- India Govt. willing to give safe passage to ULFA leaders Baruah, Arabinda Rajkhowa
- China told no guardianship role will be appreciated
- Indian Government says it has a plan to deal with Maoist violence
- India to get state of the art surveillance gear as part of counter-terror cooperation with US
- US-India civil nuclear deal in final stages of completion
- US to give crucial information on Headley-Rana accomplice's 26/11 role to India
Panic selling engulfs European shares
Frankfurt, Oct 10 (DPA) European shares plummeted Friday as panic selling spread from Asia and the United States on renewed fears about the economic fallout from the global credit crisis.
As trading was launched, the benchmark Stoxx 50 had fallen by 7.5 percent to 2120 points after shares on Wall Street dropped to their lowest in five years Thursday and Tokyo's Nikkei index cascaded down by about 10 percent.
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The fresh wave of worries drove up the gold price by more than four percent with the deepening concerns about the economic outlook sending the oil price down by about five percent.
Shares on the London stock market plunged sharply Friday, with the Financial Times Share Index nearly 400 points down, falling to 3,887.7 points.
The plunge of nearly 10 percent saw the FTSE-Index fall below the 4,000-point mark for the first time in five years.
Two days after the government's major bail-out package, bank shares fell dramatically, with Barclays, HBOS and Royal Bank of Scotland among the main losers.
Panic in Latin America, trading suspended in Sao Paulo .
Panic selling engulfs European shares .
Panic, recession worries pull Indian equities down .
Panic grips Assamese in Delhi after Assam serial blasts .
Panic in TV industry as strike halts shoots .