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Taking It Easy on U.K. Quantitative Easing It's a sign of how deeply credit crunch fever has gripped Britain that 'quantitative easing' has become a topic of popular discussion. Wisely, the Bank of England Thursday stuck to a conventional half-point interest rate cut --albeit to the unconventional level of 1.5%. Wall Street JournalFirst-time buyers unlikely to benefit Conditions for new mortgage borrowers are unlikely to ease, with brokers saying that low interest rates would have little effect until the supply of mortgages improve TelegraphNo relief for new borrowers Conditions for new mortgage borrowers are unlikely to ease even though interest rates have dropped to an all-time low, as the expectation of further property price falls means banks are still reluctant to lend Financial TimesApple unveils iWork `09 Apple this week introduced iWork '09, the latest version of Apple's popular office productivity suite, which adds powerful new features without sacrificing Apple's legendary ease of use. AME InfoCitigroup considers `cram down` law Citigroup could soon agree to principles that would let troubled borrowers save their homes through bankruptcy, sources familiar with the talks said Thursday, while industry groups are easing their opposition to the plan. CNN MoneyInflation eases to 5.24% against 5.91% week ago Inflation, measured by movements in wholesale prices, dipped by 0.67 percentage points from 5.91 per cent in the previous week. The Times Of IndiaMETALS-Copper eases, nickel down 7 pct as index re-jig starts - Forbes LONDON, Jan 8 (Reuters) - Copper and other metals fell on Thursday, with nickel down almost 7 percent, as worries about the global economy intensified and players took profits as the rebalancing of commodity indices started. Buying ahead of re ... Feed DigestCopper eases, nickel down 5 pct, index re-jig starts - guardian.co.uk Copper eases, nickel down 5 pct, index re-jig startsguardian.co.uk, UK - 1 hour agoCopper stocks continued to rise in LME warehouses, up 6375 tonnes at 357700 -- levels last recorded in January 1994 -- and aluminium inventories rose by ...Copper drifts to lower close, stems two-day rally guardian.co.ukall 89 news articles Feed DigestMid-Day Report: No Surprise from BoE, Sterling Resumes Rebound Sterling resumes recent rebound after BoE delivered a 50bps rate cut as markets expected. The bank left the door open for further policy easing as it noted a 'significant risk of undershooting the 2% CPI inflation target in the medium term at the existing level of Bank Rate' in the... actionforex.comSainsbury`s surprises with best-ever Christmas Sainsbury's chief executive Justin King urged the government today to focus on restoring credit facilities for business and creating jobs to ease the impact of the recession and the 'uniquely challenging' year ahead.Speaking as he unveiled the supermarket's best-ever Christmas trading, King also dismissed Alistair Darling's pre-Christmas VAT cut as an 'ill-conceived' waste of taxpayers' money and said the latest 0.5% cut in interest rates would make 'little or no difference' to business.'The focus on base rate is the wrong focus,' King said. 'The key issue is whether businesses can borrow and at what rate. Prudent borrowing by successful businesses is what we need restored.' The solution to that problem was 'clearly something like credit guarantees'.King also criticised the government's decision to cut the VAT rate of VAT in a bid to stimulate spending, which is to cost £12bn. 'Could that money have been better spent? I'd have preferred it to be spent on job creation and liquidity. He Telegraph1 2 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
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