BoE cuts rate, ECB holds (Video)

April 11, 2008

* BoE cuts interest rate by .25 points to 5.0 percent* ECB holds rate at 4.0 percent eyeing inflation* Alitalia protesters make a splash in Rome* Alitalia protesters make a splash in Rome

Written by Mr. O · Filed Under Bank of England, Banks, Currencies, Dollar, EU, Euro, Germany, U.K., Videos | Leave a Comment

With US in crisis, global economy in peril: IMF

April 9, 2008

The global economic outlook is becoming increasingly grim as the United States appears unable to escape recession from a housing meltdown whose effects are still spreading, the IMF said Wednesday. Global expansion is set to slow to 3.7 percent in 2008…

Written by Mr. O · Filed Under EU, Forcast, Germany, U.K., United States, World | Leave a Comment

German bank is credit casualty (Video)

April 9, 2008

* German Weserbank forced to close* IIF proposes toucher industry standards* HSBC grabs slice of UK mortgage market* HSBC grabs slice of UK mortgage market

Written by Mr. O · Filed Under Banks, EU, Germany, Markets, Videos | Leave a Comment