Economy woes batter global stocks
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Persistent fears about the world economy battered global stocks again on Monday and drove investors towards safer assets despite expectations of more interest cuts from the Federal Reserve to bolster growth.
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Global market turmoil extended into a second week as European and Asian markets tumbled Monday in the wake of Wall Street's drop on Friday amid persistent worries about a possible U.S. Â and worldwide Â economic slowdown.
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Asian shares struggled to break above the flat line on Friday as dour economic reports in Japan and South Korea followed lackluster trading in U.S. markets to cap gains.
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Stocks fell on Friday, giving Wall Street its worst week in more than four years, as a diminishing appetite for riskier assets fueled a further rout in global equity markets.
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NEW YORK A lackluster report on US gross domestic product sent stocks lower Friday as Wall Street worried that a lack of jobs and high energy prices were holding back economic growth.
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Business & money: Markets on both sides of the Atlantic take  fright  at data showing weakness in the US and Germany.
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NEW YORK  Wall Street stocks plunged at the open, extending a global rout as panic reached new heights despite the Federal Reserve's biggest emergency interest rate cut in more than two decades.
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Stock markets across Asia plunged even farther and faster on Tuesday than they had on Monday, as anxious sellers worried that an economic slowdown in the U.S. could drag down growth around the world.
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Leading shares closed sharply lower, impacted by losses on Wall Street after weak US economic data raised concerns of a further economic slowdown, with options expiries and UK banking stocks also weighing.
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The volatility triggered by the mortgage meltdown in the United States further plagued stock markets today, prompting a drop of all major indices in Asia.
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Stocks tanked to start 2008, as economic concerns ruled out gains.
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SHANGHAI, JAN. 22 -- Stocks across Asia took precipitous falls Tuesday for the second day in a row, reflecting fears that a weak U.S. economy could derail growth worldwide.
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Fears about the possibility of a recession in the US economy send Asian shares falling.
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Turbulence roiled world stock markets again Tuesday, with Asian stocks down for a second day on fears of recession in the US
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.
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Share prices in Asia continue to fall  a day after global stocks tumbled amid fears of a global recession.
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Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.