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Australia slashes interest rate 1 percentage point

Oct. 7, 2008
Australia's central bank cut its official interest rate by a bigger-than-expected 1 percentage point Tuesday to ease credit concerns amid a global financial turmoil, cheering investors around the region and lifting Australian stocks into positive territory...
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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.

Mortgage rates drop again

WASHINGTON, Dec. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell dramatically during the week, the Federal Home Loan Mortgage Corp. said Thursday.

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.

Britain prodded reluctant banks on rates

LONDON, Nov. 9 (UPI) -- British bankers had to be strong-armed by Chancellor Alistair Darling into passing along a Bank of England interest rate cut to consumers, sources say.

ECB rate cut falls short, France says

PARIS, Nov. 7 (UPI) -- French Finance Minister Christine Lagarde said the European Central Bank's lending rate cut this week wasn't good enough.

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.

U.S. mortgage rates fall in week

WASHINGTON, Sept. 11 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages dropped significantly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday.

Fixed rates draw most U.S. refinancing

WASHINGTON, Aug. 11 (UPI) -- Borrowers are moving from adjustable- to fixed-rate mortgages even though some fixed rates are higher, a major mortgage broker said Monday.

Bank of England leaves key rate unchanged

LONDON, Aug. 7 (UPI) -- The Bank of England said Thursday it would keep its key interest rate at 5 percent.

Bank of England maintains lending rate

LONDON, July 10 (UPI) -- The Bank of England said Thursday it would keep its key interest rate at 5 percent.

U.S. mortgage rates up slightly last week

WASHINGTON, June 26 (UPI) -- Interest rates for 30-year, fixed-rate mortgages increased modestly in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

Fixed mortgage rates rise in week

WASHINGTON, June 19 (UPI) -- Interest rates for 30-year, fixed-rate mortgages increased in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

U.S. mortgage rates nearly unchanged

WASHINGTON, June 5 (UPI) -- Interest rates for 30-year, fixed-rate mortgages gained slightly in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

U.S. mortgage rates declined last week

WASHINGTON, May 22 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined slightly in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.
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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