PARIS (AFP): The fall down of the sub-prime mortgage market place in the United States and the following international economic recession has forced the sharpest decline in the world stock markets since the end of the Internet fizz in 2001-2002. During the last year, forthcoming indices have lost by 12 to 25 % of their Read more
NEW YORK: Wall Street stretched its sprawl into yet another week Monday because shareholders anguished about protected network system for mortgage financiers Fannie Mae and Freddie Mac won’t go on facing more problems in the financial markets. The Treasury and the Federal Reserve stressed on Sunday they would assist Fannie Mae and Freddie Mac if Read more
After rising oil prices and persisting worries about the financial sector, stocks slowed down on Monday. The reason behind rising price was the disappointment that Saudi Arabia was not increasing oil production more than 200,000 barrels a day. On the New York Mercantile Exchange, light, sweet crude oil settled at $ 136.74 per barrel with Read more