In an unprecedented move, the Chancellor, Alistair Darling, will make an appearance at tomorrow’s board meeting of the Association of British Insurers, where the trade body will press him on a range of issues including tax and regulation.
The ABI board, chaired by Archie Kane, who runs Scottish Widows, invited Mr Darling – the first time [...]
The British economy could shrink for a quarter or two and inflation may near 4 per cent this year, the Bank of England said on Wednesday in its bleakest forecasts since the Labour government took power in 1997.
Economists said the expected spike in inflation even further above the central bank’s 2 per cent target meant [...]
Parliament passed legislation on Thursday that will allow the government to make Northern Rock PLC the first sizable British bank to be nationalized in 25 years.News of an emergency loan to the struggling Northern Rock from the Bank of England last September had triggered the first run on a British bank in more than a [...]
The British Parliament has passed legislation the government needs to make Northern Rock PLC the first sizable bank in that country to be nationalized in 25 years.The legislation passed in London on Thursday.News of an emergency loan to the struggling Northern Rock from the Bank of England last September had triggered the first run on [...]
LONDON —
Parliament passed legislation on Thursday that will allow the government to make Northern Rock PLC the first sizable British bank to be nationalized in 25 years.News of an emergency loan to the struggling Northern Rock from the Bank of England last September had triggered the first run on a British bank in more than [...]
The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent on Thursday.
Both central banks face inflation and concerns about a global economic slowdown.
The Bank of England lowered its key interest rate for the second time [...]
The world’s leading economies pledged on Saturday to work together to secure stability in volatile markets but brushed off the idea of a single uniform remedy for the Group of Seven industrialized nations.A joint statement, issued at the end of an afternoon meeting of the G-7 finance chiefs and central bank governors, acknowledged “downside risks” [...]
By Brian Love and Gavin Jones TOKYO (Reuters) - Finance leaders of the world’s top
industrialized nations put on a show of solidarity on Saturday
in the face of an economic slowdown and conceded that things
could get even worse because of the crumbling U.S. housing
market. In a communique released after meetings in [...]
By Brian Love and Gavin Jones TOKYO (Reuters) - Finance leaders of the world’s top
industrialized nations put on a show of solidarity on Saturday
in the face of an economic slowdown and conceded that things
could get even worse because of the crumbling U.S. housing
market. In a communique released after meetings in [...]
By Brian Love and Gavin Jones TOKYO (Reuters) - Finance leaders from the world’s richest
nations pledged on Saturday to work together to stabilize world
financial markets shaken by the U.S. housing debacle that is
puncturing global economic growth. The Group of Seven finance ministers and central bank
chiefs took on a somewhat more [...]
