Economic News

By Charlotte Gill and Justin Harper, Daily Mail15 November 2006 Today's young entrepreneurs are the most talented in history, Gordon Brown said yesterday. He was speaking at the third Daily Mail Enterprising Young Brits awards, where he presented trophies to eight of Britain's most promising businessmen and women. PRAISE: Gordon Brown, with Kevin Steele of Make Your Mark, and Rebecca Philipson. Click on 'enlarge' to see all the winners OTHER STORIES Fish & chip ins ...

The Bank of England has hinted that the inflation target of 2% may be hit more quickly than earlier thought, with only a limited interest rate rise needed. In its quarterly inflation report, the Bank said the target could be met if rates were at 5.1% early next year and 5.2% later in 2007. Analysts have been predicting a further rate rise to 5.25% from the current 5%. The Bank also said the outlook on growth was "slightly stronger" than it had tipped in August. The news comes a week after ...

LONDON (AFX) - Bank of England governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one. The BoE believes that inflation in the UK will return towards target quicker than it anticipated just three months ago, with the headline rate actually dipping below 2 pct if one more rate rise materialises. In its quarterly economic projecti ...

(Updating to add comments on migration, international economy, wages, inflation) LONDON (AFX) - Bank of England governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one. The BoE believes that inflation in the UK will return towards target quicker than it anticipated just three months ago, with the headline rate actually dipping b ...

LONDON (AFX) - Sterling edged slightly lower following the release of what analysts saw as dovish comments from the Bank of England on the outlook for inflation. At 10.45 am, the pound had eased to 1.8865 usd from 1.8888 immediately prior to the release of the Bank's statement at 10.30 am. Sterling was unchanged against the euro at 0.6775 pence. In its latest quarterly Inflation Report, the Ban ...

LONDON (AFX) - The Bank of England thinks that inflation in the UK will return towards target quicker than it anticipated just three months ago, with the headline rate actually dipping below 2 pct if one more rate rise materialises. In its quarterly economic projections, the central bank also said it thinks that the UK economy will grow by more than it anticipated in the August Inflation Report.  ...

LONDON (AFX) - The pound will be in the spotlight this morning when the Bank of England releases its latest quarterly economic projections. Key to the pound's performance will be whether the market interprets the BoE as thinking that its rate hikes in August and November are enough to rein in inflationary pressures. Most analysts think that the GDP projection will be broadly similar to August, w ...

HONG KONG (XFN-ASIA) - Share prices rose sharply to hit another record closing high, driven by liquidity-driven interest in China Mobile and other mainland-related stocks on speculation of a further yuan appreciation and general bullishness about China's economic growth, dealers said. Property stocks were also higher due to prospects of stable US interest rates after a US Federal Reserve official ...

China's industrial output grew at its slowest annual rate in almost two years in October, official figures show. Although production increased by 14.7% during the month from a year earlier, it was down from the 16.1% growth seen in September, the government said. Chinese factories have been shifting down a gear, as Beijing tightens some controls on credit and investment. Despite the slowdown in output growth, Chinese retail sales and export demand remained strong during October. October's i ...

HONG KONG (XFN-ASIA) - Share prices ended the morning higher on strong buying of select China-related and property stocks, driven by prospects of steady US interest rates and a further appreciation of the yuan, dealers said. They said sentiment was generally bolstered by a US Federal Reserve official's comment indicating the Fed will maintain its policy of stable interest rates, while speculation ...