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Business News

Change in Bank Rules Helps Lift Stocks

Apr. 2, 2009
Stocks around the world rose sharply on an interest-rate cut in Europe, tweaks to U.S. accounting standards and hopes for the global economic summit meeting.
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Japan interest rate cut to 0.1 percent

TOKYO, Dec. 19 (UPI) -- Japan's central bank cut the key interest rate to 0.1 percent from 0.3 percent Friday to bolster the economy and arrest the yen's appreciation.

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.

Euro falls on rate-cut speculation

LONDON, June 23 (UPI) -- News that a top Bank of England official is pushing for an interest rate cut added to downward pressure Thursday on the euro's value.

Hungary leaves key interest rates steady

BUDAPEST, Hungary, Aug. 2 (UPI) -- The Hungarian central bank left key interest rates unchanged at 11.5 percent Monday.

U.S. interest rate fears hurt Asian stocks

TOKYO, May 10 (UPI) -- East Asian stocks tumbled Monday amid fears interest rates in the world's strongest economy are about to rise and threaten global economic prospects.

Hungary cuts key interest rate

BUDAPEST, Hungary, April 5 (UPI) -- The Hungarian central bank cut its key interest rates by 25 basis points Monday in a move widely expected by the financial markets.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler