Australia cancel Pakistan tour over security fears

In a big setback to Pakistan Cricket board, after India, Australia has also decided not to tour Pakistan on security fears. Australia was supposed to tour Pakistan to play a five-match one-day series and a Twenty20 game but canceled its proposed tour because of lingering...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Asian markets continue to slide; Nikkei down 414pts

Asian markets are once again down deep into red despite some bounce back on the Wall Street. Asian stock markets suffered fresh losses on Friday as fears grew that the financial crisis is taking a heavy toll on corporate earnings in the region. " ASIAN stock markets...

Global equity market sell off deepens

The growing economic woes accelerating around the world has forced  economic activity weakening across the world and even European stock markets have plunged. London's FTSE 100 Index opened more than 5 per cent down, on top of a fall of more than 7 per cent...