U.K. economy shrinks

Note: This section contains information in English only.
Source: Bloomberg
The U.K. economy growth was the slowest in the second quarter since 2009, against economists' expectations of a 0.2% decline. According to the Office for National Statistics, GDP declined 0.7% from the Q1, when it fell 0.3%. Signs of escalating recession may forces the government to undertake more decisive measures to bolster economic growth even after the BOE implemented asset purchase programme.   
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Thu, 26 Jul 2012 07:42:45 GMT

Central banks search for innovative ways to combat the slowdown

Central banks across the globe are searching for innovative ways to stimulate bank lending and keep ailing global economy afloat. Officials from the Fed, the ECB and the BOE will meet next week in order to discuss new strategies to struggle with the slowdown. One of the options to consider is to take some of the risk of new lending

Thu, 26 Jul 2012 17:51:39 GMT

Ford earnings better than forecasts

Ford Motor posted a second quarter report with higher than expected earnings, but also the company doubled its estimates for losses in Europe, where debt crisis is far away from being resolved.  Soon after the report, company's shares jumped higher than 1 per cent. Company's quarterly revenue declined by 6.2 per cent to $33.3 billion, mostly because of the loss of $404 million in

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