Shopping boom reduces likelihood of rate cut
Consumers shrugged off warnings about an economic downturn and flocked to the high streets last month, attracted by bargain prices in the summer sales.
Retail sales jum...
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ECB hints at rate cut as concern mounts
The European Central Bank hinted yesterday it is preparing to join global efforts to ward off recession by cutting interest rates in the 12-member eurozone at its next me...
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More rate cuts to come
The Bank of England paved the way for more interest rate cuts yesterday to counter the looming global downturn, admitting it had been surprised by the speed of the slump....
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Germany appeals for European rate cut
Germany today urged the European central bank (ECB) to lower interest rates, as its economy slowed to a crawl.
Siegmar Mosdorf, a German deputy economy minister, said th...
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ECB's chief economist defends not cutting rates
European Central Bank chief economist Ottmar Issing yesterday defended last week's decision to leave interest rates on hold, claiming that the present level was keeping i...
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Rate cut hopes dashed by consumer spree
Industry hopes of a further cut in interest rates today are likely to be dashed after new figures showed shoppers went on a summer spending spree last month.
But the tw...
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Police crime detection rates fall to new low
The police detection rate for all recorded crimes has fallen to an all time low of only 24%, according to Home Office figures published today.
While the annual police r...
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Greenspan signals rate cut
Alan Greenspan, the chairman of the US Federal Reserve, reacted to fresh signs of distress among America's blue-chip firms yesterday with the grim message that the sharp ...
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Rates may climb higher
The Bank of England indicated today that interest rates may have to start rising later this year in order to keep a lid on inflation.
The minutes of this month's me...
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Greenspan hints at further rate cuts
The Federal Reserve chairman, Alan Greenspan, today held out the prospect of lower interest rates if US economic growth does not pick up soon.
But any additional reducti...
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Accounting & Auditing 
