Word: frankfurting
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Japan's Nikkei and Hong Kong's Hang Seng indexes fell by 5% or more in overnight trading before ending Tuesday down 4.1% and .85 respectively; exchanges in London, Paris and Frankfurt all opened slumping before winding up 1.7%, .4%, and 2% ahead. Compare that with Monday's 7% drop the Dow Jones and 9.1% slide on the Nasdaq...
...closing bell, they combined with an early 3.5% drop on Mumbai's Sensex and declines in Australia, South Korea, Singapore and the Philippines to darkened moods in Asia. By contrast, London's FTSE 100 reversed its initial dip to post a 1.7% gain for the day, while Frankfurt's DAX surged to end 0.4% up and Paris' CAC 40 finished the session a full 2% higher. Compare those with Monday closings of -5.3%, -4.2%, and -5% respectively...
...lend to some 1,200 scrappy, smaller rivals. This is contributing to the liquidity squeeze. "It's the second- and third-league firms and banks that will be hurt, not the big state-owned or state-controlled ones," says Gunter Deuber, a global-risk analyst for Deutsche Bank in Frankfurt...
...This is not to say Russia should be left alone to deal with things the way that suits it best, but what on earth is the U.S. doing, intervening so frequently when delicate political realities would be much better handled with diplomatic wisdom and reasonable restraint? Gernot Auer, FRANKFURT, GERMANY...
...underpinning our claim to become the leading bank in Germany," a beaming Martin Blessing, 45, told reporters at a news conference in Frankfurt on Monday...