The UK Economy

Euro Crisis : Weak Data for Europe, China

Aug 10 2012 @ 05:05
Global economic data released yesterday and this morning seems  to confirm Europe is inching ever-closer to the financial abyss. The European Central bank cut its predicted growth rate for next year from one per cent to  just 0.6 per cent yesterday, whilst June’s UK trade deficit was confirmed as the largest since records began, £4.3 bn. Trade […]
 

ECB Disappoints Markets, IMF Sounds Warning

Aug 03 2012 @ 04:52
Markets fell sharply yesterday after the European Central Bank (ECB) disappointed investors, hoping for quick action to contain the region’s ongoing debt crisis. ECB president Mario Draghi, who last week pledged to do whatever it takes to save the euro, said the central bank would gear up to buy bonds on the open market, but […]
 

Euro Crisis : Markets Await Key ECB Meeting

Jul 31 2012 @ 02:57
Expectation is mounting ahead of Thursday’s key meeting of European Central Bank (ECB) officials, following president Mario Draghi’s promise the institution would do “whatever it takes” to save the euro. The ECB’s options range from buying more bonds of troubled member states like Italy and Spain, to making more cheap cash available to banks, or […]
 

Euro Crisis: Greek Economy Set to Shrink 7 pc, as Spain's Troubles Continue

Jul 24 2012 @ 05:48
Antonis Samaras, Greece’s new Prime Minister, this morning described the challenges the Greek government now faces as “Herculean”. In a speech to parliament, Samaras also said the Greek economy may shrink by more than seven per cent this year. It would not return to growth until at least 2014. The economically troubled nation’s central bank had previously forecast...
 

Euro Crisis : Spain Deal Set for EU Approval

Jul 20 2012 @ 05:10
Spain’s much-needing banking system rescue, worth €100 bn, is expected to be ratified by EU finance ministers later today, The deal was yesterday backed by German lawmakers – although chancellor Angela Merkel was forced to rely on opposition votes yet again. Continuing problems in the Eurozone were blamed for higher than expected government borrowing figures in the UK.  Britain...
 

Euro Crisis : IMF Warning for Europe

Jul 17 2012 @ 06:42
The International Monetary Fund (IMF) has warned the worst of the euro crisis may be yet to come, as it cut its global growth forecast again this week. The organisation warned predicted growth rates could be slashed further if Europe’s policy makers do not act fast enough, and/or with enough force to stamp out the region’s on-going debt crisis. The […]
 

Euro Crisis : Banks Downgraded

Jun 22 2012 @ 07:41
Fifteen major global financial institutions were downgraded by Moody’s late last night, reflecting losses the ratings agency says are likely due to the current, ongoing volatile state of capital markets. Affected lenders included British banking giants Barclays, HSBC, RBS and Lloyds as well as Credit Suisse. The Swiss institution was dealt the harshest and most unexpected blow as...
 

Lloyds' Banking Group CEO Planning to Return

Dec 12 2011 @ 08:22
According to Stocks & Shares TV, the board of Lloyds Banking Group will be making a decision soon as to approving the return of CEO; António Horta-Osório, who has been on medical leave since November, due to extreme fatigue.  UK Financial Investments has already indicated it is in favor of Horta-Osório’s return. UK Financial Investments […]
 
 
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