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Australia and Japan Make Defensive Moves

Oct. 7, 2008
The Australian central bank cut its key interest rate and the Bank of Japan dampened speculation of coordinated rate cuts by major economies as the global financial crisis deepened.
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Two European banks cut interest rates

LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.

Europe expects rate cuts, more bad news

LONDON, Dec. 3 (UPI) -- European financial markets were braced for large interest rate cuts across the continent in the wake of more bad economic news.

Japan may not cut interest rate further

TOKYO, Nov. 5 (UPI) -- Japan's central bank, which cut its key interest rate to 0.3 percent from 0.5 percent, appeared unlikely Wednesday to cut more as indicated by its governor.

Banks in Britain fail to lower rates

LONDON, Oct. 31 (UPI) -- Half of Britain's banks failed to lower interest rates on adjustable rate mortgages after the Bank of England cut its rate Oct. 8, a research group said.

Japan interest rate cut

TOKYO, Oct. 31 (UPI) -- The Bank of Japan Friday cut its key interest rate to 0.3 percent from 0.5 percent, the first such cut in seven years, to boost Japan's sluggish economy.

Central bank in Norway drops lending rate

OSLO, Norway, Oct. 29 (UPI) -- Norway's central bank, Norges Bank, knocked a half point off its key lending rate Wednesday, dropping the rate down to 4.75 percent.

Central banks poised to cut rates

WASHINGTON, Oct. 28 (UPI) -- Authorities at central banks in Europe and the United States have indicated that lending rate cuts to support the battered global economy may be coming soon.

South Korean interest rate cut

SEOUL, Oct. 27 (UPI) -- The South Korean central bank Monday slashed its key interest rate by 0.75 percent to 4.25 percent to strengthen its economy.

Indian central bank cuts repo rate

NEW DELHI, Oct. 20 (UPI) -- India's central bank Monday slashed the interest it charges on loans to commercial banks by 1 percentage point to 8 percent to spur the economy.

China central bank cuts interest rate

BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks.

Obama, McCain support Fed's rate cut

WASHINGTON, Oct. 8 (UPI) -- The two major party presidential candidates said Wednesday they support U.S. Federal Reserve Chairman Ben Bernanke's decision to lower a key lending rate.

Federal reserve cuts interest rates

WASHINGTON, Oct. 8 (UPI) -- Central banks in Europe, Canada and the United States cut key lending rates in tandem Wednesday morning, the U.S. Federal Reserve announced.

BOJ leaves interest rate unchanged

TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday left its key interest rate unchanged at 0.5 percent, following a similar decision by the U.S. Federal Reserve.

Bank of Japan injects $19B

TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday pumped 2 trillion yen to ease global financial market disruptions caused largely by the collapse of Lehman Brothers.

China's central bank cuts key lending rate

BEIJING, Sept. 15 (UPI) -- China's central bank dropped its key lending rate by 0.27 percent to 7.2 percent, a surprise move that underscores the global financial crisis, analysts said.
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa