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TOKYO (Reuters) - Japan's Nikkei share average plunged 9.6 percent on Friday for its biggest drop since the 1987 stock crash, wiping out $202 billion in market value on growing fears that the financial crisis will spark a...
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TOKYO (Reuters) - The global credit crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares suffered their biggest rout since a 1987 crash.
Global Banking Problems Videos The Dow Jones Index opened over 7% down amid a dismal day on the world markets. The Dow rallied over 7% within minutes of opening, before climbing to a fall of around 200 points. This follows...
By KAZUHIRO SHIMAMURA and YUZO YAMAGUCHI TOKYO -- Yamato Life Insurance Co. Friday became the first Japanese financial-services company to succumb to the financial market turmoil spilling over from the subprime lending crisis,...
Rate cuts and other decisive actions might not be enough to revive the battered financial system. What the Fed has already done.... On Tuesday, the Fed unveiled a plan to lend directly to the nation's major companies by buying...
Global Banking Problems Videos The FTSE 100 index has closed down 382 points, at 3932 - ending its worst week since the crash of 1987. The FTSE is suffering one of the worst weeks in its history The London stock index has lost...
Canada is buying up to $25 billion Canadian ($21 billion) in mortgage backed securities from the country's banks in an effort to maintain the availability of credit, the country's finance minister said Friday.
