Nov 5th, 2009 - New York Times
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LONDON - The Bank of England decided Thursday to inject another £25 billion into the economy to try to spur a recovery after surprising data showed the recession in Britain had dragged into the autumn.
Along with the stimulus, equal to more than $40 billion, the central bank also decided to leave the benchmark interest rate at 0.5 percent. Later on Thursday, the European Central Bank kept its main rate steady as well, at 1 percent.
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Ahead of the Bell: Wholesale Inventories
Nov 6th, 2009 - Boston
WASHINGTON—Businesses likely slashed wholesale inventories for a record 13th consecutive month in September. But analysts expect sales rose for a sixth straight month. Steadily rising sales could encourage businesses to restock shelves...
UK October Producer Prices Rise 0.2% as Costs Jump
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- U.K. producer prices rose for aneighth month in October as oil and import costs gained andmanufacturers sought to defend profit margins damaged in thelongest recession on record.
Trichet Signals First Step in ECB Exit From Emergency Stimulus
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- The European Central Bank took itsfirst step toward removing emergency stimulus measures designedto haul its economy out of recession, saying it won’t offercommercial banks 12-month loans next year.WORLD FOREX: Dollar Little Changed After BOE, ECB Stand Pat
Nov 5th, 2009 - Wall Street Journal
TORONTO (Dow Jones)--The dollar is marginally higher against the euro and down slightly versus the yen early Thursday, with the currency market so far registering only...
Bank of England faces key stimulus decision
Nov 4th, 2009 - Houston Chronicle
LONDON — The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
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