Archive for June, 2010
Economy boost as business investment soars
The Office for National Statistics (ONS) today reported business investment in Britain soared in the first quarter of the year, suggesting the economic recovery is gathering pace.
According to the ONS, business investment grew 7.8% to £29.14 billion in the period – an improvement on the 6% increase initially reported, but 7.7% down on the same [...]
Stock markets recover as euro zone banks borrow less than expected
Global stock markets were rocked yesterday with the news that euro zone banks may face funding difficulties after it was revealed that the European Central Bank (ECB) would not be offering 12-month loans.
A year ago, the ECB was forced to offer European banks 12-month loans at low interest rates to help them survive the financial [...]