Open

Coming up

Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

New French economy minister signals changes to 35-hour week

Read more

MEDIAWATCH

'Macron-economy' pun already worn out

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War (part 2)

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War

Read more

FOCUS

Video: Milan is starting point for Syrian refugees’ European odyssey

Read more

MIDDLE EAST MATTERS

Terrorist ransoms: Should governments pay up for hostages?

Read more

ENCORE!

Kristen Stewart and Juliette Binoche star in 'Clouds of Sils Maria'

Read more

WEB NEWS

India: journalist launches "Rice Bucket Challenge"

Read more

WEB NEWS

Russian aid convoy: Mission accomplished?

Read more

  • Ukraine calls on NATO amid rebel counter-attack

    Read more

  • New French economy minister takes swipe at 35-hour work week

    Read more

  • Air France suspends flights to Ebola-stricken Sierra Leone

    Read more

  • Uzi shooting by 9-year-old rekindles gun debate

    Read more

  • Mother of American journalist asks IS leader for his release

    Read more

  • UN probe accuses Syrian regime, Islamists of ‘crimes against humanity’

    Read more

  • Uruguayans sign up to grow marijuana at home

    Read more

  • Missouri governor appoints black public safety director

    Read more

  • French unemployment rises 0.8% in July to record high

    Read more

  • Video: Iraq’s Yazidis flee to spiritual capital of Lalish

    Read more

  • Video: Milan is starting point for Syrian refugees’ European odyssey

    Read more

  • Airstrikes and Assad - Obama’s military conundrum in Syria

    Read more

  • IMF’s Lagarde investigated in French corruption case

    Read more

  • American journalist held captive in Syria arrives in US

    Read more

  • In pictures: The ministers in France's new government

    Read more

  • 'Lasting' ceasefire agreed for Gaza, Abbas says

    Read more

  • Far-right ‘Russian Jihad’ fighters cross into Ukraine

    Read more

Business

Spanish stocks plunge 6.64% on eurozone concerns

Text by News Wires

Latest update : 2010-05-14

The Spanish stock market closed down 6.64% Friday on continuing fears over the economic stability of the eurozone. Stock markets worldwide were under pressure Friday, with the European single currency sliding to its lowest point since 2008.

AFP - The Spanish stock market closed down 6.64 percent at 9,341.7 points on Friday on continuing fears over the economic stability of the eurozone.

The benchmark Ibex-35 index of leading Spanish shares began tumbling after New York opened at around 3:30pm (1330 GMT) and the slump had accelerated further by 5:00pm.

Banking stocks were worst affected, with Santander sliding 8.98 percent to 8.32 euros and BBVA dropping 7.58 percent to 8.78 euros.

The euro and stock markets worldwide were under pressure Friday, with the European single currency sliding to the lowest point since late October 2008 amid fresh eurozone crisis concerns.

The Ibex-35 slump followed a record rise of 14.43 percent on Monday on the news of a trillion-dollar rescue deal by the European Union and International Monetary Fund to ease the eurozone debt crisis.
 

Date created : 2010-05-14

COMMENT(S)