Tuesday, September 16, 2008

Global market turmoil continues

BBC

Losses on stock markets have continued after the collapse of fourth largest US investment bank, Lehman Brothers, which has filed for bankruptcy protection.

European stocks fell again; the UK's FTSE 100 was down 2.44%, France's Cac down 1% and Germany's Dax down 1.58%.

Shares in Japan, South Korea and Hong Kong fell more than 5%, having been shut on Monday for public holidays.

Lehman, which may be about to sell its core assets to Barclays, is the latest victim of the global credit crunch...........

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