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Central banks pumped more than $11billion (£6.3billion) into money markets today, seeking to ease a credit freeze threatening to tip the world economy into a recession. As the Bank of England rolled over its now-regular...
Japan relies on exports to slowing markets such as the US and Europe Japan has kept its key interest rate at 0.5% for the 20th consecutive month - amid continued worries about the global financial crisis. The spread of the woes...
• Reserve Bank of Australia cuts rates full percentage point • Bank of Japan laves rates unchanged at 0.5% The global financial turmoil continued overnight with more sharp falls in Asia and a shock interest rate cut by...
The stock market yesterday suffered its biggest one-day fall since the crash of October 1987, but that record is unlikely to last very long. At the same time, the European Union is heading into political limbo, with elections...
European stocks shed early gains Tuesday as ongoing fears about the health of the banking system, particularly in Britain, offset hopes that the world's leading central banks will follow Australia's lead and cut interest rates...
