Stocks climb back after steep losses, rate cuts

Oct. 9, 2008

LONDON (Reuters) - Many stock markets rose strongly on Thursday and winners during the recent turmoil, such as the yen and gold, slipped as at least temporary calm returned to markets a day after coordinated global interest rate cuts.

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.

Bernanke says rate cuts are 'feasible'

AUSTIN, Texas, Dec. 1 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday that further reductions in the current lending rate are possible.

British P.M. calls for global stimulus

NEW YORK, Nov. 14 (UPI) -- British Prime Minister Gordon Brown, in the United States for the G20 global financial summit, said Friday he expects the world economy to double in 20 years.

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.

British banks to lower interest rates

LONDON, Nov. 7 (UPI) -- British banks began falling in line Friday to pass on a portion of the Bank of England's interest rate cut to their customers.

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.

China central bank cuts lending rate

BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy.

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.

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.

Bernanke suggests rate cuts are possible

NEW YORK, Oct. 15 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Wednesday further rate cuts weren't out of the question as an upcoming monetary policy move.

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.

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.

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.

British business group calls for rate cuts

LONDON, Aug. 18 (UPI) -- The British Chamber of Commerce warned of more job cuts and called for the Bank of England to cut interest rates Monday.

Grocery price cuts relieve shoppers

LONDON, July 12 (UPI) -- British shoppers say they are happy to be finding some relief in the cost of groceries after supermarkets cut prices on several food basics.