Finance Industry News

BoE Governor King

Britain’s recovery from the recession will be slower than expected, the Bank of England warned today.

Governor Mervyn King downgraded the forecast given three months ago and said the economy ‘continued to bump along the bottom’.

Amid fears of a damaging double dip recession, Mr King cautiously said a ‘gradual recovery in output may now be in prospect’.

But he warned: ‘The strength of the recovery is highly uncertain.’

He downgraded the Bank’s growth forecasts for this year from the 4 per cent predicted in November to around a ’somewhat less strong’ 3.5 per cent.

UK Dailymai

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Let’s have some fun today with a giveaway!

Emma’s pregnancy is at 35 weeks, 4 days today, which means that Sara will soon enter this world! I want to take this opportunity to thank you for your support, and since I haven’t really done one in a long time, let’s do a giveaway!

How to Enter

It’s easy to enter.

• Leave a comment below (one comment per person please)
• Include your estimate of when Sara will be born along with her birth weight.
• For example, a comment with “Sara will be born on March 11, with a weight of 7 lb 4 oz” or something similar will suffice.

How and When the Winner will be Picked

The winner will be the person with the closest estimated delivery date. In the event

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There are two main threats currently facing the Chinese economy, and to the chagrin of the country’s policymakers, the yuan is caught squarely in the middle.

China’s central bankers have long been accused of pursuing a policy deliberately aimed at weakening the yuan to help ensure the competitiveness of China’s exports in the global marketplace. Indeed, it was China’s ability to manufacture and market goods at cheaper rates than most other exporting nations that helped make China the world’s leading exporter.

One unintended side effect of this growth however, has been a rapid increase in domestic consumerism. This is t

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What do you think of the iPad?
No other product has even come close to the buzz that iPad generated. We were talking about it amongst friends, family and colleagues; at dinner, home and twitter too.

Yet, many of us are spending our time wondering why anyone on earth will pay for this, while others are scratching their head with its name choice. Still, there are a select few who are very excited about this announcement. These people, who are making millions with the iPhone, told me about some of the apps that they are thinking of developing. I will list 10 of these, which should help get your own creative juices flowing.

1.

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Oil producers’ cartel Opec has told the BBC that compliance with production targets fell to 50-56% last month compared with 80% a year ago.

Secretary General Abdalla Salem El-Badri told the BBC’s Business Daily programme the move was “worrying”.

“The risk is you see a lot of oil in the market and no one is buying it. Then the price will come down.”

At its last meeting in Angola, Opec decided not to change the amount of oil being produced by its members.

Oil prices have doubled from their lows of December 2008, but are way down on the record $147 a barrel reached in July 2008. US light, s

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My RSS Feed is a cluster$#%@ of about 50 different sites and blogs that I follow. Yes, I am dying a slow death from information overload. But I just can’t close the door on my feeds!

Instead of patting the backs of my fellow personal financiers, I thought it would be fun to venture out a bit and list my five favorite procrastination stations… err, blogs, that I follow. I t

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