Jun 15, 2012 05:11 PM IST
Nick Parsons of National Australia Bank explains to CNBC-TV18 that the rally in the markets was due to investors closing in their short positions. He adds that any durable rally would depend on the outcome of the meeting of the G20 in Mexico.
- May 28, 2012 01:12 PM IST
Two decades ago, George Soros rose to fame and fortune on his now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound.
- May 24, 2012 02:42 PM IST
Britain fell deeper into recession than first thought in the first quarter of this year after a sharp drop in construction output, raising the likelihood the Bank of England will need to inject more stimulus to protect the economy from the raging euro zone debt crisis
- May 13, 2012 10:32 AM IST
Thousands of Spaniards fed up with economic misery and waving banners against bankers marched on Saturday to mark the first anniversary of the grassroots "Indignados" movement that has sparked similar protests around the world.
- May 10, 2012 04:42 PM IST
The Bank of England voted not to give Britain's struggling economy another cash injection on Thursday as concerns over stubbornly high inflation outweigh the risk of a prolonged recession and renew dangers from the euro zone debt crisis
- May 10, 2012 04:02 PM IST
The euro hovered near 3-1/2-month lows and shares fell on Thursday, with weak Chinese trade data stoking fears of slower growth and undermining risk appetite as European leaders struggled to contain a worsening debt crisis.
- May 10, 2012 09:02 AM IST
The Bank of England looks set to call a halt to its asset-buying programme on Thursday, despite the economy having slipped into recession and renewed risks rising from the eurozone debt crisis, as UK inflation remains stubbornly high.
- Apr 25, 2012 04:22 PM IST
Britain's economy is in its second recession since the financial crisis, data showed on Wednesday, heaping pressure on Prime Minister David Cameron's coalition government as it battles a series of political embarrassments.
- Apr 20, 2012 07:56 PM IST
Two key central bank meetings and a string of big data releases in the coming week should sharpen the debate over slowing growth and rising inflation risks, and may shake the markets out of the doldrums which followed a bumper first quarter for asset prices.
- Apr 18, 2012 04:46 PM IST
Fears of a resurgence in the euro zone debt crisis boosted demand for safe-haven German bonds on Wednesday, while the Bank of England and a European Central Bank official signalled more monetary policy easing measures were unlikely.
- Apr 05, 2012 04:42 PM IST
The Bank of England left its monetary policy on hold on Thursday, judging that no addition to its current stimulus was yet necessary as the economy looks to be stumbling back to growth.
- Feb 09, 2012 11:52 PM IST
The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the economy to bolster a fragile recovery and shield Britain from fallout from the unresolved euro zone debt crisis.
- Feb 09, 2012 06:12 PM IST
The Bank of England voted to inject another 50 billion pounds into the financial system as part of its efforts to shore up a fragile recovery in the economy, which remains at risk of slipping back into recession.
- Jan 12, 2012 05:50 PM IST
The Bank of England kept its quantitative easing programme of asset buying to prop up Britain's fragile economy at 275 billion pounds on Thursday, opting not to increase it after recent mixed economic data.
- Dec 08, 2011 06:58 PM IST
Last fortnight proved to be vulnerable for high yielding currencies as political uncertainties over the implementation of EFSF were mounting on the Euro zone.
- Dec 05, 2011 08:29 AM IST
The US markets erased most of their earlier gains to finish near the flat-line in thin trading. Still all three major averages posted an impressive gain of over 7% for the week.
- Nov 16, 2011 04:49 PM IST
The deluge of bad news from Europe continues as Bank of England today announced a cut in Britain's growth and inflation forecasts.
- Nov 10, 2011 06:32 PM IST
The Bank of England left its target for asset purchases steady on Thursday despite an escalation in the euro zone debt crisis, which many analysts believe may soon force the Bank to inject more stimulus.
- Oct 11, 2011 12:00 PM IST
Robert Parker of Credit Suisse Asset Management believes that the recent market recovery seen in global equity markets was driven by Bank of England (BoE)’s aggressive monetary policy action of expanding quantitative easing program by 75 billion pounds.
- Sep 22, 2011 12:40 AM IST
The Federal Reserve on Wednesday dialed up its aid to the beleaguered US economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector.
- Sep 12, 2011 10:40 AM IST
The Reserve Bank of India (RBI) is widely seen delivering the last rate increase in its 18-month-long tightening cycle on Friday as inflation pressures continue to remain strong.
- Sep 05, 2011 03:50 PM IST
Activity in Britain's dominant services sector slowed at the fastest pace in a more than a decade last month, and firms' confidence in future business weakened to a one-year low, adding to evidence of a stalling economic recovery.
- Aug 10, 2011 06:21 PM IST
The Bank of England cut its growth forecasts on Wednesday and said inflation would fall rapidly in 2012, indicating that monetary policy will need to remain ultra-loose this year and next as the global economy and financial markets struggle to stabilise.
- Jul 07, 2011 06:16 PM IST
The Bank of England kept its key interest rate at a record low on Thursday, as expected, and is likely to stay put for the rest of the year as the economy struggles to gain momentum.
- Jun 28, 2011 05:51 PM IST
The European Union warned Greek lawmakers on Tuesday their country faced immediate default unless they approve a hated austerity plan, as strikers began new mass protests against the EU/IMF-imposed measures.