Tuesday, December 18, 2007

World stocks slide as US rate cut hopes fade (AFP)



A pedestrian looks at an electronic share prices board in downtown Tokyo.  World stock markets were roiled Monday by worries that resurgent US inflation would reduce the chances for another Federal Reserve interest rate cut to shield the economy from a credit crunch.(AFP/Kazuhiro Nogi)AFP - World stock markets were roiled Monday by worries that resurgent US inflation would reduce the chances for another Federal Reserve interest rate cut to shield the economy from a credit crunch.




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