than 10 percent since the beginning of […]
Obama: Rating Downgrade Brings ‘New Urgency’ on Deficit
Posted August 8th, 2011 at 2:10 pm (UTC-5)
U.S. President Barack Obama says he hopes last week’s downgrading of the U.S. credit rating will give lawmakers “a renewed sense of urgency” to agree on more significant reductions in the government budget deficit. Mr. Obama repeated his calls for wealthy Americans to pay more in taxes, and what he called “modest adjustments” in costly […]
S&P, US Spar Over Rating Cut; Markets Drop
Posted August 8th, 2011 at 1:35 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about European debt problems and global growth. An index that measures U.S. stock market activity was down more than 4 percent early Monday afternoon. Major indexes across Asia closed between 2 percent and 4 […]
Markets Drop; S&P Defends US Rating Cut
Posted August 8th, 2011 at 11:00 am (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about government debt problems in Europe. U.S. stock markets dropped more than 3 percent in the first hours of trading Monday. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, […]
S&P Cuts, Europe Debt Drive Mixed Markets
Posted August 8th, 2011 at 4:50 am (UTC-5)
Global markets continue to react to debt fears, including the first-ever downgrade of the U.S. credit rating by the Standard & Poors rating agency and moves by the European Central Bank to bolster Italy and Spain. Major indexes across Asia plunged between 2 percent and nearly 4 percent Monday, while stock futures in New York […]
Major Asian Markets Fall After S&P Cuts
Posted August 8th, 2011 at 3:00 am (UTC-5)
Global markets continue to have a negative reaction to Friday’s first-ever downgrade of the U.S. credit rating by the Standard & Poors rating agency. Major indexes across Asia plunged between 2 percent and 5 percent Monday. Stock futures in New York were also lower ahead of the market opening on Wall Street. The S&P 500 […]
US Gunman Kills 8 in Shooting Spree
Posted August 8th, 2011 at 1:55 am (UTC-5)
Police in the Midwestern U.S. state of Ohio say a man went on a shooting rampage Sunday, killing seven people and wounding another before he was shot dead by police. Authorities said the gunman first shot his girlfriend inside a home Sunday morning in the town of Copley, about 40 kilometers south of Cleveland. They […]
Major Asian Markets Lower After S&P Cuts
Posted August 8th, 2011 at 1:25 am (UTC-5)
Global markets continue to have a negative reaction to Friday’s first-ever downgrade of the U.S. credit rating by the Standard & Poors rating agency. Major indexes across Asia were down between 2 percent and 4 percent in midday trading Monday, with shares in South Korea tumbling by 7 percent at one point. Stock futures in […]
