US Fed cuts key interest rate

US Fed cuts key interest rate

18.03.2008
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03/18/2008 Northern Rock to cut 2000 jobs
BRITAIN`S ailing Northern Rock bank will cut more than 2000 jobs, or about a third of its workforce, by the year 2011, the lender said today, one month after it was taken into public ownership
03/18/2008 US in `sharp downturn`, not recession
US Treasury Secretary Henry Paulson said today the US economy had turned down sharply but declined to label the situation a recession
03/18/2008 Resources drag on share market
THE big miners weighed on the share market today on the back of weaker commodity prices overnight
03/18/2008 CBA boss sees rates remaining high
COMMONWEALTH Bank of Australia chief executive Ralph Norris has warned interest rates are likely to remain high this year and that the major banks may have to continue to pass on higher fund costs to their customers
Phoenix emerges from failed missions` ashes
Mars mission ... NASA image shows the Phoenix on the planet`s surface / AP
Phoenix emerges from failed missions` ashes   08/01/2008
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