AP - Asian markets showed signs of life Tuesday as investors cheered a big interest rate cut by the Australian central bank aimed at alleviating the unfolding global credit crisis that has battered global markets.

AP - The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.

Reuters - Western governments and central banks faced demands for coordinated action on Tuesday after Australia responded to the escalating global financial crisis by cutting its interest rates sharply.

Reuters - Asian stocks outside Japan rose for the first time in four days on Tuesday while the yen and government bond prices fell after a surprisingly large interest rate cut by Australia's central bank raised hopes that other policymakers would follow suit.