Posts Tagged ‘deficit’

* The Bank of England said Thursday it had held interest rates at a record-low 0.5 percent and had so far pumped 26 billion pounds of new money into the economy under ongoing "quantitative easing." Skip related content Related photos / videos Interest rates have already been slashed to a record low 0.5% Enlarge photo * Interest rates have already been ... Full story

The Bank of England left interest rates at a record low of 0.5 percent on Thursday and said it would take two more months to complete its 75 billion pound quantitative easing programme to fight recession. Skip related content Related photos / videos Pedestrians walk past the Bank of England in London Enlarge photo Related content * Sale Sets Barclays Boss For £5m Windfall ... Full story

Barclays said Thursday it had sold its asset management business iShares to private equity group CVC Capital Partners for 4.4 billion dollars (3.0 billion pounds) to bolster its finances. Skip related content Related photos / videos Barclays has fared better in the financial crisis than many of its banking rivals Enlarge photo Related content * Sale Sets Barclays Boss For £5m Windfall ... Full story

The FTSE 100 index is seen opening 18-33 points higher on Thursday, according to financial bookmakers, rallying after notching up a fourth straight session of losses on Wednesday thanks to strength overnight on Wall Street and in Asia. Skip related content Related content * Sale Sets Barclays Boss For £5m Windfall * US bank Wells Fargo sees 'record' $3 bln ... Full story

Failed banks that have been bailed out by the state might need to be broken up to prevent a repeat of the credit crisis, shadow Chancellor George Osborne said on Wednesday. Skip related content Related photos / videos Conservative Party shadow Chancellor Osborne speaks at the Royal Society of Arts in London Enlarge photo Related content * Sale Sets Barclays Boss For £5m Windfall ... Full story

The Bank of England looks set to hold interest rates steady this week for the first time since September, as the central bank continues its 75 billion pound asset-buying programme to get the economy out of recession. Skip related content Related photos / videos A man enters Britain's Bank of England in London Enlarge photo Related content * US bank Wells Fargo sees 'record' $3 ... Full story

Mumbai, Apr 7 (ANI): Reserve Bank of India (RBI) Governor Duvvuri Subbarao has said that there was a long-term cost to monetising the budget deficit that needed to be considered despite the apparent short-term benefits of not tapping the market for funding. Subbarao said that government borrowing in the 2009-10 fiscal year would be significantly higher than in the previous year. "This year, we expect the ... Full story

Wellington (New Zealand), Apr.1 (ANI): India's cricketers, it seems, will have a wicket of their choice when they meet New Zealand in the third and final cricket Test at the Basin Reserve ground here from Friday. Any prospect of New Zealand pressurizing a pitch to deliberately favour seam bowlers was ruled out after ... Full story

London, Mar 30 (ANI): Watching how a tot reacts to cartoons could help spot autism, according to a new research. It is already known that individuals with autism spectrum disorders (ASD) tend to stare at people's mouths rather than their eyes. Now, the new study of ... Full story

Washington, Mar.28 (ANI): US Joint Chiefs of Staff chairman, Admiral Mike Mullen has confirmed media reports that Pakistan's Inter-Services Intelligence (ISI) has close links with Al-Qaeda and the Taliban network, and is offering logistical support them. "There are certainly indications that's the case," The Dawn quoted Admiral Mullen, as saying. Talking to media persons right after President Barack Obama announced a revamped strategy for ... Full story

Amsterdam - The Dutch government on Wednesday announced a 6- billion-euro (8.1-billion-dollar) economic stimulus plan that will see investment followed by cost-cutting in 2011 to tackle the economic crisis. Prime Minister Jan Peter Balkenende, presenting the plan to parliament, said the funds would be spent over six years, primarily on infrastructure projects, unemployment prevention and sustainable energy over the next six years. The government would also introduce ... Full story

Nicosia, Mar 17 (ANI): The Federation of Gulf Cooperation Council (GCC) Chambers of Commerce and Industry have urged the governments of the six states to adopt a more comprehensive aid package aiming to stimulate growth and reduce the effects of the global financial crisis on businesses in the Gulf region. The Emirates Business wrote on Monday that according to a study it had obtained, the Chambers ... Full story

Washington, Mar 11 (ANI): Forget doling out loads of cash on therapist's fee or anti-depressants pills - a new study has found that salt can put people in a better mood. According to University of Iowa psychologist Kim Johnson and colleagues, when rats are deficient in sodium chloride, common table salt, they shy ... Full story

Islamabad, Mar 2 (ANI): The adviser to the Prime Minister on Finance, Shaukat Tareen, has stressed the need for improving trade with India for economic benefit, saying that the Indian consumer market has massive potential that Pakistan must capitalise on. "We have to stand on our feet, if we are good in what we are doing we have ready-made market in neighbouring countries," he said. Tareen said ... Full story

Chicago, Feb. 21 (ANI): Chicago has yet to recover the 1.74 million dollars that it spent on President Obama's victory celebration at Grant Park. Already, there is a 50.5 million dollars budget deficit that may lead to more layoffs and union concessions. "The Democratic National Committee has not yet paid us. We're reaching out to them this week," Peter Scales, a spokesman for the city's Office ... Full story

London, Feb 19 (ANI): Poor sleep could actually lead to illnesses including psychiatric conditions, attention deficit disorder, post traumatic stress and depression, according to a new study. Sleep problems have long been associated with mental health conditions, but it was believed that they were a side effect of the disease. Now, however, American scientists reckon that sleeping difficulties could be the causes of some mental health ... Full story

Washington, Feb 18 (ANI): A medication commonly prescribed for attention deficit hyperactivity disorder (ADHD) can also treat aphasia - a condition where a person loses his ability to recall and produce common words. Aphasia is caused by lesions to the language centers of the brain. These lesions are often due to stroke or brain injury, but can also be the result of a brain tumour or ... Full story

New Delhi, Feb 16 (ANI): Indian Inc on Monday gave mixed reactions to the Interim Budget 2009-10, as proposed by acting Finance Minister Pranab Mukherjee. Parsvnath Developers Chairman Pradeep Jain said, "It was a completely non-event. It was more like a political statement than an interim ... Full story

Mumbai, Feb 16 (ANI): Market analysts in Mumbai believe that growth remains the primary concern for the Indian economy as the government tries to stimulate demand. With elections just months away, the government sought to highlight its economic achievements while presenting the interim budget for 2009-10 on Monday. A key ... Full story

New Delhi, Feb 16 (ANI): Acting Finance Minister Pranab Mukherjee presented the Interim Budget 2009-10 in the Lok Sabha today. The highlights are as follow: Rs 40,000 crore relief extended through tax cuts to counter economic slowdown. Budgetary support increased for Ministries of Rural Development, Road Transport and Highway, Power, Railways, Industrial Policy and Promotion and IT. Defence allocation increased to Rs1,41,703 crore in wake of ... Full story