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KAI mass producing FA-50 fighters
LONDON, Feb. 26 (UPI) -- Stock indexes were lower around the globe Tuesday, falling sharply in Japan where a stronger yen jolted the export-oriented economy.
The Nikkei 225 index in Tokyo dropped 2.26 percent Tuesday to 11,398.81. In China, the Shanghai composite index gave up 1.4 percent while the S&P/ASX 200 in Australia dropped 1.03 percent.
The Hang Seng index in Hong Kong shed 1.32 percent. In India, the business community is jittery in advance of a new federal budget. The Sensex index in Mumbai, near a three-month low, lost 1.64 percent to 19,015.14.
Markets were off sharply in Europe, as well.
The FTSE 100 in Britain dropped 1.34 percent, partly in reaction to Monday's hard drop in U.S. markets.
Italian markets led declines in Europe, however, after Prime Minister Mario Monti was clobbered in national elections this week.
Italy's FTSE MIB index dropped 4.89 percent while the DAX 30 in Germany was off 2.27 percent. The CAC 40 in France fell 2.67 percent while the Stoxx Europe 600 gave up 1.32 percent.
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Agusta Westland's bids for utility helicopters for India's navy and coast guard will remain, despite the company being investigated over bribery allegations in another contract.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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