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October 6, 2008

China Stocks Decline Most in Seven Weeks; Shenhua Energy Drops

Oct. 6 (Bloomberg) — China’s stocks fell, giving the benchmark index its biggest loss in seven weeks, as commodity prices slumped amid concerns the global credit crisis is widening.
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Power slowly returns to Colombia

Colombia’s electrical grid collapsed Thursday, causing a nationwide blackout that briefly halted stock trading, trapped people in elevators and left authorities struggling to determine the cause. By midday, power was slowly being restored to homes and companies.

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Pressure mounts on WestLB to merge after reporting big trading losses

The troubled German state-run bank lost more than $820 million on speculative trades in the first half of 2007.

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Boston exchange to launch e-platform

The Boston Stock Exchange will launch an electronic exchange next year in partnership with four major financial institutions, in a deal worth about $55 million, according to a source familiar with the situation.

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