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Oct 08, 2008

Business News

Tuesday Oct 7

Japan's Nikkei plunges 9.4 percent on crisis fears

Japan's stock market plummeted 9.4 percent _ its biggest one-day drop in 21 years _ Tuesday as investors rushed for the exits on deepening fears over the global financial crisis.

Tuesday Oct 7

Russia's MICEX exchange shuts until Friday

Russian news agencies say Moscow's MICEX stock exchange has been shut down until Friday after opening with steep losses.

Tuesday Oct 7

Hong Kong cuts interest rate by 1 percentage point

Hong Kong's de factor central bank said Wednesday it would slash its benchmark interest rate by 1 percentage point to 2.5 percent to encourage lending amid the global credit crunch.

Tuesday Oct 7

Japan's Nikkei plunges 9.4 percent on crisis fears

Japan's Nikkei stock index has plummeted 9.4 percent to close at a five-year low on deepening fears over the global financial crisis.

Tuesday Oct 7

Asian stocks plunge on unabated credit market woes

Asian stock markets tumbled Wednesday, with Japan's Nikkei index sinking nearly 10 percent, as recent steps by the world's major economies to fortify credit markets failed to stem fears that the spreading ...

Tuesday Oct 7

BlackBerry Storm has touch screen you can feel

Research in Motion Ltd., maker of the BlackBerry, is taking on Apple Inc. with a touch-screen phone that puts a new twist on the technology.

Tuesday Oct 7

Asian stocks plunge on unabated credit market woes

Asian stock markets plunged Wednesday as recent steps by the world's major economies to fortify credit markets failed to stem escalating fears that the spreading financial crisis could spawn a global recession.

Tuesday Oct 7

Oil dips to $89 on economic slowdown fears

Oil prices fell to $89 a barrel Wednesday in Asia on investor concerns that the credit crisis that began in the U.S. will trigger a prolonged global economic slowdown and hurt crude demand.

Tuesday Oct 7

Wall Street looks to recover after global rout

Wall Street looked to recover Tuesday from a huge sell-off the previous session, with investors hopeful that central banks around the world will cut interest rates to help alleviate turmoil in the credit ...

Tuesday Oct 7

AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Tuesday, October 7, 2008: Asian markets mixed after Australia's big rate cut SEOUL, South Korea _ Asian stocks were mixed Tuesday as a ...

Tuesday Oct 7

RBS's share price plunges 39 percent, amid turmoil

Shares in Royal Bank of Scotland Group PLC plunged 39 percent in early trading on Tuesday, as investors worried the British government is not doing enough to boost banks' balance sheets in the financial crisis.

Tuesday Oct 7

Aer Lingus to cut up to 1,500 jobs

Aer Lingus Group PLC is planning up to 1,500 job cuts, Ireland's SIPTU trade union said Tuesday.

Tuesday Oct 7

Thousands march in Romania to protest low salaries

Some 7,000 workers and trade unionists have marched around the Romanian parliament to demand higher salaries and better working conditions.

Tuesday Oct 7

Copenhagen airport to build new terminal

Copenhagen Airports will build a new 200 million kroner terminal for low-cost airlines.

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