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Australia's central bank cut its benchmark cash rate 100 basis points to 6.0 per cent on Tuesday, a greater-than-expected cut as turmoil in global markets clouded the economic outlook while tightening financial conditions.
• 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...
European Union finance ministers are to meet in Luxembourg for emergency talks on the world's financial meltdown. The ministers from all 27 member states hope to bolster money markets after a day of panic saw huge share index...
Treasury may take £50bn stake in banks | Graphic: The world in turmoil | Iceland faces economic collapse | Icelandic Prime Minister warns nation | Six solutions - and their drawbacks | Comment: Bronwen Maddox | Comment: Simon...
London's index of leading shares was trading up around 50 points at lunchtime, despite sharp falls in a number of the UK's largest banking stocks. Royal Bank of Scotland shares dropped as much as 39pc at one stage on reports...
European Union finance ministers are to meet in Luxembourg for emergency talks on the world's financial meltdown. The ministers from all 27 member states hope to bolster money markets after a day of panic saw huge share index...
