澳洲新闻 (ABC新闻快递) 2011-08-21
时间：2011-10-10 03:44:20
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Stock markets across globe have finished lower, prompted by fears of another global recession. In the US, stocks seesawed1 through the session before closing lower. The Dow fell 173 points to finish around 1.6 per cent lower. European stocks closed down as recession fears and global growth concerns continued to spook investors2. The FTSE in London fell 51 points to finish 1 per cent lower. And in Asia, the Hang Seng also ended the week lower, falling just over 3 per cent.
And back home, the Australian share market
slumped3 3.5 per cent on close, seeing around $40 billion wiped off the value of the market. The All Ords index slumped 3.4 per cent. And the Australian dollars is currently
hovering4 around 104 US cents.
Ratings agency Standard & Poor's says it's confident it will maintain France's AAA credit rating.
Rumours5 that the country could face a downgrade had made the markets
jittery6. But the S&P says it's confident in France's top-notch rating. Earlier this month, the agency cut the credit rating of the US from AAA to AA+ for the first time in its history.
Bank of America is cutting 3,500 jobs this quarter as it grapples with $1 trillion problem-loan
portfolio7 and growing economic concerns. The cuts are expected to be completed by the end of September. Bank of America is the biggest bank in the US with around 280,000 employees.
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