GLOBAL MARKETS

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Dow Declines 512 Points, Zaps Investor Confidence

Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
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Apple retail store in upper west side, New York City

Apple Aggressive in Defending Own IP: Analyst

Apple Inc. is being aggressive defending its own IP with well publicized suits against Samsung and HTC, Barclays Capital said. Key companies in the wireless arena including Apple and Google continue to acquire and invest in IP to cement their positions.
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Canada says G20 monitoring global economy

Canadian Finance Minister Jim Flaherty said on Wednesday he has been having discussions with his Group of 20 colleagues about the global economic situation, which has been hit by U.S. and European debt fears.
A South African child holds a 50 rand note in a file photo

S.Africa bonds up sharply, stocks at 5-week lows

South African government bonds rallied sharply on Wednesday and the yield on the benchmark note fell to 9-month lows as a gloomy global economic climate cast a shadow on the domestic outlook.
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Moody's outlook means downgrade possible in 12-18 mths

Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
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SABMiller expands in China in $47 million move

SABMiller , the world's second largest brewer, moved to expand further in China on Tuesday by increasing its stakes to 100 percent in two brewers in the central Chinese province of Zhejiang for $47 million in cash.

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