EUROPEAN stock exchanges staged strong rallies overnight, a day after falling sharply on global financial fears, with the London FTSE 100 index soaring 3.54 per cent to 5605.80
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
