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CNN

Top Stories - 2008 financial crisis all over again?



Saturday, June 25, 2016  09:18

Yahoo

Business - Post-Brexit global equity loss of over $2 trillion worst ever: S&P


By Edward Krudy NEW YORK (Reuters) - The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor`s Dow Jones Indices. Global markets skidded following the unexpected result from the June 23 referendum, in which Britons voted to withdraw from the EU by a 52 percent to 48 percent margin. ...


Sunday, June 26, 2016  21:56

Yahoo

World - Seeking clean slate, Icelanders elect historian as new president


Icelanders elected historian Gudni Johannesson on Saturday as their first new president in 20 years, amid distrust of politicians and business leaders after the 2008 global financial crisis and the Panama papers scandal. The final count showed 39 percent of Icelanders voted for Johannesson as president, public broadcaster RUV reported. Johannesson, a lecturer at the University of Iceland who has said he has never been a member of a political party, will take office on Aug. 1.


Sunday, June 26, 2016  11:30

Yahoo

World - Icelanders seek clean slate as historian set to win presidential vote


Early counts indicated Icelanders on Saturday elected historian Gudni Johannesson as their first new president in 20 years amid distrust in politicians and business leaders following the 2008 global financial crisis and the Panama papers scandal. Johannesson told supporters after around a third of votes were counted, showing about 38 percent support, that he thought he`d won the popular vote for the presidency, a largely ceremonial post although it carries powers to block legislation. Johannesson, a lecturer at the University of Iceland who has said he has never been a member of a political party, will take office on Aug. 1.


Sunday, June 26, 2016  09:10

Yahoo

Sports - Uehara ties tournament record to surge clear in Arkansas


(Reuters) - Japan`s Ayako Uehara scorched her way to a tournament-record tying nine-under-par 62 to seize a two-stroke lead after the first round of the Arkansas Championship on Friday. Uehara made nine birdies in a bogey-free round to match the 18-hole scoring record set by Jane Park and Angela Park in 2008. `With (my) caddie and trainer, everybody is like a team and so everything is coming together, including the swing coach,` Uehara told reporters.


Saturday, June 25, 2016  04:10

CNN

Top Stories - Bush Treasury Secretary endorses Clinton


Hank Paulson, the Republican Treasury secretary during the 2008 financial crisis, has endorsed Hillary Clinton, adding his name to prominent GOP heavyweights who are backing the presumptive Democratic nominee.


Saturday, June 25, 2016  01:07

CNN

Most Recent - Bush Treasury Secretary Paulson endorses Clinton


Hank Paulson, the Republican treasury secretary during the 2008 financial crisis, has endorsed Hillary Clinton


Friday, June 24, 2016  23:12

Yahoo

Business - Oil prices plunge 5 percent as Britain votes to leave EU


By Barani Krishnan and Ahmad Ghaddar NEW YORK/LONDON (Reuters) - Oil prices settled 5 percent lower on Friday after Britain`s vote to leave the European Union spurred massive risk aversion and a rally in safe havens like the U.S. dollar that threatened to cut short a three-month-long recovery in global oil markets. Financial markets have been worried for months about what a British exit from the European Union, dubbed widely as `Brexit,` would mean for Europe`s future, but were clearly not fully factoring in the risk of a `leave` vote. The dollar index jumped about 2 percent, its most since 2008, while sterling collapsed to a 31-year low after British Prime Minister David Cameron, who campaigned to remain in the EU, said he would stand down by October.


Friday, June 24, 2016  20:26

Yahoo

Business - Wall St. opens sharply lower after Brexit vote


(Reuters) - U.S. stock indexes opened sharply lower on Friday after Britain voted to leave the European Union, sparking turmoil in markets unseen since the 2008 financial crisis.


Friday, June 24, 2016  14:46

CNN

Market - Brexit: Is this like the 2008 financial crisis?


The shocking vote by Britain to leave the European Union is creating global market turmoil. Could this be the start of another market meltdown like the collapse of Lehman Brothers in 2008? Or a temporary blip like 1987 or 2011?


Friday, June 24, 2016  14:20

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