AFP - World stock markets plunged deep into negative territory Friday as gloom gathered over the global economy and dismal corporate news left investors stunned.
AFP
Continue reading about US, European stocks fall, but resist global panic (AFP)
AP - Stocks sank, the pound and euro plunged, and company after company delivered bad profit news Friday as Europe got another severe jolt from the global financial crisis.
AP
Continue reading about Europe feels thunderclap, recession looms (AP)
AP - Asian and European leaders agreed Friday that the rules guiding the global economy should be rewritten and the International Monetary Fund should be given a lead role in aiding countries hit hardest by the financial crisis.
AP
Continue reading about Leaders call for new rules for financial system (AP)
AP - The British pound tumbled against the dollar on Friday, weighed down by dismal economic data, while the euro also dived on worries about Europe's exposure to emerging markets, particularly its crisis-stricken eastern neighbors.
AP
Continue reading about Euro, British pound slammed by financial turmoil (AP)
AFP - The British economy is on the edge of a recession, according to official data on Friday which showed that it shrank by 0.5 percent in the three months to September, for the first time since 1992.
AFP
Continue reading about Britain on brink of recession after shrinking in third quarter (AFP)
AFP - The FTSE 100 index lost 5 percent Friday to trade at 3883.36 after preliminary data showed the British economy shrank 0.5 percent in the third quarter.
AFP
AP - OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collapse" of oil prices, but crude prices plunged 5 percent anyway as financial markets spiraled downward across the globe.
AP
Continue reading about OPEC slashes production; crude continues to tumble (AP)
AP - Britain's economy shrank in the third quarter as the global credit squeeze took its toll, according to figures out Friday, confirming that the country is on the brink of its first recession since 1991. The pound plunged.
AP
Continue reading about UK economy officially on the brink of recession (AP)
AP - Three-month lending rates among banks in the U.S. and Europe are falling but more slowly amid fears over global economic growth.
AP
Continue reading about Interbank lending rates fall slightly (AP)
AP - Construction cranes have stopped swinging and thousands of steel workers face layoffs as Ukraine braces for a severe economic downturn.
AP
Continue reading about Ukraine in for tough times amid global crisis (AP)
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