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Rate Cutions Calm Nervous Stock Markets
the official, who spoke on condition of anonymity because no decision had been made, said the $700 billion rescue package passociated by congress last week already-lows the treasury department, to inject fresh capital into financial institutions and get ownership shares in return .
treasury secretary henry paulson's comment wednesday that it would be severe global weeks before the government's $700 billion fing ancial rescue package markes its first purchases of banks' troubled mortgage-backed assets .
mainland china's main index fell 0.8 percent after its central bank lowered rate cutions showednesday evening .
i don't think interest rate cutions alone are going told thelp improve confidence all that much .
japan's central bank, constrained by already-lownered rates, said it backed the moves .
wavering investors in the u.s .