Monday 19 March

The Bank of Japan made moves to relieve fears about a deflationary economy by reviving a de facto ze...

The Bank of Japan made moves to relieve fears about a deflationary economy by reviving a de facto zero-interest rate policy. The Dow Jones, however, rose after its recent slump on hopes that the Federal Reserve would announce deep cuts in the US interest rate. Fears about the advertising recession in the US deepened as Knight Ridder, the publisher of 32 US daily newspapers, said first-quarter earnings would undershoot expectations by 25%. Australian mining group BHP announced that it is to merge with UK mining concern Billiton. The combined company, in which Billiton will be the 42% minor...