Home> World» Published : 29 September, 2008 08:58:00

Paris Bourse slides as banking crisis reaches Europe

Rate this article
0

(IANS)

As evidence grew that the US finance crisis has reached Europe, French shares fell sharply in early trading Monday, with banking shares leading the decline.

After one hour of trading Monday, the Paris Bourse's benchmark CAC 40 was down 3.17 percent, at 4,031.27, with slumping issues outpacing winners by 12 to ...

...Franco-Belgian financial services group Dexia was the biggest loser, giving up nearly one-fourth of its value, as the Belgian government declared that it would come to its support as it had with the Fortis financial group.

French bank Credit Agricole was down more than nine percent, to 13.05 euros ($18.71), with two more banks, BNP Paribas and Societe Generale off more than seven percent, at 63.08 and 60.46 euros, respectively.

Add to: Add to your del.icio.us | Digg this story| Technorati| mixx| Google this story | YahooMyWeb | slashdot| Windows Live| Facebook| Myjeeves Ask| reddit| netscape| furl| blinklist| newsvine| stumbleupon| squidoo| shoutwire| Tag It| spurl| diigo|

Subscribe to comments feed Comments (0 posted):

total: | displaying:

Post your comment comment

Please enter the code you see in the image:

  • email Email to a friend
Newsletter
Poll: Like Our New Look?
Do you like new look & feel of hamropalo.com ?

Reviews Reviews