Global stocks and crude oil prices fell sharply on Monday after Lehman Brothers Holdings Inc's filing for bankruptcy protection made investors flee risky assets and flock to the safety of government debt.
China's central bank acted decisively on Monday to prop up the country's slowing economy by cutting the cost of bank loans for the first time since February 2002. Against a background of
Oil plunged $7 on Monday as investors fled to safer havens, due to turmoil in the U.S. financial system, and on early signs Hurricane Ike had spared key U.S. energy infrastructure. Lehman
Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the
European shares slumped on Monday as nervousness gripped the market after Lehman Brothers filed for bankruptcy protection and a newspaper reported that AIG sought $40 bln from the Federal Reserve. By 0843
Britain's leading share index tumbled 3.4% in early trade on Monday, led by bank stocks after U.S. investment bank Lehman Brothers failed to find a rescuer and filed for bankruptcy protection. By
Hollywood is challenging the hegemony of Apple in digital distribution. A consortium of major studios — excluding key Apple ally Walt Disney Co. — is teaming up with leading retailers and consumer-electronics
Global financial markets were shaken to their core on Monday after Lehman Brothers filed for bankruptcy protection and Merrill Lynch agreed to be taken over as a deepening crisis took new, bigger
European stocks tumbled in early trade on Monday after Wall Street firm Lehman Brothers filed for bankruptcy protection, sending fresh tremours into financial markets. By 0720 GMT, the FTSEurofirst 300 index of
Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis.
