A flurry of deep central bank interest rate cuts, designed to bolster investor confidence, failed to prevent world stock markets from sliding on Thursday, as the prospect of recession loomed in Europe and the U.S....
LONDON, April 2 - The European Central Bank will make a final interest rate cut in May and move to unconventional measures to stimulate the economy after a smaller than expected reduction on Thursday, economists...
China still has room for further interest rate cuts, according to Zhang Jianhua, director of the research bureau of the People's Bank of China (PBOC).China's consumer price index may end mostly flat this year, said Zhang, adding the CPI is not likely to keep falling in the coming months. Zhang noted the central bank...
WASHINGTON, March 4 - British Prime Minister Gordon Brown on Wednesday called for interest rate cuts and fiscal stimulus around the world. Speaking to the U.S. Congress on a trip to Washington to discuss the...
SEOUL, Oct 27 - South Korea's central bank on Monday delivered its biggest ever interest rate cut and promised other measures to calm the panic that has been driving down financial markets and rapidly eroding...
South Korea's central bank on Monday delivered its biggest ever interest rate cut and promised other measures to calm the panic that has been driving down financial markets and rapidly eroding economic growth...
LONDON --European businesses don't need subsidies or aid, but they do need governments and central banks to boost demand through interest rate and tax cuts, a group of 47 leading European companies said Monday. Meeting...
SHANGHAI, Oct 30 - China's main stock index rose 1.62 percent on Thursday after China cut interest rates for the third time in six weeks. The benchmark Shanghai Composite Index <.SSEC> was at 1,747.634 points...
MEXICO CITY, Oct 9 - Mexico should consider cutting interest rates to ease the effects of a growing financial crisis on the local economy said the country's Finance Minister on Thursday, Mexican newspapers reported. "It...
BANGKOK, Nov 24 - Thailand's economic growth slowed to a seasonally adjusted 0.6 percent in the third quarter, the lowest in three-and-a-half years, due to sluggish investment and weakening exports in the face of the...