As China develops ports in south Asia, India frets
HAMBANTOTA, SRI LANKA — For years, foreign ships laden with oil, machinery, clothes and other cargo sped past this small town near India as part of the world’s brisk trade with China.
Shorts (left)
Sumit Sapra is a member of that ambitious, impatient generation of young Indians who rode the crest of the global economy. In five years, he changed jobs three times, quadrupling his salary along the way.
Lending Locked, U.S. Tries Trillion-Dollar Key
Credit cards, home equity lines, student loans, car financing: None come cheaply or easily in these credit-tight times. The banks, the refrain goes, just will not lend money.
Investor Fears Spark Another Rout for Markets
As a new bout of fear gripped the financial markets on Thursday, stocks fell sharply again, culminating a monthslong plunge that has wiped out the gains of the last decade.
Fannie Mae Workers Watch As Stock Plans Dwindle
Fannie Mae’s workers had $116 million in the employee stock ownership plan at the end of 2006. Today, it’s more like $17.5 million.
Dow Plunges 777 Points as Bailout Plan Fails to Pass
Even before the opening bell, Monday looked ugly.
Subprime Loans Crisis Prompts Global Financial Market Decline
The credit crisis is no longer just a subprime mortgage problem.
Dow’s Rise Masks Turmoil In Global Financial Markets
With the Dow Jones industrial average up slightly more than 21 points by the end of trading Monday on the New York Stock Exchange, it may have looked like a calm day on Wall Street.
In Market Downturn, Investors Reveal a Deepening Pessimism
The stock market fell sharply to its lowest level in nearly a year Tuesday after Citigroup announced a large quarterly loss and an economic report offered more evidence that consumers were cutting back.
Stocks Fall as a Wary Market Considers New Developments
Shares tumbled late Tuesday after the head of AT&T suggested that consumers may be cutting back and Countrywide Financial denied that it was tumbling into bankruptcy.
Market Fears Prompt Sell-Off; Treasuries Hit 3-Year Low Point
Concerns that problems in the credit market could push the economy into a recession drove investors to the safety of Treasuries on Monday and led to a sell-off of stocks.
As Bounty of Low Rates Fades, Leaner Times May Be Imminent
The unusually low interest rates of the last three years have been an enormous boon to almost every corner of the U.S. economy.