Sydney - A big fall on Wall Street saw Australian stocks droop on the opening bell Thursday.
The ASX 200 gave up 171 points, almost 4 per cent, to 4,165 as investors took their lead from the US market rather than an upbeat assessment by Finance Minister Lindsay Tanner.
Washington - Even in bitter defeat, Republicans joined Democrats in celebrating Barack Obama's historic achievement of becoming the first African American to become president of the United States.
President George W Bush, whose vast unpopularity coupled with the falling economy prompted the voter backlash against Republicans that likely cost John McCain the election, couldn't help but praise Obama on Wednesday for breaking the racial barrier and overcoming more than two centuries of discrimination.
New York - Wall Street delivered its worst-ever post- election session Wednesday as major stock indices lost more than 5 per cent, one day after the US market's biggest-ever election day gains.
Tuesday trading saw gains of more than 3 per cent on Wall Street, even as voters were choosing Democrat Barack Obama over Republican John McCain for a four-year presidential term starting in January.
Washington - Americans formed long lines Wednesday to buy souvenir newspapers after Barack Obama's ground-breaking election as the nation's first black president.
But many went disappointed after the Washington Post, the New York Times, Chicago Tribune and other papers failed to raise their press runs enough to meet the demand.
Sydney - A big fall on Wall Street saw Australian stocks droop on the opening bell Thursday.
Washington - Even in bitter defeat, Republicans joined Democrats in celebrating Barack Obama's historic achievement of becoming the first African American to become president of the United States.
New York - Wall Street delivered its worst-ever post- election session Wednesday as major stock indices lost more than 5 per cent, one day after the US market's biggest-ever election day gains.
Brussels - Europe's leaders have already said that they want the world's greatest powers to create a new brand of capitalism.
Washington - Americans formed long lines Wednesday to buy souvenir newspapers after Barack Obama's ground-breaking election as the nation's first black president.
