Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Hope for Rate Cut Boosts Global Markets

Oct. 29, 2008
Stocks were mostly higher in Europe and Asia as investors focused on the prospect of interest rate cuts.
Related Stories from UPI.com

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.

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.

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.

Economists say Fed rate cut favors banks

NEW YORK, Feb. 1 (UPI) -- Recent Federal Reserve interest rate cuts are more about saving banks than saving the average U.S. citizen, a New York business analyst says.

Bank of England cuts key interest rate

LONDON, Dec. 6 (UPI) -- The Bank of England, in a reflection of deepening economic concern, has made its first cut in two years of its key interest rate.

Japan interest rate left unchanged

TOKYO, Oct. 31 (UPI) -- Japan’s central bank, responding to continuing volatility in global financial markets, Wednesday left its short-term interest rate unchanged at 0.5 percent.

Britain cuts key interest rate

LONDON, Aug. 4 (UPI) -- Britain's central bank cut its primary interest rate Thursday a quarter of a percent to 4.5 percent to spur the nation's sagging economy.

Polish inflation dips in March to 3.4 pct

WARSAW, Poland, April 14 (UPI) -- Poland's annual inflation rate dipped in March to 3.4 percent from 3.6 percent in February, official figures showed Thursday.

Hungarian inflation rate rises unexpectedly

BUDAPEST, Hungary, April 12 (UPI) -- Hungary's annual inflation rate rose to 3.5 percent in March compared with 3.2 percent hike in February, official figures showed Tuesday.

Hungarian central bank cuts interest rates

BUDAPEST, Hungary, March 29 (UPI) -- The Hungarian central bank said Tuesday it had cut key interest rates by 50 basis points to 7.75 percent.

Hungarian PM raises pressure for rate cut

BUDAPEST, Hungary, Jan. 19 (UPI) -- Hungarian Prime Minister Ferenc Gyurcsany has said he believes recent falls in the inflation rate justify further rate cuts, Hungarian Television reported.

Slovak central bank warns of intervention

BRATISLAVA, Slovakia, Jan. 17 (UPI) -- A senior official in Slovakia's central bank said Monday the bank was still prepared to intervene in the currency markets to weaken the crown.

S.Korea cuts interest rates

SEOUL, Aug. 12 (UPI) -- South Korea's central bank trimmed its key interest rate from 3.75 percent to 3.5 percent Thursday, a move aimed at propping up the flagging economy.

Hungarian inflation falls back in July

BUDAPEST, Hungary, Aug. 11 (UPI) -- Hungary's inflation rate fell to 7.2 percent in July from 7.5 percent in June, official figures showed Wednesday.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch