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Asian markets plunge on U.S. recession news
Asian and Pacific stocks nosedived Tuesday, with Hong Kong's Hang Seng index off 5 percent after grim U.S. economic news battered Wall Street. |
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Dow plunges on news recession began in Dec. 2007
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WASHINGTON -- Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news _ and a fresh batch of bad economic reports _ tanking nearly 680 points. With the economic pain likely to stretch well into 2009, Federal Reserve Chairman Ben Bernanke said Monday he stands ready to lower interest rates yet again and ... |
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Dow plunges on news recession began in Dec. 2007
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Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports — tanking nearly 680 points. With the economic pain likely to stretch well into 2009, Federal Reserve Chairman Ben Bernanke said Monday he stands ready to lower interest rates yet again and to explore ... |
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