Bank of england Stories
Global Markets Signal Imminent Greek Departure From Euro Zone
Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.
Spain?s Indignados Mark Anti-Austerity Protest Anniversary [PHOTOS]
Tens of thousands of Spaniards protesting against the economic crisis and the austerity measures marched on the streets of different cities in the country Saturday to mark the first anniversary of the Indignados movement that ignited similar protests worldwide.
Spain's ?Indignants? Mark First Anniversary Of Anti-Austerity Protests
Thousands of demonstrators took to the streets of several Spanish cities late Saturday in what is described as a massive social movement against the economic atrocities the nation is coerced into.
Occupy London Demonstrators Arrested Outside Bank Of England
Arrests of Occupy London demonstrators were made by City of London police at a protest outside the Bank of England on Saturday, but representatives of the two sides gave BBC News conflicting reports on the number of them.
U.K. Manufacturing Nearly Flat As Exports To Eurozone Fall
The British manufacturing sector is approaching negative growth thanks largely to a decline in exports to the troubled eurozone, according to a monthly benchmark index that gauges industrial health released Tuesday.The Markit/CIPS Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.5 in April, down from 51.9 in March. The report also showed the sharpest decline in new export orders since March 2009.
UK Falls Into Double-Dip Recession
The United Kingdom, Europe's third-largest economy, fell into recession in the first quarter when its gross domestic product fell 0.2 percent, a contraction that followed the fourth-quarter's 0.3 percent decline.
US Futures Signal Lower Open After Rally
US stock index futures pointed to a lower opening Wednesday after posting strong gains in the previous session.
Stocks Tilt Lower Ahead Of Easter Break: Daily Markets Wrap
Global stocks ended mixed Thursday as solid jobs data and better-than-expected results from retailers failed to offset revived concerns about the euro zone’s fiscal stability.
Bank Of England Keeps Interest Rates The Same
The Bank of England held back from giving Britain's fragile recovery an extra boost on Thursday, as the economy appears to have avoided falling into recession despite a shock drop in manufacturing output in the first months of 2012.
UK Economy on Track to Buck European Trend
UK economy seems to be on the track to buck the trend in many other European countries where economic recovery continues to struggle.
UK faces bigger hill to climb after fourth-quarter GDP cut
Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official data showed on Wednesday.
UK economy shrank more than expected in Q4
Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official
UK Gas Prices Reach Record High
Figures from industry analysts Experian Catalist showed drivers were paying an average £1.42 a liter, as fears over Iranian supplies have seen the price of crude oil soar more than 12 percent since January.
UK Borrowing hits February Record; BoE Minutes Show QE split
Spike in public borrowing will test Chancellor's resolve as he prepares make-or-break budget statement
Gold Forecast 2012 and Beyond: Why Prices Could Surge
Back in late 2010, billionaire hedge fund manager John Paulson told “a standing-room-only crowd at New York’s University Club” that US inflation could hit double-digits in 2012. His forecast on gold and inflation, however, haven’t panned out so far in 2012.
Britain on Path of Recovery, Say UK Manufacturers
British factory output rebounds in first quarter and economy shows signs of recovery, according to survey by trade body EEF.
Central Bankers Hold Rates Steady On Inflation Concerns
Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
ECB fires inflation warning, trumpets success of cash flood
The European Central Bank signaled its policy course was slowly turning on Thursday, delivering a surprise warning on inflation and calling governments and banks to build on its recent blitz of radical support measures to foster a full crisis recovery.
Wall Street rises on optimism Greek deal near
Wall Street opened higher on Thursday as strong uptake by investors in Greece's debt swap fed optimism a deal could be completed by a deadline later in the day, staving off a messy default.
Europe Central Banks Keep Rates Steady, Eye Inflation
Two of Europe's main central banks announced Thursday they would be keeping their benchmark interbank lending rates unchanged, in an expected move that analysts see as an acknowledgement of creeping inflation and policy exhaustion.
BoE holds policy steady as growth proves patchy
The Bank of England left its monetary policy unchanged on Thursday, deciding that February's extra 50 billion pounds ($79 billion) of quantitative easing was enough for now to support the economy through a period of fitful recovery.
BoE keeps quantitative easing target unchanged at 325 billion sterling
The Bank of England left its monetary policy unchanged on Thursday, sticking with February's decision to do an extra 50 billion pounds of quantitative easing to support the economy through a period of fitful recovery.
UK will Avoid Recession, Says Chambers of Commerce
Britain will avoid recession and Bank of England will not need to inject any more stimulus but the recovery will be weak, says British Chambers of Commerce.
Nikkei Breaks 9,600 to 6-1/2-Month High
Japan's Nikkei share average extended its rally and rose to a 6-1/2-month high on Friday above 9,600, heading for its best February performance in two decades.
UK Economy: Will It Suffer a Recession in 2012?
The UK economy is under significant pressure in the shadow of uncertainty cast by the eurozone debt crisis which is resulting in its losing the momentum of recovery.
ECB, Bank of England Hold Interest Rates Steady
The plans underscore concerns in the eurozone about debt and a potential relapse into recession.
Europe Day Ahead: ECB, BoE Meetings in Focus
European stock markets opened with gains Thursday as investors anticipate a successful resolution to the Greek debt deal that would allow the eurozone country to avoid a default.
Euro, shares advance on Greek deal hopes
The rally in the euro and European shares advanced on Thursday as Greece edged closer to a bailout deal and on expectations the Bank of England and the European Central Bank will maintain support for the move into riskier assets.
Asian Shares Guarded as Greece Fails to Strike Bailout Package Deal
Asian shares struggled but the euro recovered on Thursday, as markets were left without a clear direction after Greek political leaders failed again to conclude a deal for a bailout package, which Athens needs to avoid a messy debt default.
Greek Standoff Weighs on Asian Markets, Euro
Asian shares and the euro struggled Thursday, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.


