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RTRS: UPDATE 2-Global rate cuts helps ease o/n interbank rates
  08 Oct 19:30
 
* Overnight lending rates ease on coordinated rate cuts

* Sterling rates also capped by sweeping UK bank plan

* But term funding still costly; 3-mth dlr near recent highs

(Updates with reaction to coordinated rate cuts Libor fixes)

By Jamie McGeever

LONDON, Oct 8 (Reuters) - Overnight interbank lending rates fell on Wednesday on emergency coordinated interest rate cuts around the world, but the cost of borrowing longer term remained stubbornly high...
 
BLBG: Treasuries Gain as Fed Cut Fails to Alleviate Recession Concern
  08 Oct 19:20
 
By Dakin Campbell

Oct...
 
MW: U.S. stocks brush off opening losses to tilt higher
  08 Oct 19:16
 
By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) - U...
 
BLBG: Fed, ECB, Central Banks Cut Rates in Coordinated Move (Update3)
  08 Oct 19:16
 
By Scott Lanman



Oct...
 
MW: Gold rallies anew on inflation fears amid rate cuts
  08 Oct 19:16
 
By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Gold futures extended its recent rally by nearly $40 Wednesday as investors sought refuge against inflation after major central banks around the world cut interest rates in concert...
 
RTRS; Dollar extends losses vs yen as U.S. futures cut gains
  08 Oct 19:10
 
NEW YORK (Reuters) - The U...
 
RTRS: Oil down nearly $2 after recovery on rate cuts
  08 Oct 19:09
 
By Joe Brock

LONDON (Reuters) - Oil prices on Wednesday fell nearly $2, unable to sustain a brief bounce that followed a global round of emergency interest rate cuts to try to shore up the world economy...
 
ND: Gold Soars As Traders Seek Safety Investment
  08 Oct 19:08
 
Gold prices soared again Wednesday as the global financial woes sent traders swarming to the safety of the precious metal again...
 
MW: U.S. stock indexes start lower after global rate cuts
  08 Oct 19:08
 
By Kate Gibson

NEW YORK (MarketWatch) - U...
 
AP: US dollar mixed in Europe
  08 Oct 18:54
 
The U...
 
BLBG: Oil Falls, Giving Up Rebound That Followed Interest Rate Cuts
  08 Oct 18:53
 
By Grant Smith

Oct...
 
GN; UAE Central Bank cuts repo rate to 1.5 per cent, matching Fed move
  08 Oct 18:52
 
Dubai: The United Arab Emirates Central Bank cut its benchmark repo rate by a 0...
 
MW: China's central bank cuts interest rates
  08 Oct 18:52
 
By Polya Lesova

NEW YORK (MarketWatch) -- China\'s central bank slashed Wednesday its one-year benchmark lending and deposit interest rates by 27 basis points and the reserve requirement ratio by 50 basis points...
 
MC: Gold may touch $930-940/oz in near-term: Karvy Comtrade
  08 Oct 18:51
 
Ashok Mittal, Vice President, Karvy Comtrade sees gold prices to go to about USD 930-940 per ounce range in the near-term...
 
AP: There's upside in dollar's downside
  08 Oct 18:41
 
There\'s good reason to celebrate the fall in our currency

OUR commodity-focused currency became the latest punching bag for currency markets yesterday, dropping almost three cents in half an hour as overseas investors baled and the short sellers piled in...
 
RTRS: FOREX-Dollar extends losses vs yen as US futures cut gains
  08 Oct 18:40
 
NEW YORK, Oct 8 (Reuters) - The U...
 
MW: Dollar dips after central banks stage coordinated rate cuts
  08 Oct 18:40
 
By Nick Godt

NEW YORK (MarketWatch) -- The dollar fell against major currencies early Wednesday, failing to hold onto gains in the immediate wake of a coordinated move to cut interest rates by the three main central banks...
 
TM: Rate Cuts By Major Central Banks Likely To Result In Volatility
  08 Oct 18:35
 
(RTTNews) - If the performance of the U...
 
BLBG: Australian, New Zealand Dollars Fall to Lowest in Five Years
  08 Oct 18:34
 
By Lilian Karunungan and Candice Zachariahs

Oct...
 
BLBG: Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks
  08 Oct 18:34
 
By Ye Xie and Kim-Mai Cutler



Oct...
 
AP: Interest rate cuts too late for regional markets
  08 Oct 18:33
 
Six central banks around the world – including the US Federal Reserve, The European Central Bank, and the Bank of England – cut interest rates by half a percentage point today in a bid to halt sliding stock markets...
 
MW: IMF sees major global economic downturn
  08 Oct 18:32
 
Crisis puts policymakers \'between a rock and a hard place\'


WASHINGTON (MarketWatch) -- The world economy has entered a \"major downturn\" with significant risks that it could get worse, the International Monetary Fund said Wednesday in its annual World Economic Outlook...
 
BLBG: Copper Pares Drop, Aluminum Rises After Central Banks Cut Rates
  08 Oct 18:28
 
By Claudia Carpenter

Oct...
 
BLBG: Gold Advances in London as Investors Seek Haven From Turmoil
  08 Oct 18:27
 
By Stuart Wallace

Oct...
 
AFP: Commodities recap - evening of 8th Oct, 2008
  08 Oct 18:27
 
Bullions rallied as investors rushed to buy safer assets to seek refuge from the worst financial crisis in nearly 80 years...
 
MW: Fed, major central banks slash rates
  08 Oct 18:26
 
By William L...
 
MW: Crude down after global rate cuts
  08 Oct 18:26
 
By Polya Lesova, MarketWatch


NEW YORK (MarketWatch) -- Crude-oil futures fell in volatile trading early Wednesday, playing off the coordinated move of the Federal Reserve and other central banks to slash interest rates, as traders await fresh data on U...
 
BLBG: Oil Rebounds From 10-Month Low After Central Banks Cut Rates
  08 Oct 18:24
 
By Grant Smith

Oct...
 
FBS: COMMODITIES-Rate cuts fail to halt commodities slide
  08 Oct 18:07
 
By Nigel Hunt

LONDON, Oct 8 (Reuters) - A coordinated round of rate cuts by leading central banks failed to halt the downward march of prices on Wednesday for oil, copper and many other commodities, hit hard by turmoil in financial markets...
 
BLBG: U.S. Stock Futures Rise, European Shares Pare Drop on Rate Cuts
  08 Oct 17:56
 
By Michael Patterson

Oct...
 
BLBG: U.S. stock futures rise on coordinated cuts
  08 Oct 17:55
 
By Steve Goldstein, MarketWatch

LONDON (MarketWatch) -- U...
 
PTI: Gold rises to all-time high of Rs 13,745
  08 Oct 17:54
 
Gold prices rallied to an all-time high of Rs 13,745 in early trade on the bullion market in Mumbai on Wednesday on hectic stockists buying prompted by higher global advices as well as festival demand...
 
RTRS: BOJ says strongly supports coordinated rate cuts
  08 Oct 17:53
 
Oct 8 (Reuters) - The Bank of Japan, which did not join coordinated easing undertaken by the world\'s major central banks on Wednesday, said it strongly supported the latest move...
 
  08 Oct 17:53
 
By Humeyra Pamuk

LONDON (Reuters) - Gold held onto its gains on Wednesday as investors sought safer assets despite a coordinated rate cut by the world\'s biggest central banks to calm battered financial and equities markets...
 
RTRS: World stocks down despite central bank cuts
  08 Oct 17:52
 
By Jeremy Gaunt, European Investment Correspondent

LONDON (Reuters) - 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...
 
DJ PRECIOUS METALS: NY Gold Seen Up $21, Silver Up 42 Cents
  08 Oct 17:52
 
DOW JONES NEWSWIRES


December gold futures are expected to open floor trading in New York around
$21 an ounce higher Wednesday, based on electronic activity ahead of the pit
session at the Comex division of the New York Mercantile Exchange...
 
DJ BASE METALS: Comex Copper Seen 7 Cents Lower At Pit Open
  08 Oct 17:51
 
DOW JONES NEWSWIRES


December copper futures are expected to open floor trading around 7 cents a
pound lower Wednesday, based on electronic activity ahead of the pit session on
the Comex division of the New York Mercantile Exchange...
 
RTRS: Oil recovers from 10-month low, U.S. leads rate cuts
  08 Oct 17:50
 
By Joe Brock

LONDON (Reuters) - Oil touched a 10-month low and was down by around $3 a barrel on Wednesday as expectations mounted that the worst international financial crisis since the 1930s would have a major impact on demand for fuel...
 
MW: Treasury yields rise after global rate cuts
  08 Oct 17:50
 
By Polya Lesova


NEW YORK (MarketWatch) -- U...
 
MW: Gold rallies over $20 after Fed cuts rate
  08 Oct 17:48
 
By Moming Zhou

NEW YORK (MarketWatch) -- Gold futures rallied more than $20 Wednesday, pushing up by a weakening dollar after the U...
 
BLBG: Fed, ECB, Central Banks Cut Rates in Coordinated Move (Update2)
  08 Oct 17:48
 
By Scott Lanman



Oct...
 
AFP: Economic Indicators Signal a Major Collapse Ahead
  08 Oct 17:24
 
Last week\'s 700 plus point drop in the Dow seems like a distant memory and a much bigger sequel looks to be in the works...
 
RTRS: UPDATE 6-Copper narrows losses after central banks cut rates
  08 Oct 17:24
 
* Copper narrows losses as central banks cut rates
* Earlier, metals fell more than 3 percent across the board
* Fears of global recession grow

(Recasts, updates prices, adds comments)
By Anna Stablum
LONDON, Oct 8 (Reuters) - Copper trimmed losses as central
banks cut interest rates worldwide on Wednesday after the metal
had fallen more than 7 percent on fears over the health of the
global economy...
 
BLBG: British Banks Get Unprecedented Government Bailout (Update1)
  08 Oct 17:22
 
By Ben Livesey and Jon Menon



Oct...
 
BLBG: Dollar Falls Versus Euro on Joint Rate Cuts by Central Banks
  08 Oct 17:22
 
By Ye Xie



Oct...
 
BLBG: Fed, ECB, Central Banks Cut Rates in Coordinated Move (Update1)
  08 Oct 17:22
 
By Scott Lanman



Oct...
 
BLBG: U.S. Stock Futures Rise, European Shares Pare Drop on Rate Cuts
  08 Oct 17:21
 
By Michael Patterson

Oct...
 
FXS: OPEC may need to consider output cut-Iraq minister
  08 Oct 17:20
 
ANTALYA, Turkey, Oct 8 (Reuters) - OPEC may need to consider cutting oil output if the price of crude remain below $90, Iraqi Oil Minister Hussain al-Shahristani told Reuters on Wednesday...
 
AFP: Crude Oil price falls unsettling Nigerian financial planners
  08 Oct 17:19
 
Nigeria’s budget makers have nursed fears that the plummeting oil prices might weaken ridges for the Nigerian 2009 financial plan, which would soon be sent to the National Assembly for deliberation...
 
BLBG: U.K. Pound Advances Against Dollar After Coordinated Rate Cuts
  08 Oct 17:18
 
By Agnes Lovasz

Oct...
 
RTRS: Stock futures leap as central banks slash rates
  08 Oct 17:17
 
NEW YORK (Reuters) - Stock index futures turned positive on Wednesday after the Federal Reserve slashed interest rates in concert with other global central banks to calm markets...
 
AP: Nickel investigates transfer of exploration assets
  08 Oct 17:17
 
MOSCOW -
Mikhail Prokhorov\'s holding company, Onexim, has officially confirmed that Prokhorov will not proceed with the asset division agreement he signed on September 14 with former partner, Vladimir Potanin...
 
RTRS: Oil touches 10-month low, demand seen falling
  08 Oct 17:16
 
By Joe Brock

LONDON (Reuters) - Oil touched a 10-month low and was down by around $3 a barrel on Wednesday as expectations mounted that the worst international financial crisis since the 1930s would have a major impact on demand for fuel...
 
BLBG: South Africa's Rand Declines to Six-Year Low on Growth Concern
  08 Oct 17:16
 
By Janice Kew

Oct...
 
MN: Zinc price decline squeezes China smelters, mines
  08 Oct 17:16
 
Falling zinc prices have reportedly forced 60% of China\'s zinc mines to close, as smaller smelters are driven out of action and bigger ones cut production...
 
RTRS: US STOCKS-Futures leap as central banks slash rates
  08 Oct 17:15
 
NEW YORK, Oct 8 (Reuters) - U...
 
BLBG: FTSE 100 Falls; Drop in Energy Shares Overshadows Bank Bailout
  08 Oct 17:15
 
By Sarah Thompson

Oct...
 
BLBG; Oil Rebounds From 10-Month Low After Central Banks Cut Rates
  08 Oct 17:14
 
By Grant Smith

Oct...
 
BLBG: Gold Gains in London as Investors Seek Haven From Stock Markets
  08 Oct 17:14
 
By Stuart Wallace

Oct...
 
AP: Playing the Market in Difficult Times
  08 Oct 17:13
 
My portfolio has taken a beating this year as gold stocks have fallen off the cliff...
 
AFP: USD Trading Outlook: New York Open for October 8, 2008 by Global View
  08 Oct 17:11
 
* The meltdown in equity markets following the sharp sell-off in U...
 
BS: Sensex ends down 367pts; Ranbaxy soars 9%
  08 Oct 17:10
 
The Sensex opened with a negative gap of 379 points at 11,316 on the back of negative cues from the overseas markets amid rising fears of a significant slowdown in the global economy...
 
PTI: Gold rallies to record Rs 13,850 per 10 gram
  08 Oct 17:09
 
New Delhi, Oct 8 (PTI) Gold prices zoomed to an all-time high of Rs 13,850 per 10 gram in the national capital today as plunging stock markets and deepening global financial crisis spurred demand for the metal as a safe hedge...
 
BLBG: Australian, New Zealand Dollars Fall to Lowest in Five Years
  08 Oct 17:08
 
By Lilian Karunungan and Candice Zachariahs

Oct...
 
BLBG: Treasuries Rise as Central Banks Coordinate Rate Reductions
  08 Oct 17:07
 
By Dakin Campbell and Bo Nielsen

Oct...
 
RTRS: Base Metal Prices-Mumbai-Oct 8
  08 Oct 17:07
 
Oct 8 (Reuters) - Wednesday\'s Prices in rupees per tonne at
the Bombay Metal Exchange:
Wednesday\'s Previous
Copper wire bars (HCL*) 372,000 375,000
Aluminum ingots 129,000 130,000
Zinc slab 99,000 100,000
Lead ingot 103,000 103,000 Tin
slab 975,000 1,000,000 Nickel
Cathode 850,000 850,000 SCRAP
Copper cable scrap 344,000 347,000
Copper heavy scrap 340,000 343,000
Copper armeture 338,000 340,000
Copper utensil scrap 320,000 322,000
Copper sheet cutting 334,000 338,000
Brass utensil scrap 242,000 247,000
Brass sheet cuttings 255,000 256,000
Aluminum utensil scrap 105,000 107,000
September October
Final basic price Provisional
price CC Copper rods (HCL*) 363,854
353,495 Copper cathode (HCL*) 359,280
348,658 * Hindustan Copper Ltd...
 
TOI: Markets recover slightly, gold on a new high
  08 Oct 17:07
 
MUMBAI: Select buying in index heavyweights by domestic institutions helped benchmarks pull back from the day’s lows but midcaps and smallcaps co

ntinued to remain under pressure...
 
BLBG: China Cuts Interest Rate for 2nd Time in Three Weeks (Correct)
  08 Oct 17:06
 
By [bn:PRSN=1] Li Yanping []



(Corrects to basis from percentage point in third paragraph...
 
MW: London shares rebound after global rate cuts
  08 Oct 17:03
 
By Sarah Turner, MarketWatch

LONDON (MarketWatch) -- Shares in London rebounded from near five-year lows on Wednesday, after central banks around the world cut interest rates...
 
RTRS: Gold jumps 3 percent as investors rush to safety
  08 Oct 17:03
 
By Humeyra Pamuk

LONDON (Reuters) - Gold rallied more than 3 percent on Wednesday as investors rushed to buy safer assets while the worst financial crisis in nearly 80 years battered stock markets across the globe...
 
MW: Fed, major central banks slash rates
  08 Oct 17:02
 
By William L...
 
MW: Fed, BOE, ECB, others cut interest rates
  08 Oct 17:00
 
By William L...
 
BLBG: Pound Falls Against Euro as Production Drops, Banks Hold Talks
  08 Oct 11:16
 
By Agnes Lovasz

Oct...
 
BLBG: South African Rand Trades Near Six-Year Low Against Dollar
  08 Oct 11:15
 
By Janice Kew

Oct...
 
BLBG: Malaysian Ringgit Falls on Stock Slump as Credit-Crisis Deepens
  08 Oct 11:07
 
By David Yong

Oct...
 
AFP: Gold prices climb amid financial uncertainty
  08 Oct 11:06
 
NEW YORK (AP) - Gold prices kept rising Tuesday, approaching $900 an ounce after another day of turmoil in financial markets encouraged buying of safe-haven assets...
 
BLBG: Oil Trades Below $90 on Demand Slump, Worsening Credit Crisis
  08 Oct 11:06
 
By Nesa Subrahmaniyan

Oct...
 
BLBG: Gold Falls as Stronger Dollar May Undermine Bullion as Asset
  08 Oct 11:05
 
By Feiwen Rong

Oct...
 
BLBG: Copper Pares Decline as Drop to 20-Month Low Attracts Buyers
  08 Oct 11:03
 
By Glenys Sim

Oct...
 
MSN: Bullion lending by central banks all but dries up
  08 Oct 11:03
 
By Javier Blas in London , Financial Times, 7 Oct 2008
Central banks have all but stopped lending gold to commercial and investment banks and other participants in the precious metals market, in a move that on Tuesday sent the cost of borrowing bullion for one-month to more than twenty times its usual level...
 
BLBG: Indian Rupee Falls to Lowest Since 2002 on Fund Outflow Concern
  08 Oct 10:59
 
By Anil Varma

Oct...
 
BLBG: India's Bonds Advance a Fourth Day as Inflation Concerns Ease
  08 Oct 10:58
 
By Anil Varma

Oct...
 
RTRS: GLOBAL MARKETS-U.S. stocks slide, gold rises on crisis jitters
  08 Oct 10:57
 
* Stocks slide amid doubts about global response to crisis

* Fed commercial paper program cuts govt debt safety bid

* Dollar slips against currency basket, yen also falls

* Gold soars more than 3 pct as investors seek safety (Adds close of U...
 
BLBG: China May Cut Rates Again After Central Bank Yields Decline
  08 Oct 10:55
 
By Belinda Cao

Oct...
 
BLBG: Commonwealth Agrees to Buy HBOS Plc's BankWest Unit (Update3)
  08 Oct 10:52
 
Oct...
 
BLBG: Australian, New Zealand Dollars Slide on Global Slump Concerns
  08 Oct 10:51
 
By Candice Zachariahs

Oct...
 
RTRS: S.Africa stocks gain, rand steady versus dollar
  08 Oct 10:23
 
JOHANNESBURG (Reuters) - South Africa\'s rand held steady against the dollar on Tuesday helped by U...
 
RTTN: Gold Continues To Climb, Closes Above $880 An Ounce
  08 Oct 10:22
 
(RTTNews) - Note: An outdated gold article was recently run...
 
RTRS: Crude Oil, Metals See Muted Rise As Recession Storm Clouds Dampen Bid
  08 Oct 10:22
 
A sharp interest rate cut by Australia and a weaker U...
 
BLBG: Yen Rises Toward Six-Month High on Global Recession Concerns
  08 Oct 10:22
 
By Stanley White and Ron Harui



Oct...
 
AFP: The Low for Silver and Gold Prices Happened Last Friday
  08 Oct 10:21
 
Gold Price Close Today : 878...
 
BS: Gold sparkles, may add more sheen by Diwali
  08 Oct 10:21
 
Gold sales growth has been around last year\'s level so far during the festival season, but traders and analysts expect demand to increase significantly before Diwali...
 
BLBG: Japan Bonds Rise as Stocks Slump on Prospect of Slowing Growth
  08 Oct 10:19
 
By Theresa Barraclough

Oct...
 
MW: Gold futures rise 2% as safety buying continues
  08 Oct 10:19
 
By Moming Zhou


NEW YORK (MarketWatch) -- Gold futures rose nearly 2% Tuesday, building on gains from the previous session, as investors continued to buy the precious metal as a safe haven amid the global turmoil in financial markets...
 
AFP: Sell bullion, buy gold stocks
  08 Oct 10:17
 
Hedge funds and speculators, in particular, have left lots of wreckage across all lanes of the global resources highway, but as in the case of any pile up that can be seen from outer space, there are gems hidden all around and within the carnage...
 
MW: Rate cuts were put on table at Sept. Fed meeting: minutes
  07 Oct 23:37
 
By Greg Robb

WASHINGTON (MarketWatch) -- At the Federal Reserve\'s last formal meeting in mid-September, some officials raised the possibility that the central bank might have to lower rates further in coming months if the financial turmoil worsened, according to a summary of the meeting released on Tuesday...
 
AP: Gold up on flight to safety
  07 Oct 21:37
 
Gold rose more than 3 percent and silver was up by 5 percent on Tuesday as European stock markets turned lower, sparking a flight to safety...
 
CP: Stock markets plunge as recession anxiety rises, oil price slides
  07 Oct 21:36
 
TORONTO - Falling oil prices and investor fears of a global recession pummelled the Canadian stock market again Monday, dragging its benchmark index to its biggest intraday loss ever and wiping out more than $100 billion of stock value...
 
BLBG: U.S. Lowers Oil Price Forecasts as Demand Slumps (Update1)
  07 Oct 21:35
 
By Margot Habiby and Tina Seeley

Oct...
 
BLBG: Treasuries Tumble as Fed Agrees to Purchase Commercial Paper
  07 Oct 21:35
 
By Dakin Campbell and Bo Nielsen

Oct...
 
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