bank of england

British families buying more frozen food to save


July 19th, 2012 - 7:37 pm ICT by IANS
London, July 19 (IANS) To save money and reduce waste to a minimum a lot of British families are resorting to buying more frozen and dried food at the supermarket, ... Read more...

Posted in Life Style |

Sensex falls on global economic growth worries


July 6th, 2012 - 3:00 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets fell 0.31 percent in the afternoon session Friday due to selling pressure in realty, metal and IT ... Read more...

Posted in Business |

US stocks mixed amid disappointing data (Lead)


July 6th, 2012 - 10:19 am ICT by IANS
New York, July 6 (IANS) US stocks ended mixed Thursday amid disappointing economic data and investors' concerns over the economy.A round of mixed economic data released Thursday together with actions ... Read more...

Posted in Business |

US stocks wobble despite rate cuts


July 6th, 2012 - 4:46 am ICT by IANS
New York, July 6 (IANS) US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.The European Central Bank cut ... Read more...

Posted in Business |

Bank of England urges banks to raise capital


March 24th, 2012 - 2:11 pm ICT by IANS
London, March 24 (IANS) British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank ... Read more...

Posted in Business |

Mortgage rise to hit millions in Britain


March 3rd, 2012 - 7:45 pm ICT by IANS
London, March 3 (IANS) Millions of families in Britain face rising mortgage rates with the country's leading lenders pushing up interest rates, Daily Mail reported Saturday.The RBS-NatWest group is pushing ... Read more...

Posted in Business |

Britain’s GDP drops


February 25th, 2012 - 3:54 am ICT by IANS
London, Feb 25 (IANS) Britain's economy shrank 0.2 percent in the last quarter of 2011, according to the Office for National Statistics (ONS) Friday.The figure marks a sharp drop in ... Read more...

Posted in Business |

US stocks edge higher amid Greek hope (Lead)


February 10th, 2012 - 6:56 am ICT by IANS
New York, Feb 10 (IANS) US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jobless claims.Greek political leaders Thursday reached a deal over austerity measures in order ... Read more...

Posted in Business |

British unemployment to rise to nearly 3 million


December 29th, 2011 - 4:32 am ICT by IANS
London, Dec 29 (IANS) The unemployment numbers in Britain was forecast to rise to 2.85 million by the end of 2012.Britain's total employment is 29.11 million people, of whom ... Read more...

Posted in Business |

Positive global cues help Sensex to the best weekly performance in two years (Weekly market review)


December 4th, 2011 - 3:45 pm ICT by IANS
Mumbai, Dec 4 (IANS) Benchmark indices of Indian equities staged one of their best weekly performances in over two years this week, adding over 7 percent, as markets in ... Read more...

Posted in Business |

Britain to return to recession in 2012


November 28th, 2011 - 8:14 pm ICT by IANS
London, Nov 28 (IANS) Britain will return to recession next year, and will need to print more money, says a report by an international economic research group.The Paris-based Organisation for ... Read more...

Posted in Uncategorized |

South Korea’s central bank leaves interest rates unchanged


October 13th, 2011 - 2:08 pm ICT by IANS
Seoul, Oct 13 (IANS) The Bank of Korea (BOK) left its benchmark interest rate unchanged at 3.25 percent Thursday.Governor Kim Choong-soo and monetary policy board members decided to freeze the ... Read more...

Posted in Business |

‘Bank of England may have to print more money’


October 10th, 2011 - 10:33 pm ICT by IANS
London, Oct 10 (IANS) A leading economist of the Bank of England has warned it may be required to print even more money to support the weak economy.In a sign ... Read more...

Posted in Business |

Britain at significant risk of recession: Think tank


September 9th, 2011 - 7:08 pm ICT by IANS
London, Sep 9 (IANS) The British economy is at "significant risk" of sliding back towards recession, a Paris-based think tank has said.The Organisation for Economic Cooperation and Development (OECD) said ... Read more...

Posted in World |

Brits face biggest squeeze to their wallets since post-WW1 recession


April 11th, 2011 - 2:57 pm ICT by ANI
London, Apr 11 (ANI): Britons are facing the worst financial crisis since the post-World War One recession of 1919-21.The average family is 910 pounds worse off than two years ago because of ... Read more...

Posted in World |

Smartphones, dating agency fees added to inflation basket


March 16th, 2011 - 2:27 am ICT by Aishwarya Bhatt
London, Mar 15 (THAINDIAN NEWS) Inflation is now being calculated on the basis of a host of some new entrants in UK. Now Smartphones and the average cost of ‘apps’ have also ... Read more...

Posted in Technology Industry News |

Bank of England chief says UK could face another financial crisis


March 5th, 2011 - 10:59 am ICT by ANI
London, Mar. 5 (ANI): The Governor of the Bank of England, Mervyn King, has warned that the United Kingdom could face another financial crisis if reform is not carried out in the ... Read more...

Posted in World |

London School of Economics chief quits over Gaddafi links (Lead)


March 4th, 2011 - 12:50 pm ICT by IANS
London, March 4 (IANS) The director of the London School of Economics (LSE) has resigned over the institute's links to the family of Libyan leader Muammar Gaddafi, BBC reported Friday.Howard ... Read more...

Posted in Politics |

LSE head resigns over financial links with Gaddafi regime


March 4th, 2011 - 12:08 pm ICT by ANI
London, March 4 (ANI): London School of Economics (LSE) head Sir Howard Davies has resigned from his post over his instution's controversial financial links with Libya.The university has also revealed that it ... Read more...

Posted in World |

British varsity regrets ties with Gaddafi family


February 28th, 2011 - 9:27 pm ICT by IANS
London, Feb 28 (IANS) The head of the prestigious London School of Economics Monday said he felt "embarrassed" about the university's ties with the family of Libyan leader Muammar Gaddafi.The LSE director ... Read more...

Posted in Politics |

Overdraft bank charges soar to 19%


December 8th, 2010 - 12:23 am ICT by Aishwarya Bhatt
London, Dec 7 (THAINDIAN NEWS) The new rates released by the Bank of England indicates that bank customers will now have to pay 19% for overdraft. The rate is unprecedented in the ... Read more...

Posted in Business |

Bank Of England Reveals That The Overdraft Charges Have Touched Down At A Record 19%


December 7th, 2010 - 10:04 pm ICT by Pen Men At Work
December 7, 2010 (Pen Men at Work): The clientele of the U.K. banks are being harassed by the hugest overdraft charges since the records commenced, as per the revealed statistics of the ... Read more...

Posted in Business |

Bank of England maintains record low bank rate


November 4th, 2010 - 7:18 pm ICT by BNO News
LONDON (BNO NEWS) -- The Bank of England's Monetary Policy Committee on Thursday voted to maintain the official bank rate paid on commercial bank reserves at 0.5 percent, a record low.The Committee ... Read more...

Posted in Business |

Brit celebrity stalker gets “orgasmic” over roly-poly minister Eric Pickles


September 15th, 2010 - 2:05 pm ICT by ANI
London, Sept 15 (ANI): A woman in Britain, who has been stalking celebrities, had to be escorted out of a Tory meeting after she started getting "orgasmic" over roly-poly minister Eric ... Read more...

Posted in World |

Don’t want to see days like 1990’s again: Pranab


August 5th, 2010 - 7:39 pm ICT by IANS
New Delhi, Aug 5 (IANS) Finance Minister Pranab Mukherjee Thursday invoked memories of India mortgaging its gold in banks abroad to wriggle out of a balance of payment crisis in the ... Read more...

Posted in Business |

Disbanded watchdog cautions successor on financial crime


June 23rd, 2010 - 4:34 pm ICT by IANS
By Venkata Vemuri London, June 23 (IANS) Britain's finance watchdog Financial Services Authority (FSA) has reacted strongly to its disbanding by the new coalition government, warning the shake-up of financial regulation may encourage ... Read more...

Posted in World |

UK announces sweeping banking regulation reforms


June 17th, 2010 - 9:54 am ICT by IANS
By Venkata Vemuri London, June 17 (IANS) British Chancellor of the Exchequer George Osborne has announced sweeping changes for stronger regulation of the UK's banking system in order to avoid a banking meltdown ... Read more...

Posted in Business |

Bank of England boss freezes his own pay raise


June 3rd, 2010 - 7:45 pm ICT by IANS
By Venkata Vemuri London, June 3 (IANS) The chief banker of England has refused a pay hike of over 15,000 pounds in the next two years, putting into practice what he preaches about ... Read more...

Posted in Business |

Queen Elizabeth II outlines new austerity measures


May 26th, 2010 - 8:24 pm ICT by Aishwarya Bhatt
London, May 26 (THAINDIAN NEWS) Queen Elizabeth II in her speech yesterday announced sharp cuts on British public spending, as the new administration tries to control record national deficit. The ... Read more...

Posted in World News |

Queen Elizabeth Issues A Message Of Austerity


May 26th, 2010 - 7:33 pm ICT by Pen Men At Work
May 26, 2010 (Pen Men at Work): Queen Elizabeth 2 discharged a serious message of austerity on Tuesday. Her communication, created by governmental bureaucrats on her behalf, underscored the intentions of ... Read more...

Posted in World News |

Queen Elizabeth Delivers Her Austerity Speech In The House Of Lords


May 26th, 2010 - 7:22 pm ICT by GD
By Ranjan Bhaduri London, May 26, (THAINDIAN NEWS) The House Of The Lords on Tuesday witnessed the message of austerity being delivered by Queen Elizabeth II. In her austerity speech she underlined the ... Read more...

Posted in World |

Conservative-Liberal Democrat coalition agreement


May 13th, 2010 - 5:54 pm ICT by ANI
London, May 13 (ANI): The agreement inked between Britain's Conservative Party and the Liberal Democratic Party to form a new government makes for an interesting read.The pact has eleven key points, ... Read more...

Posted in World |

Bank of England maintains record low bank rate


May 10th, 2010 - 7:35 pm ICT by BNO News
LONDON (BNO NEWS) -- The Bank of England's Monetary Policy Committee on Monday voted to maintain the official bank rate paid on commercial bank reserves at 0.5 percent.The Committee also voted to ... Read more...

Posted in Business |

Man City’s new found money can never match United’s spirit: Ferguson


February 22nd, 2010 - 2:45 pm ICT by ANI
London, Feb 22 (ANI): Taking a fresh dig at Manchester City, Sir Alex Ferguson said that they will never match the spirit he has created at Manchester United.Ferguson said all the ... Read more...

Posted in Sports |

Rally wipes out week’s losses, Sensex up 3.32 percent (Roundup)


August 13th, 2009 - 6:54 pm ICT by IANS
Mumbai, Aug 13 (IANS) Indian equities markets staged a rally Thursday backed by strong global cues, even as a key index moved up 498 points higher than its last closing figure ... Read more...

Posted in Business |

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