foreign market

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Stocks Even Worse Overseas

US investors rush out of foreign markets

(Newser) - The US stock market has seen its worst year in decades—but things have been even worse in Europe and Asia, the Wall Street Journal reports. While the Dow is down 33% for the year, Germany’s DAX index has fallen 42% and China’s Shanghai Composite has plummeted 64%.... More »

Stradivarius Market Hits High Note

Rush for 300-year-old violins sparks intrigue, drives price to millions

(Newser) - The price of violins by 18th century Italian master Antonio Stradivari has shot through the roof in recent decades, with the instruments now worth 500 times their weight in gold, reports Der Spiegel. Three powerful dealers control a shadowy worldwide market rife with intrigue where frenzied collectors seek out the... More »

Greenback Assaulted at OPEC meeting

Dollar a 'worthless piece of paper,' Iran's president says

(Newser) - Calling it a "small and worthless piece of paper,” Iran’s president today urged OPEC's members to drop the depreciating US dollar as its official currency. Mahmoud Ahmadinejad blamed President Bush for the dollar’s decline and its adverse effects. The comments highlight mounting tension among OPEC members,... More »

Disney Goes Native in New Markets

No more force-feeding US product in India, China, Latin America

(Newser) - The Walt Disney Co., failing in its efforts to sell American product in foreign markets, is retooling its overseas strategy to partner with local players.  With an eye on five enormous markets—India, China, Latin America, Russia, and South Korea—the entertainment icon is abandoning its go-it-alone approach to... More »

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