Saturday, July 10, 2010

BBC News Business Economy World Edition

IMF raises global growth estimate
The International Monetary Fund raises its world economic growth forecast for 2010 from 4.2% to 4.6%, but downgrades the UK.
Osborne defends OBR independence
Chancellor George Osborne defends the independence of the forecasting body, the OBR, amid reports it revised key numbers.
US releases delayed yuan report
The US Treasury's much-overdue report on China's currency says it is undervalued - but does not mention 'manipulation'.
Canadian employment rises sharply
Canada's employment levels surged by 93,200 in June, a far higher figure than analysts had expected.
UK rates kept at record low 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.
Banks optimism spurs market rally
A market rally in stocks, oil and the euro enters a third day, on hopes that European banks will pass stress tests.
Eurozone rates kept on hold at 1%
The ECB holds eurozone interest rates at a record low of 1% for the 14th month running, as expected.
Plan to change private pensions
The government wants to change the way some private sector pensions are calculated, affecting future income rises for many.
UK house prices wilting in summer
UK house prices have fallen slightly in the early summer compared with the start of the year, the Halifax says.
Manufacturing sees strong growth
UK manufacturing output grew in May at its fastest pace in more than 15 years, official data indicates.
US to access Europe's bank data
The European Parliament backs a new deal to allow US anti-terror investigators to access Europeans' bank data.
Quicker mobile switching planned
Mobile phone users will be able to transfer their number to a new provider in one working day, the regulator says.
Australian employment up sharply
Australia's employment level surged by 45,900 in June, far more than economists had expected, figures show.
Germany trade increases sharply
German imports rise at their fastest rate since the country's unification in 1990, outpacing a sharp rise in exports.
China to tax sales of oil and gas
China confirms that a new tax on sales of primary resources, being tested in Xinjiang, will be rolled out nationwide.
New bridge plan for MozambiqueMozambique's government has announced plans to build a $132m (£87m) bridge across the Zambezi River to help tap coal reserves.
Ageing EU gets pensions warning
Low EU birth rates and ageing populations mean member states must reform pension systems, the European Commission says.
MEPs approve bank bonuses limit
The European Parliament formally approves a deal placing new limits on bankers' bonuses from next year.
Up in smoke: Cuban cigars cut back in response to falling demand
Cuba has been forced to cut its tobacco harvest in response to a fall in demand for its famous Cuban cigars.
Cut consequences
How scrapping quangos will hit one UK town
Stephanomics
Office for Budget Responsibilty: Can it be independent?
Money trail
Anti-terror deal gives US access to bank data
Hewitt on Europe
Spain win on the pitch, but lose economically
Recovery hurts
Why recovery can be bad for you - and recession good
Bogus taxpayers
Illegal immigrants who always pay their dues

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