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Throwing a lifeline to Europe's rapidly sinking economy, the European Central Bank today announced the deepest interest rate cut in its 10-year history, a clear sign that it has made rescuing the economy its top priority. The...
The Bank of England cut interest rates to World War II levels and the European Central Bank made the deepest rate cut in its 10-year history, as Europe's two main central banks moved yesterday to combat a deepening economic...
Europe's stock markets closed modestly lower Thursday, despite hefty interest rate cuts across the continent. Wall Street fell amid further grim corporate and economic news ahead of Friday's crucial U.S. jobs report for November.
NEW YORK (Reuters) - The U.S. dollar fell against the euro on Thursday as some investors lauded the European Central Bank's bolder-than-expected cut as a proactive step to stave off a deep recession in the 15-nation region.
Credit Suisse shakes off early weakness, Philips falls LONDON (MarketWatch) - European shares fell Thursday, paced by drug stocks, as investors took on board expected sharp interest-rate cuts from both the European Central Bank...
NEW YORK (AFP) - Global stock markets failed to get a lift from dramatic interest rate cuts from central banks around the world, and Wall Street shares were hammered as rising job cuts and economic fears hit sentiment.
