THE International Monetary Fund (IMF) has slashed its forecast for world growth next year and says the recovery from the global financial market crisis will be gradual when it eventually comes
EUROPEAN stock markets closed with heavy losses of between 5.0 and more than 6.0 per cent overnight as investors brushed aside central bank efforts to counter the global financial crisis
CENTRAL banks around the world launched co-ordinated interest rate cuts overnight in a new gamble to counter the global financial crisis as Britain launched a massive rescue of its banking system
AUSTRALIAN investors face a nervous wait today to see what impact a coordinated action worldwide by central banks to slash interest rates might have on financial markets
US stocks zigzagged today after the Federal Reserve joined a global coordinated interest rate cut in an extraordinary bid to ease credit and calm roiling markets
JAPANESE Prime Minister Taro Aso today said the plunge on the Tokyo stock market was "beyond our imagination" after it shed almost 10 per cent, and added he had "huge fears" for the future of the economy
No bones about it ... the ferocious Tyrannosaurus rex might have had relatives in Australia - and bones dug up in a pit in outback Queensland could provide the first skeletal evidence.
