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Bank of Canada holds line again on key interest rate
Summary from United States, from articles in English
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Asian stocks took their cue from Wall Street and financials were categorically sold off, following a timid drop on Monday, as concerns over the extending credit crisis and slowing economies ricocheted across the region. (article 3)
Over in Tokyo, the Nikkei 225 dropped 2 per cent to 12,749.68, closing at a 2 1/2 month low, pummeled by financial stocks. (article 3)
Bank shares across Europe were hit by a fresh wave of selling on Tuesday, as investor fears about the health of the US financial system intensified. (article 5)
Royal Bank of Scotland led the London market into a decline on Tuesday as the crisis of confidence in America's regional banking sector crossed the Atlantic. (article 4)
Foreign investors sold shares heavily after the authorities reverted to a 5 per cent daily limit on price rises and falls. (article 6)
Those measures included a Rp30bn ($700m) stabilisation fund, a one-month ban on short-selling, and limiting the maximum daily fall in a company's shares to 1 per cent from 5 per cent, which has now been reversed. (article 6)
Forty-six per cent of 750 people surveyed worldwide thought China would be an economic superpower within five years; 69 per cent said they were "positive" about Chinese equities compared to 42 per cent in 2007. (article 2)
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Other summaries about this story:
Event tracking:
Story keywords
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cent, Bank, Index, fell, Growth |
Source articles
- Economic outlook clouds Sarkozy success (ft.com, 07/15/2008, 500 words)
- Governance reputation hits China and India (ft.com, 07/13/2008, 154 words)
- Asian stocks stage widespread decline (ft.com, 07/15/2008, 662 words)
- Fears rise over RBS’ US subsidiaries (ft.com, 07/15/2008, 675 words)
- FT.com print article (ft.com, 07/15/2008, 382 words)
- Government u-turn drives Karachi lower (ft.com, 07/14/2008, 366 words)
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blaster@cs.columbia.edu
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