Economic News

Credit crunch moving into new phase - Reuters - Thu 15 May, 09:21 PM
The credit crunch is moving into a "third phase," affecting the real economy, but concerns about banks' capital and solvency have been largely resolved, a top financial watchdog official said on Thursday.

Bush sees talks with Ahmadinejad as "appeasement" - Reuters - Thu 15 May, 08:41 PM
U.S. President George W. Bush stirred up the campaign to replace him on Thursday, suggesting Democratic front-runner Barack Obama's pledge to meet Iran's leader was akin to U.S. appeasement of Nazi Germany before World War Two.

Brown hopes for rate cuts - Reuters - Thu 15 May, 07:39 PM
Prime Minister Gordon Brown denied on Thursday that his tax policies were breaking the government's fiscal rules and said he hoped the Bank of England would be able to cut interest rates further.

BT's Verwaayen signs off with strong results - Reuters - Thu 15 May, 05:57 PM
BT Chief Executive Ben Verwaayen signed off his last set of results on Thursday as fourth quarter earnings met targets, revenues beat expectations and Britain's biggest fixed-line provider forecast more growth ahead.

UK money market rates - AFX - Thu 15 May, 04:36 PM
LONDON (Thomson Financial) - INTERBANK OFFERED RATES

European bonds track Treasuries off lows following weak U.S. data - AFX - Thu 15 May, 04:28 PM
LONDON (Thomson Financial) - European bonds came off lows, tracking the slightly better performance of their U.S. counterparts, following a raft of weak data from the world's largest economy.

THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 BST - AFX - Thu 15 May, 03:45 PM
2008-05-15 15:22:19

DSGi turnaround fails to thrill - Reuters - Thu 15 May, 03:14 PM
Europe's biggest specialist electricals retailer DSG International <DSGI.L> cut costs and lowered its dividend on Thursday as it prepares for U.S. heavyweight Best Buy's <BBY.N> expansion across Europe but analysts warned it would not be enough.

Housing starts slow sharply - ShareCast - Thu 15 May, 01:49 PM
LONDON (ShareCast) - New housing starts in England tumbled by 24% in the first quarter from the same time last year as housebuilders considered the high cost of mortgages and falling house prices.

Brown says new economic cycle has begun 01:47 PM [ Reuters]
IMF chief says worst of financial crisis is over UPDATE 12:38 PM [ AFX ]
UK interbank lending rates climb as markets scale back rate cut expectations 12:17 PM [ AFX ]
England Q1 housing starts down 24 percent year-on-year - govt UPDATE 12:07 PM [ AFX ]
England first-quarter housing starts down 24 percent year-on-year - government 11:33 AM [ AFX ]

Brown to save economy 11:32 AM [ ShareCast]
Edwards backs Obama's White House bid 11:22 AM [ Reuters]
European bonds slump after strong euro zone GDP, inflation data 10:52 AM [ AFX ]
BoE 13.8 bln pound weekly money market auction receives 78.3 bln pounds of bids 10:34 AM [ AFX ]
TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST 10:26 AM [ AFX ]

Housing starts fall 24 pct in first quarter 10:17 AM [ Reuters]
Brown hopes Bank can cut interest rates further 08:39 AM [ Reuters]
Brown says hopes Bank can cut rates further 08:26 AM [ Reuters]
Hungary Q1 GDP up 0.3 percent vs Q4; up 1.6 pct yr-on-yr UPDATE 08:23 AM [ AFX ]
Thomas Cook says summer 2008 trade remains strong 07:58 AM [ Reuters]

Agricole to sell assets and restructure Calyon 07:54 AM [ Reuters]
Edwards to endorse Obama's White House bid 11:17 PM [ Reuters]
Clinton presses on as Obama looks ahead 10:19 PM [ Reuters]
Aircraft parts supplier to hire 1,000 at NC Global TransPark 07:35 PM [ AFX ]
Clinton pushes on with uphill White House bid 05:34 PM [ Reuters]

Bank gloomy on outlook 05:12 PM [ Reuters]
UK gilts slump after BoE ramps up inflation forecast; European bonds down 04:49 PM [ AFX ]
Clinton vows to keep her uphill bid alive 03:13 PM [ Reuters]
Bank gives gloomy outlook 02:36 PM [ Reuters]
Inflation overtaking growth as fund managers' main fear - Merrill survey 01:49 PM [ AFX ]

UK interbank lending rates up across most maturities 01:35 PM [ AFX ]
Jobless claimant count up again 01:28 PM [ Reuters]
UK govt reveals plans to help home buyers, improve banking regulation UPDATE 01:28 PM [ AFX ]
Brown announces housing aid and banking reforms 01:21 PM [ Reuters]
UK unemployment up three months running 12:47 PM [ ShareCast]

FTSE flat as Bank juggles growth with inflation 12:19 PM [ Reuters]
Bank sees inflation clearly above target in 2 years 12:07 PM [ Reuters]
BoE's King issues inflation warning 12:05 PM [ ShareCast]
Bank sees inflation well above target in 2 years 11:49 AM [ Reuters]
BoE's King says UK may well suffer 'odd quarter or two' of negative growth 11:44 AM [ AFX ]

Forex - Pound dives as BoE warns of inflation hitting 4 percent UPDATE 11:26 AM [ AFX ]
BoE sees high risk of UK CPI inflation rising to near 4 percent by autumn 2008 10:47 AM [ AFX ]
European govt bonds sharply lower as inflation worries dominate 10:36 AM [ AFX ]
Claimant count rises for third straight month 10:13 AM [ Reuters]
UK April claimant count up 7,200, marking third consecutive rise 09:45 AM [ AFX ]

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