Financial Crisis

... Pummels Stocks

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Investors have not been bowled over by government intervention.

World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth.

London's key UK share index lost 7.85% - its biggest percentage fall since 1987 and...

in Paris the Cac-40 suffered its largest fall on record.

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"Investors are cleaning out portfolios and getting rid of everything because nothing seems to be working."

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Source: BBC News