BENDIGO Bank has followed Australia`s major lenders in passing on an 80 basis points cut to its variable home loan rate after the Reserve Bank of Australia`s surprise 100 basis point cut to the official cash interest rate
OIL prices rebounded today after Libya called on crude producers to cut output to protect their incomes if the market continued trading at current levels
BRITAIN was set to announce a rescue package for its ailing banking industry before markets open later today, after shares in some of its leading banks plunged on concerns they were short of capital
THE European Central Bank today pumped $70.43 billion into money markets and said it would double to $95.17 billion the amount of the single European currency it would lend for six months as it tried to ease a tightening credit crunch
THE Federal Reserve must consider whether its current interest rate policy "remains appropriate" in view of exceptional market turmoil, chairman Ben Bernanke said today amid swirling speculation about a need for rate cuts
