Asia stocks fall as Europe debt crisis festers (AP)

By admin on November 30th, 2011

Traders and officials from the New York Stock Exchange await the opening of AMR Corp., the parent company of American Airlines, on the floor of the New York Stock Exchange November 29, 2011.  American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday to cut costs and combat soaring fuel prices and dampened travel demand.     REUTERS/Brendan McDermid (UNITED STATES - Tags: TRANSPORT BUSINESS)AP – Asian stocks fell Wednesday after a meeting of Europe’s finance ministers failed to stem fears that the euro currency union is hurtling toward a breakup. Banking stocks slumped after some of the world’s top financial institutions were slapped with a credit rating downgrade.


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