Crisis unabated despite central bank assault
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Investor delight at a concerted central  bank attempt to relieve jammed money markets fizzled out on  Thursday with experts saying the credit crisis would only end  when commercial banks trusted each other again.
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NEW YORK/LONDON  - Central bank officials said market turmoil made a euro zone rate rise far from certain while three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit worries on Friday.
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Poland's central bank kept key interest rates unchanged Wednesday after three straight months of increases, surprising markets that expected a quarter or half percentage point hike.
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The Federal Reserve left its interest rates untouched today for the fourth straight time, holding that a slowing economy will subdue inflation.
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NEW YORK -- Despite turmoil in the financial markets, the art market shows no signs of softening.
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At a time when the Federal Reserve chairman has rock star status, it&#39;s hard to imagine the world&#39;s greatest central bank as an obscure federal agency struggling for its independence.
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Central bankers are in a  holding pattern awaiting clear signs of how the last month of  market upheaval has affected the economy, policymakers said on  Sunday.
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But a rival bid and continuing turbulence in financial markets left the outcome of the worldâs biggest banking battle still uncertain.
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Business & money: Â· Solution is down to central banks, says Bob DiamondÂ· Denies any liquidity black hole at group
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Policy-makers assured nervous investors on Friday that the United States was not heading into recession and recent stock market losses did not warrant central bank intervention.
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The European Central Bank has left interest rates unchanged, playing down fears of a stumbling economic recovery and expressing confidence that
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The Federal Reserve held a key short-term interest rate steady Wednesday, a possible sign the central bank thinks the economy is on solid footing.
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Spanish banks have made a virtue recently of their almost negligible exposure to the US subprime mortgage crisis.
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Northern Rock says it has not yet had to borrow emergency Bank of England cash, as savers are urged not to panic.
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Credit markets took another hit as the  Bank of England bailed out Britain&#39;s biggest casualty so far in  the global credit crunch while policymakers differed over the  best way to restore liquidity to money markets.
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At a time when the Federal Reserve chairman has rock star status, it's hard to imagine the world's greatest central bank as an obscure federal agency struggling for its independence.
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BASEL, Switzerland  - Central bankers are in a holding pattern awaiting clear signs of how the last month of market upheaval has affected the economy, policymakers said on Sunday.