Thursday, 17 July 2008 @ 02:01
Bank of England chief sees rocky ride ahead for economy
The Bank of England's new chief economist warned that the UK is facing its toughest economic prospects in over a decade, as unemployment increases at the fastest rate since 1992
Thursday, 17 July 2008 @ 00:01
French bank Natixis to raise 3.7 billion euros in capital
PARIS (Reuters) - Natixis , France's fourth-biggest listed bank, said on Wednesday it was launching a 3.7 billion euro (2.9 billion pound) capital increase due to the credit crisis that has battered banks around the world.
Wednesday, 16 July 2008 @ 22:10
Stocks rally on fall in oil prices
NEW YORK (Reuters) - U.S. stocks jumped more than 2 percent on Wednesday after strong results at Wells Fargo fuelled a powerful rally in the battered banking sector and an unexpected leap in U.S. crude supplies led oil prices to fall sharply.
Wednesday, 16 July 2008 @ 22:02
U.S. judge mulls challenge to BP refinery blast plea
HOUSTON (Reuters) - A U.S. judge said on Wednesday she will consider a victims' challenge to a proposed $50 million (25 million pound) fine and other elements of BP's plea agreement to resolve criminal liability in a deadly 2005 blast that killed 15 people at a Texas refinery.
Wednesday, 16 July 2008 @ 20:45
Bank's Dale sees inflation risks
LONDON (Reuters) - The new Bank of England chief economist, Spencer Dale, struck a balanced note on Wednesday, saying there were substantial opposing risks to the inflation outlook complicating life for policymakers.
Wednesday, 16 July 2008 @ 18:09
EU to target rogue download firms
An EU-wide sweep of mobile phone downloads is expected to show that huge numbers are breaking regulations.
Wednesday, 16 July 2008 @ 18:07
BT seeks support for broadband boost
TELECOMS giant BT yesterday announced plans to roll out “super-fast” broadband to as many as 10 million homes by 2012 - and challenged the East of England Development Agency and other local authorities in the region to support the move.
Wednesday, 16 July 2008 @ 18:07
Business awards are open for entries
THE Anglian Business Awards 2008 are open for entries. Sponsors of the 2008 Anglian Business Awards gathered at The Last Anchor waterside restaurant in Ipswich for the official launch of awards, which are this year celebrating their 10th anniversary.
Wednesday, 16 July 2008 @ 18:07
Sugar price offer leaves sour taste
SUGAR beet growers are threatening to grow other crops next year in a row over prices. More than 100 growers are expected to attend a meeting on Friday organised by Cambridgeshire farmer Oliver Walston to protest at British Sugar's offer of £24 a tonne for the 2009 harvest.