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FINANCIAL CRISIS

Global capitalism on the brink?

Billion-dollar bailout schemes and major bankruptcies have sent taxpayers and traders reeling with shock as global banking systems teeters on the brink of collapse. Is this the end of global capitalism as we know it?
Nikkei closes at lowest year-end level since 1982
30/12/2011 - JAPAN - MARKETS

Nikkei closes at lowest year-end level since 1982

Japan's Nikkei closed 2011 at its lowest year-end level since 1982, and down 17.34% from 2010's closing figure. Japan's financial woes were worsened by the Fukushima disaster in March as well as eurozone-related panic selling.
European stocks plummet after EU bailout referendum
01/11/2011 - EUROZONE

European stocks plummet after EU bailout referendum

European stock markets plunged on Tuesday, a day after Greek Prime Minister George Papandreou's surprise announcement that Greek voters would have the final say on the EU's latest bailout package.
Stocks hit seven-week high after eurozone rescue deal
27/10/2011 - FINANCE

Stocks hit seven-week high after eurozone rescue deal

Markets rallied following Thursday's key eurozone rescue deal in Brussels with the main European markets all closing higher. World stocks measured by the MSCI All-Country World Index advanced to a seven-week high of 1.7 percent.
Dexia to sell Luxembourg arm as trading is suspended
06/10/2011 - EUROZONE

Dexia to sell Luxembourg arm as trading is suspended

Troubled Franco-Belgian bank Dexia is in negotiations to sell its Luxemburg affiliate. Trading was suspended in the plummeting stock at the request of the Belgian market regulator.
Markets cautious on EU debt crisis response
28/09/2011 - FINANCE

Markets cautious on EU debt crisis response

Stocks in Asia crept up Wednesday in cautious trading, with widespread uncertainty surrounding the EU’s debt plan prevailing. This comes on the heels of Greek Prime Minister George Papandreou’s visit to Berlin on Tuesday.
Concerns over Greece drive European stocks down
19/09/2011 - FINANCE

Concerns over Greece drive European stocks down

European markets began the week in retreat, with France’s CAC-40 falling 3 percent and Germany’s Dax closing down 2.8 percent, as international investors worried Greece would fail to take the steps necessary to secure more bailout cash.
European markets tumble over debt concerns
09/09/2011 - MARKETS

European markets tumble over debt concerns

World stock markets tumbled Friday on fears over debt problems in the euro zone, and nervousness over the outcome of a Greek debt swap. The euro also suffered, hitting a six-and-a-half month low against the dollar.
Stocks slide amid  debt, banking woes
06/09/2011 - MARKETS

Stocks slide amid debt, banking woes

Asian stocks and the euro fell on Tuesday, a day after European shares suffered sharp losses as investors reacted to fears of a worsening eurozone debt crisis.
European markets close at two-week low
05/09/2011 - MARKETS

European markets close at two-week low

European shares hit their lowest close in a fortnight Monday with investors continuing to shoulder concerns about the continent's low growth and eurozone debt crisis. Meanwhile, some banks were impacted by a US lawsuit over toxic mortgage debt.
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