Iran interest rate cut sparks panic
675990
President defies expert advice with shock order that leads to plummeting bank shares.
562442
Hungaryâs central bank unexpectedly cut its benchmark interest rate, the European Unionâs highest, for the first time since 2005 after inflation slowed. Policy makers, led by the central bankâs governor, Andras Simor, left, cut the two-week deposit rate a quarter-point, to 7.75 percent, after holding it since October. A leveling of wage growth also persuaded rate setters to lower borrowing costs, Mr. Simor said. Hungaryâs annual inflation rate has quadrupled in the last year as Prime Minister Ferenc Gyurcsanyâs government raised taxes and utility bills. Inflation excluding food and energy prices slowed for a second month in May, and an easing of pressures in the labor market reduced concern that prices would rise faster than the inflation target in the medium term.
32171
The central bank took the axe to interest rates again, but recession fears still spooked investors.
746960
Iranâs refusal to suspend uranium enrichment rattled investors and tempered a tech rally spurred by a strong outlook from the chip maker Analog Devices.
712613
Interest rates must be cut to avoid following the US into a slowdown, warns one MPC member
620541
Fears grew on Saturday that panic among savers at British bank Northern Rock will see a run of withdrawals after reports that 1 billion pounds ($2.01 billion) had already been taken out.
34053
ACROSS the Euro-zone last week there were tell-tale signs of panic setting in. To the evident worries of the euro being forced to further record highs against the dollar, were added grim evidence by the weekend of a sharp economic slowdown.
135931
The Federal Reserveâs surprise rate cut stemmed a fall in the Asian markets Wednesday but heightened fears of recession. Stocks in Europe were down slightly.
104972
Iran is to move its foreign currency reserves from dollars to euros as the US continues to press for sanctions against Tehran.
523566
Jitters over a slowing US economy intensified yesterday with the release of weaker-than-expected retail sales figures for August, further raising expectations that the Federal Reserve board will cut interest rates next week for the first time in four years.
346435
There is anger and frustration in Iran after a surprise government move to ration petrol for motorists.
490070
The Federal Reserve cuts US interest rates from 4.25% to 3.5%, to boost confidence after stock market slides.
663906
The US Federal Reserve minutes say there is a risk of a situation that will require 'substantial' rate cuts.
234256
The US Federal Reserve slashed its key federal funds short-term interest rate by three quarters of a percentage point to 3.50 percent Tuesday amid sharp falls on global stock markets.
455742
The Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a hefty three-quarters of a percentage point in an emergency bid to lend support to a weak U.S. economy faced with increasing turmoil in global financial markets.
338775
China's central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb fears of runaway inflation.
130871
Ben S. Bernanke and his colleagues at the Federal Reserve will decide today whether to cut interest rates for the second time in a week -- and find themselves in the difficult position of having either to risk cutting rates too much or risk disappointing financial markets and spurring more panic.