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Bank of England united in freezing interest rates
May 23rd, 2012
Bank of England policymakers voted unanimously in favour of holding interest rates at a record low level this month, but one member called again for more stimulus, the BoE said on Wednesday. (Source: AFP) -
By Megan Davies MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to crack: rife with credit, legal and corruption ... [Full Article]
LONDON (Reuters) - The Bank of England bucked the trend of its recent forecasts on Wednesday by modestly upgrading its growth outlook and pencilling in a faster fall in inflation. In its quarterly economic update, the central bank gave no sign that it was on the verge doing more stimulus, describing policy as "highly stimulatory", but not... [Full Article]
LONDON (Reuters) - Football champions Manchester United topped the table for English Premier League television income in 2012-13, raking in almost 61 million pounds ($93 million) in the final year of the current three-year contract, the League said on Tuesday. Relegated Queens Park Rangers, owned by Malaysian airline boss Tony Fernandes, received a... [Full Article]
By Huw Jones LONDON (Reuters) - The Financial Conduct Authority (FCA) has asked mortgage lenders to check if customers can pay back the loans, stepping in early to head off possible defaults in a sector the government sees as key to reviving growth. The FCA said the capital on 2.6 million interest-only home loans will be due for repayment over the ... [Full Article]
WASHINGTON (AP) - The old saying that "what goes up must come down" doesn't apply to carbon dioxide pollution in the air, which just hit an unnerving milestone. (Source: Associated Press)... [Full Article]
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