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Bank of Canada holds line again on key interest rate
Summary from multiple countries, from articles in English
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Canada's main stock index lost 383 points on Tuesday as investors continued to fret over the health of the U.S. financial system and oil prices tumbled. (article 4)
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 7)
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 5)
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 5)
Foreign investors sold shares heavily after the authorities reverted to a 5 per cent daily limit on price rises and falls. (article 8)
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 8)
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 3)
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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)
- Bank of Canada holds line again on key interest rate (cbc.ca, 07/15/2008, 399 words)
- Governance reputation hits China and India (ft.com, 07/13/2008, 154 words)
- Stocks under pressure over U.S. banking worries; oil tumbles (cbc.ca, 07/15/2008, 360 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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