Business News

Sep 29, 2008, 19:10 GMT

Brazilian stock exchange suspends trading after 10 per cent crash

Sao Paulo - For the first time in close to a decade, the Brazilian stock exchange in Sao Paulo had to suspend its activities for half an hour Monday, after its Bovespa index crashed 10.6 per cent. The drop happened at 2:49 pm (1749 GMT), following news of the apparent rejection by the US House of Representatives of the 700- billion- dollar bailout plan devised by the White House for the US economy. Trading resumed, but could be closed down again , most likely for an hour, if the slide reaches 15 per cent. The previous suspension in the Brazilian stock exchange happened on January 14, 1999, in the middle of a foreign exchange crisis that led to a major devaluation of the Brazilian real.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
Walmart and GameStop tussle over videogame prices - The Tech Herald
Up In The Air Featurette: Behind Jason Reitman's Genius - Cinema Blend
Oprah Taking Rachael, Dr. Phil With Her? - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Trading suspended in Sao Paulo Stock Exchange as prices plunge
Brazil stocks tumble as US bailout plan fails (Roundup)
Foreign investment in Sao Paulo Stock Exchange increases tenfold

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

One of the world's leading dog photographers has died at age 13. With links to portfolio of his favorite subjects, including cats, fire hydrants, other dog's asses [Sad]
You are standing in an open field west of a white house, with a boarded front door. You're about to be raped by a huge monster. There is a small mailbox here [Amusing]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint