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• Asian markets mixed after big Australia rate cut
SEOUL, South Korea - Asian markets showed signs of life Tuesday as investors cheered a big interest rate cut by the Australian central bank aimed at alleviating the unfolding global credit crisis that has battered global markets. A late rally on Wall ...
• Drought has Aussie farmers trading water
SYDNEY, Australia - For farmer Malcolm Holm, water now is just like a new shovel or tractor — he has to buy it. The amount of water he is allowed to take from nearby Murrumbidgee River has dwindled to nothing for the past three years because of ...
• Global efforts to tackle credit crisis diverge
TOKYO - Hopes for a coordinated interest rate cut among the world's major economies to ease a global credit crunch have been anything but in sync the last couple days in Asia. While the Reserve Bank of Australia cheered regional markets Tuesday by ...
• Stocks turn slightly lower in light trading
Australia’s central bank lowered interest rates by the largest amount since 1992 in a surprise move, and that reignited hopes that others, including the Fed and European Central Bank, might follow suit. Fed Chairman Ben Bernanke is scheduled to ...
• Fed unveils plan to fund some business loans
European stocks shed early gains Tuesday as ongoing fears about the health of the banking system, particularly in Britain, offset hopes that the world’s leading central banks will follow Australia’s lead and cut interest rates aggressively.     ...