By Reuters UK
The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth. (4:21 pm)
MORE TOPICS:
UNEMPLOYMENT, IMF, BANK OF ENGLAND, QUANTITATIVE EASING, INVESTMENT
By Reuters
Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis. (1:35 pm)
MORE TOPICS:
GOLDMAN SACHS, EUROPEAN UNION, MORTGAGE, INVESTMENT
By Reuters UK
LONDON, May 23 - The Bank of England will pump more money into the faltering British economy if the euro crisis causes more mayhem, minutes of the Bank's last meeting showed on Tuesday, as data revealed a sharp pull back in spending by skittish consumers. (11:56 am)
MORE TOPICS:
IMF, BANK OF ENGLAND, QUANTITATIVE EASING, LONDON
By Reuters UK
Saudi Arabia, concerned that chaos in Yemen is creating an al Qaeda base on its doorstep, pledged $3.25 billion in aid to its neighbour at a donor group meeting two days after more than 90 Yemeni soldiers were killed in a suicide attack. (11:42 am)
MORE TOPICS:
AL-QAEDA, EUROPEAN UNION, RUSSIA, UNITED ARAB EMIRATES, EGYPT
By IBTimes
Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system. (11:32 am)
MORE TOPICS:
ELECTIONS, EGYPT, MANAGEMENT, INVESTMENT
By Reuters UK
The Bank of England's policymakers already saw a case for more monetary stimulus in May as the euro crisis posed risks to the faltering economy, minutes to their last meeting showed. (11:14 am)
MORE TOPICS:
QUANTITATIVE EASING
By Reuters
The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. (4:35 am)
MORE TOPICS:
CHINA, EUROPEAN UNION, JAPAN, EARTHQUAKE, INVESTMENT
By Reuters UK
Lawyers for the hotel maid who accused Dominique Strauss-Kahn of sexual assault added another claim to her civil lawsuit against him Tuesday, taking advantage of a little-used New York City law that applies to "gender-motivated violence.". (12:00 am)
MORE TOPICS:
IMF, NEW YORK, LAWYER, LAWSUIT
By IBTimes UK
The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said. (6:30 pm)
MORE TOPICS:
UNEMPLOYMENT, IMF, BANK OF ENGLAND, LONDON, GDP
