THE Federal Reserve slashed a key US interest rate by three-quarters of a percentage point today, a substantial cut but smaller than many in financial markets had expected, as part of an effort to hold off a deep recession and financial meltdown
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
