Stewart Robertson News
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Chancellor of the Exchequer George Osborne came under renewed criticism after Britain’s recession deepened in the second quarter, prompting questions about his economic plans and whether he should remain at the Treasury.
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Bank of England Deputy Governor Paul Tucker may be asked to give his version of events to lawmakers over a telephone call with Barclays Plc’s Robert Diamond as the Libor furor intensifies.
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Aviva Investors, which manages the equivalent of $420 billion, says it is preparing for this weekend’s Greek elections by betting the euro will weaken and European stocks will decline.
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When the British economy fell back into a recession at the end of last year, Ryan Hall, 24, lost his job, his home and the means to feed his family.
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Europe’s unexpectedly sharp economic slowdown has increased the risk of another recession and may prevent the European Central Bank from raising interest rates again this year.
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Ed Balls , named Treasury spokesman for the U.K.’s opposition Labour Party yesterday, may intensify the battle over budget cuts with Conservative Chancellor of the Exchequer George Osborne .
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German 10-year bund yields fell to a record low after European Central Bank President Jean-Claude Trichet said “downside risks” to the economy have intensified and inflation concerns had eased.
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The Bank of Japan may have acted first in a round of central bank action to prop up the global economy as recoveries in industrial nations falter.
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European Central Bank President Mario Draghi’s success in quelling a bond-market rout across the euro region’s periphery masks a failure by the region’s banks to bolster their capital.
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The U.K. economy grew half as much as forecast in the first quarter, underscoring the fragility of the recovery as Prime Minister Gordon Brown struggles to convince voters that his party deserves a fourth term.
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