HK shares slide 4.2 pct in 5th day of losses October 27th, 2008 * HSI falls below 12,000 points; lowest since mid-2004 * ICBC mauled on slowdown in earnings growth * Energy stocks slump amid extended pullback in crude prices * Guangzhou R&F plunges to life low despite support measures (Updates to midday) By Parvathy Ullatil HONG KONG, Oct 27 (Reuters) - Hong Kong shares were down 4.2percent on Monday, after briefly slipping below 12,000 points, asenergy stocks plunged after an

A trader watches offers in the S&P 500 stock index futures pit at the Chicago Board of Trade October 24. The Group of Seven rich nations will "cooperate as appropriate" to bring stability to battered global markets, finance ministers and central bank chiefs said in a joint statement Monday.

Demystifying the World of Foreign Trading Posted By : Robert Janeway Like any other trade, the point of forex trading is to make money. In some cases, like in the stock market, company stocks or shares are traded to turn a profit. In forex trading, currencies are traded to make profit. A Beginners Guide to FOREX Posted By : Bob Benson FOREX is a word play on the term Foreign Exchange Market. It is a market for buying and selling of currencies from all over the world. Certainly, such transac

The global economic crisis extended its reach into the Gulf states Sunday, as Kuwait suspended trading shares in a major bank and the Saudi authorities announced a plan to help citizens receive credit.

Kuwaiti traders protest as Gulf shares plunge KUWAIT CITY - Kuwaiti traders staged another walkout Sunday and staged a protest outside the stock market as shares in the oil-rich Gulf region plunged in panic over a global recession. The traders, who deserted the stock market on the week's final day Thursday, left the trading chamber after the index dived more than 300 points a few minutes after the opening. About 30 of the traders marched to the nearby council of ministers building where th