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Archive for month: September, 2008
London Stock Exchange trading interrupted by technical glitch
LONDON — Trading on The London Stock Exchange was halted for seven hours Monday - the bulk of the usual session - angering customers unable to do business on what was expected to have been one of the busiest days of the year.
Traders’ woes were further compounded when technical glitches also hit the London platform [...]
TSX negative as commodity stocks resume selloff;NY up on mortgage sector rescue
TORONTO - The Toronto stock market turned negative half-way through the Monday session.
The market had soared more than 350 points in the early going as investors reacted positively to the U.S. government’s takeover of mortgage giants Fannie Mae and Freddie Mac
But financials pared early gains and the energy sector turned lower, taking the S&P/TSX [...]
Sensex India: Stock Market Today
Sensex nose dives below 14,500, ends 415.27 pts down
Mumbai, Sep 5 (UNI) The Bombay Stock Exchange Sensex today nose dived even below 14,500, wiping off 415.27 points to close at 14,483.83 on sustained profit booking interest across the sector triggered by persisting weak global cues.
The BSE benchmark index touched the day’s low of 14,438.59, losing [...]
US Government takes over mortgage giants
By Martin Crutsinger and Alan Zibel, AP Business Writers
US Government seizes control of mortgage giants Fannie Mae and Freddie Mac
WASHINGTON (AP) — The Bush administration’s seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.
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The historic move [...]