Business | Updated Aug 20, 2007 at 04:21pm IST

Rebound on Wall Street as Fed US Fed cut rate

London: There was a semblance of a rebound on Wall Street and in Europe on Friday as stocks surged after the US Federal Reserve cut the discount rate. The move aims to calm anxious investors and defuse a global credit shortage. However, some experts say investor panic could cause the intervention to boomerang.

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Business | Updated Aug 20, 2007 at 04:21pm IST

Rebound on Wall Street as Fed US Fed cut rate

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