Rand falls on shock SA rate cut
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Interest rates are trimmed to 7.5% by the South African central bank,  but the lack of warning hits the rand and surprises markets.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.
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The United States Federal Reserveâs surprise rate cut stemmed losses on the Asian stock markets but heightened fears of a painful recession.
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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.
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Stocks fell on Friday after stronger-than-expected inflation data fueled concerns the Federal Reserve will stop cutting interest rates, dimming the outlook for the economy and corporate profits.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown
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SYDNEY (Dow Jones)--A bigger-than-expected fall in Australian building approvals in August suggests the Reserve Bank won&#39;t be in a hurry to raise interest rates immediately after the Oct. 9 election.
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Sterling fell sharply on market talk of a very weak house price survey by the Royal Institute of Chartered Surveyors (RICS).
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, in good news for the Federal Reserve as it weighs an interest rate cut.
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Stocks tumbled on Friday after data showed monthly hiring contracted for the first time in four years, fanning recession fears and adding pressure for a Federal Reserve interest-rate cut.
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ABN Amro, the biggest Dutch bank, yesterday announced it would take a one-off â¬790m ($1bn) charge as it slashes 2,850 wholesale banking and back-office jobs, confirming a report in yesterday&#39;s FT.
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Australia&#39;s S&amp;P/ASX 200 Index fell from a record. Coles Myer Ltd. dropped for the second day on concern its second-half earnings announced yesterday don&#39;t justify its share price.
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South Australia would lose almost $235 million in expected GST revenues in the next four-and-a-half years, SA Treasurer Kevin Foley has said.
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Shares in Iamgold Corp. (IMG.TO: Quote, Profile, Research) tumbled on Monday after a rival deal threatened to sink its union with South Africa&#39;s Gold Fields Ltd.
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Recession worries pushed stocks lower on Tuesday, but the decline was shallower than feared as an emergency interest-rate cut by the Federal Reserve helped stabilize global markets after a two-day rout.
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Stocks fell on Wednesday, reversing strong gains after the Federal Reserve slashed interest rates, roiled by fresh worries about more losses in the financial sector on fears big bond insurers will lose their top credit rating.
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South African unions turned down a revised offer of a 7.5 percent pay rise on Friday, ensuring that the country&#39;s biggest strike since the end of apartheid will go into a fourth week.