US and European stock markets took a pounding as renewed fears of a credit squeeze roiled the banking sector, further darkening the economic outlook.
A barrage of negative corporate and economic news took its toll on sentiment and oil's rise to 140 dollars a EU tightens rules for lobbyists ...
First-time buyer? ... barrel prompted a further flight from the stock market. The Dow Jones Industrial Average sank 3.03 percent to 11,453.42. The London-based FTSE 100 index, the Paris CAC 40 and Frankfurt DAX all lost around 2.5 percent.
(Deutsche Welle)
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