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The Bank of England is seen through the columns of a neighbouring building in London March 19, 2008. The Bank of England needs to balance upward pressures on inflation stemming from higher energy costs with downward pressures should the economic slowdown prove prolonged, according to policymaker Andrew Sentance.

BoE's Sentance sees inflation risks on both sides

Reuters - Saturday, May 10 01:54 pm

LONDON (Reuters) - The Bank of England needs to balance upward pressures on inflation stemming from higher energy costs with downward pressures should the economic slowdown prove prolonged, according to policymaker Andrew Sentance. More »

  • Israeli Prime Minister Ehud Olmert gives a statement at his house in Jerusalem May 8, 2008. Olmert admitted on Thursday that he accepted campaign donations from an American businessman but denied that they were bribes and said he would only resign if he were indicted.

    Palestinian negotiator worries about Olmert impact

    Reuters - Saturday, May 10 01:49 pm

    RAMALLAH, West Bank (Reuters) - The Palestinians' top peace negotiator said on Saturday he feared a criminal investigation of Israeli Prime Minister Ehud Olmert could damage the chance of a deal this year on Palestinian statehood. More »

  • Five Gaza militants and Israeli killed in violence

    Reuters - Friday, May 9 10:57 pm

    KFAR AZA, Israel (Reuters) - A Palestinian mortar attack from the Hamas-controlled Gaza Strip killed an Israeli civilian on Friday, a police spokesman and ambulance workers said. More »

  • Gaza mortar attack kills Israeli civilian

    Reuters - Friday, May 9 09:46 pm

    KFAR AZA, Israel (Reuters) - A Palestinian mortar attack from the Hamas-controlled Gaza Strip killed an Israeli civilian on Friday, a police spokesman and ambulance workers said. More »

  • President of the European Central Bank, Jean-Claude Trichet gestures during a press conference in Athens following a meeting by the ECB governors on May 8, 2008. Financial market turbulence has led to a tightening of eurozone credit standards, particularly for loans to big companies, the European Central Bank said on Friday.

    Big eurozone companies facing tighter credit conditions: ECB

    AFP - Friday, May 9 05:24 pm

    FRANKFURT (AFP) - Financial market turbulence has led to a tightening of eurozone credit standards, particularly for loans to big companies, the European Central Bank said on Friday. More »

  • People walk past the London Stock Exchange. Leading London shares closed lower, with a fall on Wall Street hurting UK companies across the board, including financials.

    London shares close lower

    AFP - Friday, May 9 05:12 pm

    LONDON (AFP) - Leading London shares closed lower, with a fall on Wall Street hurting UK companies across the board, including financials. More »

  • Men walk past a Citibank sign outside its Tokyo branch November 5, 2007. REUTERS/Toru Hanai

    Citigroup aims to sell $400 billion of assets

    Reuters - Friday, May 9 02:24 pm

    PHILADELPHIA (Reuters) - Citigroup , the largest U.S. bank, said on Friday said it aims to shed $400 billion (205 billion pounds) of assets over the next two to three years, in a drive to become more efficient. More »

  • Dresdner losses weigh as Allianz breaks up bank

    Reuters - Friday, May 9 12:41 pm

    FRANKFURT (Reuters) - Fresh writedowns approaching 1 billion euros (793.3 million pounds) kept Germany's Dresdner Bank firmly in the red in the first quarter, adding to pressure on parent Allianz to cut its losses and break it up. More »

  • NAB's UK banks say funding strength sustainable

    Reuters - Friday, May 9 10:58 am

    LONDON (Reuters) - Yorkshire and Clydesdale Banks will sustain funding levels and capital ratios at the top end of the sector despite ongoing market turbulence, the UK head of parent company National Australia Bank said on Friday. More »

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