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Markets settle on US Fed holding interest rate steady

Markets settle on US Fed holding interest rate steady

Financial markets rebounded on Tuesday as the US Federal Reserve said it will keep its key interest rate unchanged at least through mid-2013. Australian shares rallied to end the day…

Australian, New Zealand markets down on US credit rating downgrade

Australian, New Zealand markets down on US credit rating downgrade

Australian and New Zealand stock markets opened lower on Monday following the decision by US-based credit rating agency Standard & Poor’s to downgrade the US government’s AAA credit rating to…