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17/09/2001
Share prices plunge as New York Stock Exchange reopens
Share prices have fallen rapidly on Wall Street after the New York Stock Exchange and the Nasdaq re-opened for the first time since last week’s terrorist attacks on the World Trade Center buildings.
The Dow Jones Industrial Index dropped below the 9,000 points barrier, shedding 225 points, and the Nasdaq dropped over 100 points.
Just before the opening the US Federal Reserve attempted to boost the markets by cutting US interest rates from 3.5 per cent to three percent.
London’s main shares index fell more than six per cent over the week to close at the lowest level in three years, while Frankfurt stocks lost 13 per cent, Paris 11 per cent, and Tokyo fell by 4.8 per cent.
The cuts came sooner than expected, but it failed to prevent the shares from dropping.
There were emotional scenes on Wall Street as the stock market re-opened for the first time since the attacks that have devastated much of the financial district and left thousands of people dead or injured. (CD)
The Dow Jones Industrial Index dropped below the 9,000 points barrier, shedding 225 points, and the Nasdaq dropped over 100 points.
Just before the opening the US Federal Reserve attempted to boost the markets by cutting US interest rates from 3.5 per cent to three percent.
London’s main shares index fell more than six per cent over the week to close at the lowest level in three years, while Frankfurt stocks lost 13 per cent, Paris 11 per cent, and Tokyo fell by 4.8 per cent.
The cuts came sooner than expected, but it failed to prevent the shares from dropping.
There were emotional scenes on Wall Street as the stock market re-opened for the first time since the attacks that have devastated much of the financial district and left thousands of people dead or injured. (CD)
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11 April 2002
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The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
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The latest Ernst & Young European Investment Monitor survey has revealed that the number of new investment projects into Europe in 2001 fell by 12 per cent on 2000 figures. Countries that performed poorly in 2001 included the UK with a 34 per cent decline from 575 projects to 377.
28 August 2001
London FTSE dips on news of weak US consumer data
The London stock exchange’s FTSE 100 share index took a dive on Tuesday afternoon as the market reacted to news that US consumer confidence data was weaker than analysts expected. The US data revealed that consumer confidence was at a four-month low.
London FTSE dips on news of weak US consumer data
The London stock exchange’s FTSE 100 share index took a dive on Tuesday afternoon as the market reacted to news that US consumer confidence data was weaker than analysts expected. The US data revealed that consumer confidence was at a four-month low.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
01 November 2018
CMA Launches 'Stop Cartels' Campaign
New research has revealed that many firms don't know enough about how to comply with competition law, according to the Competition and Markets Authority's (CMA). Citing this research, the CMA has launched a cartel awareness campaign, which aims to educate businesses about which practices are illegal.
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02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
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