Economy Live

In an unprecedented move five major central banks of rich nations including the Bank of England, the US Federal Bank, European Central Bank and the central banks of Canada and Switzerland have come together to inject new money into the global economy..

The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that.

After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE. Temasek have made the approach in...

The Bank of England signaled further to increase its interest rates to bring inflation down to the announced target as unemployment fell to the lowest since October 2005. The U.K. central bank estimated inflation will dip to around 1.8 percent in..

The rising inflation in the UK is propelling all pay deals above 4%. A report released by the Income Data Services (IDS) of England shows that the normal pay deal held stable at 3.5% in the preceding three months to April has now crossed one percent..

The Bank of England has decided to hold UK interest rates unchanged at 5.25 percent. The decision to hold the rate was also taken with a view to help the stock market to continue its comeback from recent heavy setbacks. Despite the fact that it is...

Due to steep falls in global crude oil, Inflation unexpectedly tumbled to 2.7% last month, recorded down from a 15-year high of 3% in December. Prices fell to 0.8%, all time low in four years as air fares, food prices and telephone charges falls helped...

A recent report has warned that if Bank of England continued to raise interest rates, UK economic growth could fall below 2 percent. The British Chamber of Commerce (BCC) in its latest report indicated that UK's economic growth may take a downward..

In a surprising move, the Bank of England raised interest rates to 5.25 percent up by a quarter of a percentage point. The decision has astounded investors as the bank moved ahead with hiking interest rates to ward off rising inflation rates amidst a.