GLOBAL MARKETS-Stocks dive as rescue bids by Fed, peers fail to calm panicky markets
Stock markets were
routed and the dollar stumbled on Monday after the Federal
Reserve slashed interest rates in an emergency move and its
major peers offered cheap U.S. dollars to ease a ruinous logjam
in global lending markets.
routed and the dollar stumbled on Monday after the Federal
Reserve slashed interest rates in an emergency move and its
major peers offered cheap U.S. dollars to ease a ruinous logjam
in global lending markets.
Posted by Reuters
