NEWSCLOUD

Media with conscience

We publish the most important stories from around the Web:

  • Keep up with breaking news
  • Join in discussions with other readers
  • Suggest stories for our community
SIGN UP Existing members can sign in here

You were looking for:
Selling stampede shuts Tokyo stock market

"Livedoor, a favorite of small investors, was raided by prosecutors on Monday. The firm is suspected of fudging financial reports and spreading false information to boost its share price. News of the raid extended a sell-off that has wiped out more than $300 billion in shareholder value -- about equal to the gross domestic product of Sweden -- in just three days." Could this precipitate a drying up of Asian funders for the U.S. deficit? That would spur interest rates and recession.

Continue to the story