BoE sees no serious inflation risks in U.K.

Source: Reuters
According to the Bank of England minutes for the meeting of November 6-7, the MPC members unanimously decided to keep the main interest rate on the record-low level of 0.5%. Moreover, the amount of bonds' purchases was kept at 375 billion pounds. The BoE officials say that there are no significant inflation risks in the U.K. at the moment, while the economy will continue to recover.
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Wed, 20 Nov 2013 12:02:13 GMT

Nokia shareholders agreed to sell mobile phone division

Nokia Corp. shareholders agreed to sell the mobile phone making division to Microsoft Corp. for 5.44 billion euro, as the Finnish company had significant problems to get any profit from that unit during last three years. More than 99% of Nokia shareholders approved the deal. After the sale, Nokia Corp. will focus on its Solutions and Networks division, as it

Wed, 20 Nov 2013 11:40:04 GMT

All-industry activity advances in Japan

Economic activity in almost all the main sectors of Japanese economy grew in September of the current year, matching the experts' expectations. The indicator rose 0.4% from the previous month, advancing for a third month in a row. Manufacturing production added 1.3% after a 0.9% increase in August. Construction sector surged 1.4%, while activity in the service sector dropped 0.2%.

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