Global Shares Plunge as Eurozone Fears Return
TIMES ONLINE: Shares plunged across Britain, Europe and America today over fears that a €750 billion (£650 billion) rescue package may not be enough to stem the eurozone debt crisis.

The FTSE 100 index tumbled by 153.74 points to 5,279.99, a 2.8 per cent fall, while the Dow Jones industrial average fell 163.70 points to 10,619.25 within minutes of opening.

Meanwhile, the euro dipped below the $1.25 level for the first time since March last year, trading 0.4 per cent down at $1.244 — the lowest since November 2008.

The currency has lost ground all week after hitting $1.31 in the wake of the rescue deal announced last weekend by the European Union and IMF, which briefly boosted sentiment. >>> Nic Fildes, Graham Keeley, Francesca Steele | Friday, May 14, 2010

Related / Verbunden:

NZZ ONLINE: Nichts kann die Talfahrt des Euro stoppen: Gemeinschaftswährung auf dem tiefsten Stand seit November 2008 >>> sda/dpa | Freitag, 14. Mai 2010

Filthy Rich and Enjoying Every Minute of It
Filthy rich and proud of it. Photo courtesy of TimesOnline
TIMESONLINE: Stock markets across the world may have tanked last year but that didn’t stop the top performing hedge fund managers from making themselves a huge pile of cash.

In fact, the top 25 made £8.275 billion or an average of $464 million (£331m) each in 2008, according to research by Alpha Magazine. That is enough money to pay for 30 hospitals, employ more than 300,000 nurses for a year, or vaccinate every child in poverty from five preventable diseases.

Anyway, here is the list of the top 10, and how they made their millions (billions). Filthy Rich: The 10 Highest Paid Hedge Fund Managers of 2008 >>> | Tuesday, March 31, 2009