Bank of England Boosts QE
For the first time in nearly two years, the Bank of England increased its bond-buying program on Thursday, boosting the ceiling to 275 billion pounds ($421 billion) from 200 billion pounds as it said that slow growth worldwide and European unrest 'threaten the U.K. recovery.'
Moody’s Says Britain’s Rating Could Feel Impact of Slower Growth, Deficit
Britain unveiled its 2011 budget on Wednesday, showing slower growth and higher inflation, both of which would affect its efforts to rein in debt. On Thursday, Moody’s Investors Service said that the nation’s AAA sovereign debt rating and its stable outlook as well could be in jeopardy.
British GDP in Q4 Takes Unexpected Drop of 0.5%
Finance minister blames unusually bad weather, defends austerity plan.
Tighter Rules for Foreign Hedge Funds Advance in Europe
By James Kanter (C) The New York Times 2010 BRUSSELS -- European Union finance ministers approved a draft law on Tuesday, May 18, that would make it...