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Gordon Brown's recession will be gift-wrapped as the MPC fails to make the cut

telegraph.co.uk     3 hrs ago   61 related          

So I didn't get my rate cut on Thursday. After pleading since June that now would be the time to start easing the economy's corset, the Bank of England's Monetary Policy Committee (MPC) decided to keep the laces tied as...                    

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J Sainsbury leads supermarkets lower

financemarkets.co.uk     7 hrs ago   1 related          

European equities markets saw substantial declines Friday as worries continued that banks will lose more to the credit crisis and on new unemployment numbers out of the US Labor Department. In London the FTSE 100 was down...                    

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Talk that QBE is lining up UBS for RSA bid

telegraph.co.uk     3 hrs ago          

By Ben Harrington Bid talk sent RSA Insurance flying to the top of the blue-chip leaderboard, with the Australian insurance group QBE tipped as the potential suitor. One source claimed QBE is being advised by UBS on a...                    

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Hansapank twice bigger than SEB in Estonia

balticbusinessnews.com     11 hrs ago          

A comparison of Estonian banks' half year balance sheets shows that Hansapank is twice as big on both the loans and deposits market as SEB, vm.ee writes. According to an interim report presented to the Bank of Estonia,...                    

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Stamp duty move is not enough

scotsman.com     3 hrs ago          

Published Date: 06 September 2008 THE pressure on the government to raise the stamp duty threshold, or abolish it altogether, was intense in the build up to the temporary increase it announced this week. "A suspension...                    

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Jeremy Warner's Outlook: The banking crisis is not so different to previous ones, but policy...

independent.co.uk     4 hrs ago          

A grim week for economic data has been topped off with news that US unemployment last month leapt to 6.1 per cent, a much bigger rise than expected and the highest level in nearly five years. The 3 per cent-plus growth...                    

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Oil at 5-month low

cnn.com     8 hrs ago   515 related          

Oil at 5-month low on shrinking demand Crude futures are more than $40 below the record high set nearly two months ago as the economic slowdown cuts into demand for energy. Oil prices fell Friday as market participants...                    

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Dollar continues to gain ground

cnn.com     6 hrs ago   4 related          

Despite grim news regarding U.S. jobs, the dollar gained against the euro, concluding the biggest weekly increase this year. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS NEW YORK...                    

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Dollar pulls higher in spite of unemployment data

ibtimes.com     6 hrs ago   50 related          

NEW YORK - The dollar was mostly higher Friday despite bad news about U.S. jobs. Grim outlooks on the European economies and oil's continued drop supported the buck. The 15-nation euro fell to $1.4243 in late New York...                    

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‘Managing inflation is foremost challenge’

thehindubusinessline.com     7 hrs ago   17 related          

Mumbai, Sept. 5 Both mother nature and the Mumbai press ensured that Dr D. Subbarao, the new Governor of Reserve Bank of India, got a ‘thunderous’ welcome as he assumed charge today, signing the 60-year old ceremonial...                    

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