Stock Market Books

Thursday, May 1, 2008

Fed reduced interest rate to 2%

US Federal Reserve says interest rate cut by 25 basis points to 2%, seventh since September, should promote moderate growth over time.

It signals the US Fed is ready to consider a pause after the seventh cut.

30/4 SapuraCrest subsidiary gets US$182.5m contract from Petronas Carigali for deployment of offshore drilling rig.

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