Strong rebound in service sector puts paid to rate cut
The prospect of another interest rate cut this year faded yesterday after an influential survey of the services sector showed a strong rebound last month. The sector incl...
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Fed raises rates for 12th time - and warns of more pain to come
Rising inflation prompted the 12th successive increase in US interest rates last night, with a warning from the Federal Reserve that further rises in borrowing costs for ...
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Two-speed Viacom growth rates justify split
Viacom yesterday justified its decision to split the business in two, with third quarter results that showed sharply differing rates of growth among its various units. Th...
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How he rates: Theo Walcott, Southampton
At 16, Theo Walcott looks a prodigious talent, and he has strengthened his reputation by scoring three goals in his past three games for Southampton. Even before he broke...
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Fed will raise rates again to halt oil price inflation
The Federal Reserve will increase US interest rates for the 12th time on Tuesday as Alan Greenspan and his colleagues seek to mitigate the inflationary impact of high oil...
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Hawkish ECB hints at pre-emptive rate rises
Leading members of the European Central Bank yesterday warned that it could soon raise interest rates for the first time in five years to combat rising inflation and stif...
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Bank governor dashes hopes of rate cut to boost growth
The Bank of England governor, Mervyn King, moved to quell any lingering hopes of an interest rate cut arriving next month by emphasising that the Bank is targeting inflat...
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Bank rate-setters did not even discuss cut
The prospect of a cut in interest rates next month receded yesterday when minutes of October's meeting of the Bank of England's monetary policy committee revealed that th...
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Bank unanimous on holding rates
Expectations of an imminent rate cut faded today as it emerged that the Bank of England's monetary policy committee had declined to discuss the case for lower borrowing c...
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Small rise in cost of living keeps door ajar for cut in interest rates
Stiff price competition in Britain's retail sector softened the blow of rising energy prices on the cost of living last month and kept the door ajar for the Bank of Engla...
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