The bad news was compounded by reports that American Insurance Group, Inc. (AIG) is also in trouble after its credit rating was downgraded.
On a positive note, oil prices have dipped sharply as speculators surmise demand will slow along with economic growth.
 Sify |
Turmoil hits Asia; Hong Kong, Seoul deep in the red
MarketWatch -1 hour ago By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Markets across Asia were blasted by a wave of selling Tuesday, with creditors of Lehman Brothers among the leading decliners, followed by consumer exporters, as investors reassessed the outlook ...
Stunned Lehman Employees Pack Bags Across Asia; Investors FumeCNNMoney.com
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