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Australia slashes interest rate again to stave off recession

AUSTRALIA'S central bank cut its benchmark interest rate yesterday by a bigger-than-expected three-quarters of a percentage point as the global financial meltdown threatens to drag the country into recession. It...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200811/20081105/article_379465.htm"> Australia slashes interest rate again to stave off recession </a> by -- AUSTRALIA'S central bank cut its benchmark interest rate yesterday by a bigger-than-expected three-quarters of a percentage point as the global financial meltdown threatens to drag the country into recession. It... </p>