Tuesday, October 13, 2015   

Bank of England continues on low rates course
(02-12 19:04)

Bank of England Governor Mark Carney has stressed that interest rates will not rise any time soon even though the British economy is growing stronger than anticipated.
With wages and price pressures subdued and the recovery not spread equally through the country, Carney says now is not the time to raise interest rates.
In the bank's quarterly economic projections today, he reinvented his policy of forward guidance to give people a better sense of when rates might rise. Carney says the bank will consider a range of parameters before deciding to raise rates.
Carney introduced “forward guidance'' when he took the job last summer, saying the bank wouldn't raise record-low interest rates before unemployment dropped to 7 percent. He was forced to update that policy because unemployment is nearing that level.—AP
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German investor confidence takes a beating (2 hrs 18 mins ago)
Hang Seng drops, Shanghai climbs (10-13 16:31)
London stocks lower after China data (10-13 16:18)
HK, China stocks fall (10-13 13:17)
China exports and imports weaken further (10-13 12:16)
Dell in US$67b deal to buy EMC (10-12 20:29)
Ford plows US$1.8b into China to develop advanced auto technologies (10-12 19:53)
Glencore to offload copper mines in Australia and Chile (10-12 18:38)
Ex-banker Falciani who lifted lid on HSBC Swiss unit tax dodger accounts, skips trial (10-12 18:20)

More breaking news >>

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