Thursday, May 06, 2010

It's the economy (Thursday, May 6, 2010)

A Spooky afternoon for the markets as the Dow plunges 1000 points,  Greek unrest over austerity and warnings for the rest of Europe, some of the items of interest for Thursday.

Globe and Mail-- Stock markets plunge
Globe and Mail-- Greek crisis could hit European banks, Moody’s warns
Globe and Mail-- Rio Tinto expanding iron ore production in Canada
National Post-- Markets shock investors in dramatic intraday dive
National Post-- Greece backs austerity plan, but markets plunge
National Post-- Market plunge may have been caused by glitch
New York Times-- Stocks Plunge on Concerns Over Greece
New York Times-- Euro Decision Shows Limits of Central Bank
New York Times-- It’s Not About Greece Anymore
USA Today-- Stocks plunge on Greek unrest after austerity plan is OK'd
USA Today-- Trichet says Portugal and Spain are OK, ECB is 'on alert'
Guardian UK online-- Debt crisis: Wall Street panic as Dow plunges on fears for financial system
Guardian UK online-- Moody's warns of Greek debt crisis creating new UK credit crunch
Guardian UK online-- UK firm's Falklands oil find sparks mix of hopes and fears
Times on line UK-- Wall Street drops 1,000 points over Greek contagion fears
Times on line UK-- This is nothing less than the future of Europe, says Merkel
Telegraph UK online-- Wall Street sees biggest intraday fall since 1987 amid Greece fears
Telegraph UK online-- Are we nearing capital controls in Europe?
Telegraph UK online-- British savers 'safe from euro crisis' says Spanish bank
Melbourne Herald Sun-- Rudd acuses miners of 'crying wolf'
Melbourne Herald Sun-- Twiggy lines up to slam Rudd
Sydney Daily Telegraph-- Dollar closes at two-month low on Euro debt fears
People's Daily-- Monetary tightening sinks China stocks
People's Daily-- UN report puts China's 2010 growth at 9.5 pct
China Daily-- China stocks plunge to eight month low
China Daily-- Greek contagion fear stalks global markets
Times of India-- Food inflation falls to 16.04%
Times of India-- Rupee falls by 37 paise to 6-week low against dollar

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