THE near-collapse of US investment giant Bear Stearns and its Federal Reserve bailout has heightened fears that the worst is not over for the spreading global credit crunch
EUROPEAN shares lost 1 per cent overnight as news of emergency financing to Bear Stearns provided the latest evidence of troubles in the financial sector and heightened worries about the fallout from the credit crisis
Stabbed to death ... Heidi Murphy. Photo courtesy of Channel 9