European stock markets have suffered heavy losses in the first few hours of trading, as panic selling spread from markets in Asia and the United States.
Frankfurt's DAX index has plunged by ECB to inject 70 billion into money market ...
Deutsche Bank swoops on Postbank ...
US inflation fastest since 1991 ...
Media Report: Porsche to Book Profits Higher than Turnover ... more than eight percent. In London, the FTSE 100 is down by more than five percent, and the CAC 40 in Paris has shed more than six percent of its value. Earlier, Tokyo's Nikkei index slipped by about 10 per cent. On Thursday the Dow Jones Industrial Average shed more than 600 points, recording its seventh straight loss and falling below the 9,000 mark for the first time in more than five years. All this has helped drive the price of crude oil down to a one-year low at just over $82 per barrel. The price of gold, meanwhile, has hit a two-month high of $931 per ounce.
(Deutsche Welle)
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