ECB rate cut seeks to protect fragile eurozone
The European Central Bank yesterday admitted that eurozone economies were too weak to withstand the surging single currency, when it cut borrowing costs to a record low o...
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US jobless rate hits nine-year high
The US jobless rate hit its highest level for nine years in May, official figures showed today. However, Wall Street took heart from the fact that the job losses were sma...
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ECB cuts interest rates by 0.5%
The European Central Bank today cut interest rates by 0.5% to 2% after the eurozone stagnated at the beginning of the year.
According to the EU statistics office, gross ...
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Rate cut unlikely after services rally
The prospects of an interest rate cut dimmed today as the key services sector was shown to have expanded for the second month running in May.
Service sector firms - whic...
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Breast cancer diagnoses hit all-time high but death rates fall
Breast cancer diagnoses are at an all-time UK high of more than 40,000 a year, and look unlikely to stop rising soon.
The reasons for the climb were unclear, said Cance...
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Euro-dollar rate at four-year high
The euro yesterday soared above its launch level against the dollar for the first time in more than four years, putting the European Central Bank under intense political ...
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Knife-edge rate vote raises hopes of cut
The Bank of England dropped a broad hint yesterday about a possible cut in interest rates after revealing that four of the nine members of its monetary policy committee h...
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Bank was split over rates decision
The Bank of England came within just one vote of cutting interest rates earlier this month, Bank minutes revealed today.
The minutes showed the Bank's monetary policy co...
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Bank goes online with high rates
Savers were today being offered a new place to stash their cash, as Dutch banking group ING launched its web and phone-based operation in the UK.
ING unveiled its Direct...
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Sterling in meltdown as rates are frozen
Sterling fell to its lowest level against the euro yesterday after a nervous Bank of England shrugged off pleas from industry and kept rates unchanged at 3.75%.
Caught ...
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