Shares in Asia fell dramatically Tuesday after Wall Street’s worst day on Monday since the aftermath of 11 September 2001: in Hong Kong and Tokyo shares opened 5-7% down. Financial Times and Reuters More bad financial news: AIG, an insurer at the heart of the financial system, was given a $20 billion “lifeline” by the US government after its credit rating slipped, and the Federal Reserve is holding emergency meetings. FT
Posted by Ellen Wallace on 16 September 2008 at 9:32 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 16 September 2008.
Filed under: World news
Tags: banking, Federal Reserve, shares
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