LONDON - THE cost of three-month dollar loans between banks fell on Monday in the wake of last week's decision by the US Federal Reserve to cut its benchmark rate to near zero per cent.
FRANKFURT - THE European Central Bank's top economist Juergen Stark thinks the eurozone economy will begin to recover late next year, he said in a press interview.
There are 'arguments in favour of a gradual rebound from the end of next year,' Mr Stark told the regional Germany daily Westdeutsche Allgemeine Zeitung in its Tuesday edition, parts of which were released in advance.
NEW YORK - US STOCKS opened the holiday-shortened week on Monday on a mixed and cautious note with investors eyeing bargains while winding down their portfolios at the end of the year amid a depressed economy.
