BUSINESS INTEREST RATE News, Sports, Shopping, Travel information

Reserve Bank Of New Zealand Cuts Interest Rates To 6.5pc - News.com.au
new zealand has slashed its official interest rate by an unprecedented one percentage point in reaction to global financial turmoil and sluggish growth. reserve bank governor alan bollard today lowered the rate to 6.5 per cent, the biggest cut since ...
www.news.com.au

Fed To Bump Up Interest Rate On Bank Reserves
the federal reserve is raising the interest rate it pays commercial banks on excess reserves, helping the central bank battle the credit crisis.
www.usatoday.com

Fed To Bump Up Interest Rate On Bank Reserves
the federal reserve announced wednesday it will boost the interest rate paid to commercial banks on excess reserves, helping the central bank battle the credit crisis.
news.yahoo.com

Financial Crisis 'like A Tsunami' - Bbc News
former federal reserve chairman alan greenspan has called the recent turmoil in the global financial markets a "once in a century credit tsunami". speaking before congress, mr greenspan, who stood down as fed chairman in 2006 after 18 years, said he ...
news.bbc.co.uk

Depository Trust & Clearing Corp. To Buy U.k. Company For $1b - St. Petersburg Times
depository trust & clearing corp., the huge securities clearinghouse with a key hub in tampa, has inked a $965-million deal to buy a counterpart in the united kingdom. by combining with u.k.'s lch.clearnet group ltd., dtcc will become a major trans ...
www.tampabay.com

Bank Of Canada Cuts Interest Rate
toronto -- canada's central bank cut its key interest rate by a quarter-point on tuesday, saying canada needs the stimulus to ward off the effects of a united states already in recession and a global economy heading there.
www.washingtonpost.com

Press Release: Fitch Confirms League 2004-1 Ratings On New Interest Rate Swap Counterparty
fitch ratings-london/frankfurt-23 october 2008: fitch ratings confirmed the ratings of all league 2004-1 ltd.'s floating rate notes following the replacement of the interest rate swap counterparty.
www.nasdaq.com

Greenspan "shocked" At Credit Breakdown - Reuters Uk
washington (reuters) - former u.s. federal reserve chairman alan greenspan told congress on thursday he is "shocked" at the breakdown in u.s. credit markets and said he was "partially" wrong to resist regulation of some securities. despite concerns ...
uk.reuters.com

Retail Sales Edge Down - International Herald Tribune
shoppers barely trimmed their spending in september, even as the world's financial system teetered on the brink of collapse, threatening to drag the economy down with it. the office for national statistics said retail sales fell 0.4 percent last ...
www.iht.com

Meltdown 101: What Are Interest Rate Spreads?
when you go to the bank for a loan, your own credit history isn't the only thing affecting the interest rate. the rate the bank is paying on its own loans factors in, too. this is the idea behind interest rate spreads, which are getting a lot of attention lately as investors monitor the tight credit markets. they're important because they can influence how much you pay on your adjustable-rate ...
www.kentucky.com

New Zealand Central Bank Cuts Interest Rate To 6.5 Per Cent - Summary
wellington - the new zealand stock market fell by more than 3 per cent thursday, following the downward trend on markets worldwide, despite an unprecedented 1-percentage-point cut in the central bank's benchmark interest rate. the nzx50 index ended t...
www.earthtimes.org

Topwrap 10-job Cuts, Carmaker Woes Deepen Recession Fears - Guardian Unlimited
new york, oct 23 (reuters) - bleak outlooks from world carmakers and a barrage of job cuts by major u.s. companies including chrysler and xerox deepened fears of an extended global recession and kept market nerves on edge on thursday. asian shares ...
www.guardian.co.uk

Greenspan "shocked" At Credit System Breakdown - Reuters
washington (reuters) - former u.s. federal reserve chairman alan greenspan told congress on thursday he is "shocked" at the breakdown in u.s. credit markets and that he expects the unemployment rate to jump. despite concerns he had in 2005 that risks ...
www.reuters.com

Fed To Bump Up Interest Rate On Bank Reserves
the federal reserve announced wednesday it will boost the interest rate paid to commercial banks on excess reserves, helping the central bank battle the credit crisis. the move will encourage banks to keep excess reserves at the fed because they will be earning higher interest on that money. that will give the fed more control over interest rates and more leverage to battle the credit ...
www.kentucky.com

Fed To Bump Up Interest Rate On Bank Reserves
the federal reserve announced wednesday it will boost the interest rate paid to commercial banks on excess reserves, helping the central bank battle the credit crisis. the move will encourage banks to keep excess reserves at the fed because they will be...
www.sfgate.com

Job Cuts, Carmaker Woes Deepen Recession Fears - Reuters India
new york (reuters) - bleak outlooks from world carmakers and a barrage of job cuts by major u.s. companies including chrysler and xerox deepened fears of an extended global recession and kept market nerves on edge on thursday. asian shares tumbled ...
in.reuters.com

Record Rate Cut For New Zealand Economy - The Australian
new zealand's central bank cut the official interest rate by a record one percentage point yesterday in the face of global financial turmoil and predicted further cuts to come. the cut to 6.5 per cent is the biggest since the reserve bank of new ...
www.theaustralian.news.com.au

Fed To Bump Up Interest Rate On Bank Reserves
washington -- the federal reserve announced today that it would boost the interest rate paid to commercial banks on excess reserves, helping the central bank battle the credit crisis.
www.post-gazette.com

Europe Round Up - French Business Confidence, Uk Retail Sales Fall; Riksbank Cuts Base Rate
(rttnews) - thursday remained busy in europe with several key statistical data being released from many countries. while a decline was witnessed in french business confidence for october, consumer spending showed resilience in september.
www.nasdaq.com

Japanese Exports, Weak U.s. Earnings Hit Markets Again - Reuters
new york (reuters) - weak japanese export data, bleak outlooks from carmakers and news of job cuts at goldman sachs and chrysler deepened fears of an extended global recession and sent most markets lower again on thursday. sweden and new zealand ...
www.reuters.com