Author Topic: World markets plunge on US auto bailout failure  (Read 1700 times)

Offline swanson

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World markets plunge on US auto bailout failure
« on: December 12, 2008, 08:11:35 AM »
World markets plunge on US auto bailout failure
World markets plunge as Senate rejects US auto bailout, retail sales fall


http://finance.yahoo.com/news/World-markets-plunge-on-US-apf-13816464.html

Pan Pylas, AP Business Writer

Friday December 12, 2008, 9:08 am EST

LONDON (AP) -- World stock markets plunged Friday as the U.S. Senate's rejection of a $14 billion deal to rescue Detroit's automakers and further grim economic data stoked concerns that the recession in the world's largest economy will be longer and deeper than expected.

The FTSE 100 of leading British shares was down 169.74 points, or 3.9 percent, at 4,218.95, while Germany's DAX fell 230.35 points, or 4.8 percent, to 4,536.85. The CAC-40 in France fell 181.02 points, or 5.5 percent, to 3,125.11.
Edited by SW, due to copyright issues -- please see here for Fair Use info.
« Last Edit: September 08, 2010, 08:12:04 PM by Sister Wolf »