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Report: World Bank to cut interest rates
September 25, 2007The World Bank is to make major cuts in the rates it charges big developing states under a deal to boost aid for poor nations, a published report said Tuesday. As part of a deal, the poverty-fighting bank will contribute as much as $3.5 billion to...
Japan makes no change in interest rate
September 19, 2007Japan’s central bank left its 0.5 percent interest rate unchanged Wednesday on the heels of a hefty half-percentage-point cut by the U.S. Federal Reserve. The 8-to-1 decision on the short-term rate by the Bank of Japan's Policy Board, with former...
U.S. stocks fall day before Fed meeting
September 18, 2007U.S. stock indexes closed down Monday, a day before the U.S. Federal Reserve was to meet to discuss interest rates. The Dow Jones industrial average fell 39.10 points, or 0.29 percent, to close at 13,403.42. The broader Standard & Poor's 500 Index...
