| From The Australian: Industrial metals slumped overnight as global economic concerns continued to bite. In an attempt to stem the worst global financial crisis since the 1930s, the US Federal Reserve, European Central Bank, Bank of England, Switzerland, Canada and Sweden all lowered official rates by a half-percentage point.
The People’s Bank of China, in what appeared to be the first time it had coordinated with the Group of Seven advanced industrial nations, also lowered its key rate, but by a more modest amount...... Full Article: Source
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