The first open media site where anyone can report from anywhere

Report Your News

Blogs Posts Related To: It's Freefall Friday: Shares lose £250m a SECOND as FTSE drops 440points in just 7 mad minutes

By: uziii send a private message
London : United Kingdom | 2 months ago
Blind panic swept through the City today as the Stock Market collapsed, shedding £80billion in its worst ever opening following huge losses around the globe. Traders were...
Reported by uziii
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Cell phones Cell phones use report code: @1499893

Allvoices Contributors

Related Blogs
  • Blog Source: uklockdown.blogspot.com
    After 'blind panic' set in on the markets on Freefall Friday, finance ministers from the G7 pledged to take 'decisive action and use all available tools' to support financial institutions. They approved a five point 'plan of action' at ...
  • Blog Source: theautomaticearth.blogspot.com
    As the scramble to resolve the Wachovia situation continues, National City Corp., a Cleveland-based regional bank crippled by bad real-estate loans, is in talks with a number of banks about a possible sale, people familiar with the ...
  • Blog Source: marketbear.blogspot.com
    Oleg Deripaska, Russia THE fortune of the aluminium magnate has shrunk by $16 billion (£9.4 billion). The 25% stake he holds in Norilsk Nickel via his group Rusal has fallen in value by almost $10 billion. ...
  • Blog Source: blog.hotvictory.com
    The Fed’s latest move, invoking 1930s Depression-era power, will buy ‘commercial paper’, short-term IOUs that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls. ...
  • Blog Source: cowgirl818.blogspot.com
    The 1983 US peacekeeping mission in Beirut is rightly considered one of the gravest failures in US military history. The stated aim of the deployment of US Marines was to help the Lebanese army assert control over the capital city and ...
  • Blog Source: reflexioneslibertarias.blogspot.com
    An institutional bank run is particularly painful for banks involved in maturity transformation. Most banks borrow funds with short- and medium-term maturities and invest them longer-term. As short- and medium-term interest rates are ...
  • Blog Source: equityexplorer.blogspot.com
    rout Tuesday amid fears that the credit crisis would trigger a global recession. The FTSE Eurofirst 300 index plunged 7.8% as France's CAC 40 slumped 9% and the FTSE100 7.8%, its biggest one-day fall. In New York, the Dow closed down ...
  • Blog Source: amusinghistorymusings.blogspot.com
    The $700 billion Paulson rescue plan should put a floor under the colossal dung heap known as "structured credit". It is a bad plan, since it does not target the money on the recapitalisation of the core banking system. ...
  • Blog Source: pineriverspirit.blogspot.com
    The market turmoil exploded claims that Europe was relatively free from the financial crisis gripping Wall Street. Whatever the precise degree of direct involvement by the various European banks in the speculative activities most ...
  • Blog Source: questionsaboutfaith.blogspot.com
    Acquiring a stake in the banks would be yet another startling intervention by the government in the free market, but economists said Bush was left with little choice because of the credit markets, where tight lending has choked off the ...

Contributions

Help and Accounts


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© allvoices, Inc 2008. All rights reserved.
SVN INFO: