Central bankers around the world have taken drastic action to bring stability to jittery stock markets.
In a co-ordinated effort the European Central Bank, the US Federal Reserve, the Bank of England as well as three other national banks lowered their key lending rate by half a percentage point. China also lowered its interest rates in the concerted action. French President Nicolas Sarkozy, whose country holds the European Union presidency, said Wednesday's response would boost the economy and that the EU was also discussing joint action. British Prime Minister Gordon Brown thought similarly. He said that global problems required global action.
(Deutsche Trichet: "US must pass financial bailout plan" ...
Russia blocks EU monitors in Georgia conflict zone ...
Centrica in British Energy deal ...
World central banks move to boost liquidity ...
Fresh record for euro inflation ... Welle)
more info >>
<< Back