ILLUSTRATION FOR TIME BY MARCO CIBOLA
The issue is straightforward enough, even if few countries have ever had to deal with it on this scale before: thanks primarily to its thriving export industries, China has $1.4 trillion (and counting) in its pocket, and has to put it somewhere. For years, the investment of choice has [...]
Problems in the mortgage market spread deeper and farther afield yesterday.
Trading in the shares of a large mortgage company was suspended yesterday, and the nation’s largest insurer of home loans said its stake in a business that underwrites and invests in mortgage securities may be worthless. Earlier, a German bank acknowledged that its investments in [...]
(TOKYO) — Asian markets were mixed Monday as investors appeared to take another big drop on Wall Street Friday more or less in stride, even as they braced for possible wider fallout from problems in the U.S. housing market.
Japan’s benchmark Nikkei 225 index was down 0.35 percent to 17,223.8 in afternoon trading, after tumbling 2.4 [...]
Stock markets across Europe and the US had their worst day in several months. In London the main share index fell more than 200 points - the biggest one day points drop in over four years.
Everywhere the gloom was partly a response to new figures underlying the slump in the US housing market. Poor company [...]
Stocks fell sharply on Wall Street today, a day after a sharp sell-off caused by worries about slowing economic growth and tighter borrowing conditions.
The three major stock indexes — the Standard & Poor’s 500-stock index, the Dow Jones industrial average and the Nasdaq composite — were each down about 1.5 percent, with most of the [...]
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