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• World stocks down despite central bank cuts
LONDON - Stock markets across the world were lower on Wednesday despite coordinated interest rate cuts by world central banks designed to ease fears about the worst financial crisis in nearly 80 years. Wall Street, however, looked set to open higher ...
• Fed leads round of global interest rate cuts
WASHINGTON - In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. The decision sent ...
• Wall Street looks to recover after global rout
NEW YORK - Wall Street headed for a slightly higher open Tuesday amid hopes that central banks around the world will cut interest rates to help alleviate turmoil in the credit markets. Australia’s central bank cut interest rates by the largest ...
• Oil lower on economic slowdown fears
VIENNA, Austria - Oil prices rose off earlier lows on a rate cut by the world’s major central banks Wednesday, recovering after investor concerns that the U.S. credit crisis was enveloping the globe — and would hurt crude demand — drove prices ...
• U.S.: Airstrike killed 33 Afghan civilians
In a summary of its findings from a detailed investigation, Central Command said 22 militants died in the assault on a village compound intended to kill or capture an unnamed "high-value individual." U.S. Central Command spokesman Rear Adm. Greg ...