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October 07, 2008 |
Iceland teeters on the brink of bankruptcy
Washington Post
This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. |
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October 06, 2008 |
Commodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg
Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. |
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October 06, 2008 |
S&P: most dividend cuts in 50 years
CNNMoney
Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years. |
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October 03, 2008 |
French PM says world 'on edge of abyss'
Reuters
French Prime Minister Francois Fillon said on Friday the world stood on the "edge of the abyss", gripped by a global financial crisis now threatening industry, trade and jobs worldwide. |
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October 01, 2008 |
Foreign sentiment dims about U.S.
Speigel Online
The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. Still, this is no time to gloat. |
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September 23, 2008 |
CEO murdered by mob of sacked Indian workers
TimesOnline (UK)
Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi. |
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September 18, 2008 |
'The World As We Know It Is Going Down'
Speigel Online
Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip. |
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September 04, 2008 |
An ominous trend to watch: Corporate loan defaults
Int'l Herald Tribune
The weak go first, and people take comfort from the very weakness of the fallen. The fact that it is only the weak who are suffering is taken as proof that there is no general problem. |
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September 03, 2008 |
New Mexican port seeks ships from Orient that now dock in U.S.
Washington Times
President Felipe Calderon opened bidding last week for construction of a huge new seaport that could eventually compete with Los Angeles-Long Beach, the largest port complex in the United States. |
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September 03, 2008 |
Commodities bubble burns big investment funds
The Seattle Times
The deflating commodities bubble is claiming its first casualties as large investment funds absorb staggering losses from bad bets that prices for oil, precious metals and grains would keep going up. |
