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View Full Version : Australia Cuts Rates for First Time Since '09 as Europe's Crisis Hits Asia - Bloomber



NewsWhore
11-01-2011, 04:00 AM
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Boston.com (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFFqCMG6oL0ObGpsOOP9-S9TxzF_A&url=http://www.boston.com/business/markets/articles/2011/11/01/asian_stocks_down_on_europe_debt_plan_doubts/)
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Australia Cuts Rates for First Time Since &#39;09 as Europe&#39;s Crisis Hits Asia (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFAq1lI30u2C1q3D3TDKDJpe3kS6g&url=http://www.bloomberg.com/news/2011-11-01/australia-cuts-rates-for-first-time-since-09-as-europe-s-crisis-hits-asia.html)
Bloomberg
The local currency and government bond yields fell. Trade “is starting to see some effects of a significant slowing in economic activity in Europe, where the prospects are for economic weakness to continue,” Stevens said in a statement. ...
Asian stocks decline (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEs_HzAnsfL0WkK0IGSnVBEKKs7uQ&url=http://www.yourmoneysite.com/news/2011/oct/asian-stocks-decline.html)Bloomberg UTV

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