AP - NATO defense ministers Friday authorized their troops in Afghanistan to attack drug barons blamed for pumping up to $100 million a year into the coffers of resurgent Taliban fighters.
Pressure on G7 leaders as Wall St. erratic at open (Reuters)
Reuters - Leaders of the world's leading economies confronted a financial system in shambles on Friday as they gathered in Washington with panic selling in the stock markets, credit frozen solid and the world teetering on recession.
Brazil stocks plunge 10 percent in early trading (AP)
AP - Brazil's main stock index plummeted more than 10 percent in early trading Friday after steep declines in Asia, Europe. Other Latin America markets fell sharply as well.
Oil prices dive to one-year lows as stock markets slide (AFP)
AFP - Oil prices slumped Friday to one-year lows under 80 dollars per barrel, striking 75 dollars in London, amid a global equities meltdown that sparked fears over demand for energy, traders said.
Nikkei tumbles 9.6 percent on crisis fears (AP)
AP - Japan's key stock index plunged a stunning 9.6 percent Friday to close out its worst week in history as frantic investors worried about a global recession dumped stocks after huge losses on Wall Street.
Bush Plans Statement Today to `Assure' Nation (Bloomberg)
Bloomberg - Oct. 10 (Bloomberg) -- President George W. Bush will address the nation this morning to tell Americans they should remain ``confident'' amid falling stock markets and a worldwide credit crisis, administration spokeswoman Dana Perino said.
European shares join global plunge as banks tumble (Reuters)
Reuters - European stocks tumbled at the open on Friday, tracking plunges in Asian and U.S. equities as investors feared world governments' attempts to unlock credit markets would not be enough to ward off a global recession.
Stock market collapse raises heat for world action on crisis (AFP)
AFP - Global stock markets spiralled ever deeper into the vortex on Friday as pressure mounted for world leaders to throw up a decisive wall to contain the worst financial inferno since the Great Depression.
Global rout, bank woes roil Wall Street (Reuters)
Reuters - Stocks tumbled on Friday, sending the benchmark S&P 500 below 900 for the first time in five years, as ebbing appetite for risk fueled a global share sell-off on fears tighter credit would spawn world recession.
What it would take to trigger stock market timeout (AP)
AP - As harrowing as the stock market's plunges have been in recent days, they still haven't been enough to trigger the "circuit breaker" mechanisms that result in an automatic timeout in trading.
Wall St. slides on global rout, bank woes (Reuters)
Reuters - Stocks slumped at the open on Friday, with the benchmark S&P 500 falling below the 900 mark, as fears that tighter credit may send the global economy into recession slashed the appetite for risk.
Snowballing sell-off spreads worldwide (AP)
AP - Stock prices careened lower Friday Asia and Europe, extending a stampede of selling that began in on Wall Street a day earlier, deepening a global financial crisis that has defied all efforts to stop it.
Swaggers turn to shudders a year after market high (AP)
AP - Just a year ago, investors were swaggering as the stock market surged to an all-time high. Now, almost everyone on Wall Street and Main Street seems to be shuddering amid a frightening reversal of fortune that has erased $8.3 trillion in shareholder wealth in the past 366 days.
Asian stocks dive in crisis of confidence (AFP)
AFP - Asian stock markets went into a tailspin Friday, with Tokyo diving 11 percent at one point as fears grew that the financial crisis is spiralling out of control, dealers said.
World stocks slump on Dow open (AP)
AP - Europe's stock markets plunged Friday after Wall Street opened a breathtaking 7 percent lower — below the 8,000 level — but they soon recouped some of those losses when the Dow Jones index made a partial comeback.
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