Archives
BoE Halts an Aspect of Its Q...
In an unexpected and surprising move, the Bank of England (BoE) recently stopped buying bonds that have a 2017 maturity date with a coupon of 8.75pc, after bond dealers rose the price to more than 140...
European Union Expected to U...
According to David Gow at The Guardian, the European Union plans to launch a €50 billion investment scheme that will revolutionise energy, digital, and transportation networks, thereby leading to th...
UK Taxpayers May Need to Hel...
After forecasts issued by the Ernst & Young ITEM club have deemed Britain’s economic situation as “worse than thought,” a €2 trillion bailout is expected to be finalised next week...
Philips Electronics Expected...
After recording a massive 85pc drop in net profit, going from €524 million to only €76 million, Philip Electronics has opted to cut at least 4500 jobs to save about €800 million in order to offs...