Carnival shares fall by 20% after shipwreck

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Source: Marketwatch
Carnival Corp. experienced a sharp drop in share price on Monday trade in London after Costa Concordia ship suffered in crash near the cost of Italy where 5 people died. Company's equities lost 20% and Morgan Stanley downgraded its shares from overweight to equal predicting Carnival Corp. may suffer further loss if investigation proves failure of meeting safety standards. 
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Mon, 16 Jan 2012 16:44:47 GMT

Asian indexes return to stronger correlation

The correlation between two dominating Asian market indexes Nikkei 225 (NKY) and Hang Seng (HI) recovered on January 16, as coefficient jumped to 0.48, after both indexes sharply fell. The link between Japanese benchmark and Shanghai Composite (SHCOMP) also retreated from negative area and reached 0.01. The correlation between Nikkei 225 and USD/JPY currency pair jumped from minus 0.3 to

Mon, 16 Jan 2012 16:42:41 GMT

Nikkei 225 plunges on S&P ratings agency decision

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