![[PHOTOS] 2013 Celebrity Couples](http://cdn.ph.upi.com/sblc/8741368788463/8/PHOTOS-2013-Celebrity-Couples.jpg "[PHOTOS] 2013 Celebrity Couples")
1.
Crude oil pushes toward $96
LONDON, Aug. 4 (UPI) -- Britain's central bank cut its primary interest rate Thursday a quarter of a percent to 4.5 percent to spur the nation's sagging economy.
The Bank of England's Monetary Policy Committee had held the rate at 4.75 percent since August 2004 when the rate was raised, the Financial Times reported. The last rate cut came in July 2003.
Business groups hailed the anticipated rate cut but hinted that more such moves may be needed.
"While today's cut in interest rates should alleviate some of the most acute pressures facing the economy, the U.K. economic climate has worsened and we are facing new dangers," said David Frost, head of the British Chamber of Commerce.
|
|
|
|
|
|
| Additional Business News Stories | |
TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
|
TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption
