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(AFX UK Focus)
2008-10-29 15:45
THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT |
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2008-10-29 15:22:36 2-Ukraine parliament blocks funds for snap election KIEV, Oct 29 (Reuters) - Ukraine's parliament on Wednesday refused to allocate funds to stage an early parliamentary election called by President Viktor Yushchenko to end a longstanding political impasse in the ex-Soviet state. 2008-10-29 15:18:44 2-Russia cuts 2008 growth f'cast, notes global turmoil MOSCOW, Oct 29 (Reuters) - Russian economic growth slowed to a 2-1/2 year low in the third quarter, the country's Economy Ministry estimated on Wednesday as it cut its forecast for the full year in the face of the global credit crunch and falling oil price. 2008-10-29 15:15:26 Norway cbank says crown shouldn't undermine target OSLO, Oct 29 (Reuters) - The head of Norway's central bank said on Wednesday that the bank did not want the Norwegian crown to be so weak that it would create doubts over the bank's 2.5 percent core inflation target over the medium term. 2008-10-29 15:11:30 3-EU Commission calls for doubling of crisis fund BRUSSELS, Oct 29 (Reuters) - The European Commission called on Wednesday for a doubling of the bloc's crisis fund to 25 billion euros ($32 billion) as part of a package to cushion economies teetering on the brink of recession. 2008-10-29 15:09:42 Polish growth to slow due to global slowdown-cbank WARSAW, Oct 29 (Reuters) - Polish economic growth could slow more than previously expected due to the global economic slowdown, the central bank said in a statement on Wednesday. 2008-10-29 14:31:15 1-German credit getting expensive but no crunch BERLIN/MOSCOW, Oct 29 (Reuters) - German exporters are not experiencing a credit crunch for now and will be able to weather the financial crisis even though borrowing costs are rising, the head of the BGA exporters' association said on Wednesday. 2008-10-29 14:19:51 Slovak govt fears crisis may hurt highway projects BRATISLAVA, Oct 29 (Reuters) - The Slovak government fears the global financial crisis may hurt the planned private funding of highway construction projects that it expects to boost economic growth next year, Prime Minister Robert Fico said on Wednesday. 2008-10-29 13:55:26 EXCLUSIVE-German covered bond market "critical" despite rescue FRANKFURT, Oct 29 (Reuters) - Germany's one trillion dollar covered bond market is in a critical state despite a government rescue to bolster confidence in the financial system, the head of the market's industry association told Reuters. 2008-10-29 13:54:45 Norway c.bank temporarily eases collateral rules OSLO, Oct 29 (Reuters) - Norway's central bank said it was temporarily easing collateral requirements for its liquidity operations on Wednesday and announced a new 2-year loan. 2008-10-29 13:47:25 BRIEF-GM sees U.S. market in 'trough' of downturn
DETROIT, Oct 29 (Reuters) - General Motors Corp
chief sales analyst says on a conference call with analysts
expect oil to reach highs above $140 per barrel. 2008-10-29 13:42:48 INSTANT VIEW-Norway c.bank cuts rates to 4.75 pct OSLO, Oct 29 (Reuters) - Following are analysts' comments after Norway's central banks cut interest rates by 50 basis points to 4.75 percent on Wednesday as predicted by most economists in a Reuters poll. 2008-10-29 13:40:00 Ukraine parliament blocks funds for snap election KIEV, Oct 29 (Reuters) - Ukraine's parliament on Wednesday rejected a request from President Viktor Yushchenko to release funds to pay for an early parliamentary election. 2008-10-29 13:38:15 1-Norway cuts rates by 50 bps, sees more ahead OSLO, Oct 29 (Reuters) - Norway's central bank cut its main interest rate by half a point to 4.75 percent on Wednesday and signalled more cuts ahead to shield the economy from the worst effects of the global crisis. 2008-10-29 13:33:23 2-Polish c.bank leaves rates on hold as expected WARSAW, Oct 29 (Reuters) - Poland's central bank kept interest rates unchanged on Wednesday, as expected, and analysts said rates were likely to remain on hold until the current turmoil in global financial markets has subsided. 2008-10-29 13:26:47 German Oct prelim CPI +2.4 pct y/y, -0.2 pct m/m BERLIN, Oct 29 (Reuters) - Germany's annual inflation rate slowed to 2.4 percent in October from 2.9 percent in September, in line with analysts' expectations, preliminary data from the Federal Statistics Office showed on Wednesday. 2008-10-29 13:17:04 2-German inflation cools, raising chance of ECB cut BERLIN, Oct 29 (Reuters) - Falling oil and food prices helped cool German inflation for the third month in a row in October, giving the European Central Bank added scope to cut interest rates and bolster the broader euro zone economy. 2008-10-29 13:12:53 TABLE-Norway c.bank lowers interest rate trajectory
2008-10-29 13:11:47 1-UK to announce more on bank lending on Thurs -Brown LONDON, Oct 29 (Reuters) - Britain will announce plans to boost bank lending to small businesses on Thursday that could include the European Investment Bank shouldering more risk. 2008-10-29 13:11:17 1-TEXT-Norway central bank statement on interest rates OSLO, Oct 29 (Reuters) - Norway's central bank issued the following statement on Wednesday after cutting interest rates by a half point. 2008-10-29 13:07:55 TEXT-Norway central bank statement on interest rates OSLO, Oct 29 (Reuters) - Norway's central bank issued the following statement on Wednesday after cutting interest rates by a half point. 2008-10-29 13:03:04 Norway c.bank cuts rates by 50 bps to 4.75 pct OSLO, Oct 29 (Reuters) - Norway's central bank cut its main interest rate by half a percentage point to 4.75 percent on Wednesday, its second cut in two weeks, to stave off the worst ravages of the global financial crisis. 2008-10-29 12:51:47 Russia c.bank injects 8.98 bln roubles via repos MOSCOW, Oct 29 (Reuters) - The Russian central bank injected 8.98 billion roubles ($328.9 million) of one-day funds into the banking system at a rate of 7.43 percent in its second repo auction of the day on Wednesday. 2008-10-29 12:43:57 EU's Almunia - No other EU state looking for aid BRUSSELS, Oct 29 (Reuters) - EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Wednesday he knew of no other European Union country outside Hungary that was looking for financial assistance. 2008-10-29 12:38:51 China, Gulf countries could help IMF more- Barroso BRUSSELS, Oct 29 (Reuters) - China and the Gulf countries could do more to help the International Monetary Fund support countries hit by the financial crisis, European Commission President Jose Manuel Barroso said on Wednesday. 2008-10-29 12:36:29 INSTANT VIEW 2-Polish c.bank keeps rates unchanged as expected WARSAW, Oct 29 (Reuters) - Poland's central bank kept interest rates unchanged on Wednesday, in line with market expectations. 2008-10-29 12:33:56 U.S. STOCK INDEX FUTURES ADD GAINS AFTER SURPRISE RISE IN DURABLE GOODS ORDERS
GOODS ORDERS Varghese Joseph vj 2008-10-29 12:33:11 U.S. Sept durable goods orders unexpectedly rise WASHINGTON, Oct 29 (Reuters) - New orders for long-lasting manufactured goods rose unexpectedly in September by 0.8 percent, led by surging demand for defense goods and transportation equipment, the Commerce Department said on Wednesday. 2008-10-29 12:31:48 1-Polish c.bank leaves rates unchanged as expected WARSAW, Oct 29 (Reuters) - Poland's central bank kept interest rates unchanged on Wednesday, in line with market expectations. 2008-10-29 12:30:01 US ECON: Sept Durable Goods Orders Up 0.8% Vs 1.2% Drop Expected Washington, October 29, 2008 - A jump in orders for transportation equipment led to a surprise increase in September durable goods orders, although orders in most other areas fell, the Commerce Department said today. 2008-10-29 12:23:29 1-Russia on track for 0.9 pct inflation in Oct MOSCOW, Oct 29 (Reuters) - Russian consumer prices have risen 0.8 percent in the first 27 days of October, likely putting full-month inflation at a four-month high of 0.9 percent, the Federal Statistics Service said on Wednesday. 2008-10-29 12:21:29 Polish c.bank leaves rates unchanged as expected WARSAW, Oct 29 (Reuters) - Poland's central bank kept interest rates unchanged on Wednesday, in line with market expectations. 2008-10-29 12:19:08 1-Demand limp in ECB euro tender as banks bet on cuts FRANKFURT, Oct 29 (Reuters) - Demand for euros in the European Central Bank's first ever no-limits, 3-month tender remained subdued on Wednesday as banks held fire, betting the rate of interest would be more favourable by the end of next week. 2008-10-29 12:18:13 Polish c.bank to announce rate decision at 1220 GMT WARSAW, Oct 29 (Reuters) - The Polish central bank will announce the Monetary Policy Council's (MPC) interest rate decision on Wednesday at 1220 GMT, the bank said in a statement. 2008-10-29 12:13:20 EU states urged to use fiscal rules' flexibility BRUSSELS, Oct 29 (Reuters) - European Union member states should use the bloc's fiscal and budgetary rules to the full in a bid to cushion their economies from economic slowdown, the bloc's executive said on Wednesday. 2008-10-29 12:09:04 Russia GDP growth picks up to 7.6 pct y/y in Sept MOSCOW, Oct 29 (Reuters) - Russian economic growth picked up to 7.6 percent in September, year-on-year, from a downwardly revised 6.9 percent in August, the Economy Ministry said on Wednesday. 2008-10-29 11:59:35 EU executive to propose bloc-wide recovery plan BRUSSELS, Oct 29 (Reuters) - The European Commission will propose a package of measures to boost jobs next month, European Union's executive said on Wednesday. 2008-10-29 11:49:43 1-Italy govt ready to underwrite debt for banks ROME, Oct 29 (Reuters) - The Italian government is ready to intervene to shore up the country's banks by underwriting debt and savings shares if they seek help due to the global financial crisis, Prime Minister Silvio Berlusconi said on Wednesday. 2008-10-29 11:33:46 INSTANT VIEW 6-China cuts rates 0.27 pct pt, effective Oct 30 LONDON, Nov 29 15 (Reuters) - Following are economists' comments after China's central bank cut banks' benchmark lending and deposit rates by 0.27 percentage point on Wednesday. 2008-10-29 11:33:01 TABLE-Baden-Wuerttemberg Oct CPI -0.2 pct m/m, +2.7 pct y/y
2008-10-29 11:30:45 WRAPUP 1-IMF deal for Hungary eases nerves in Central Europe BUDAPEST, Oct 29 (Reuters) - A larger-than-expected bailout of Hungary by the IMF and European Union settled nerves in the bloc's ex-communist countries on Wednesday, though the regional fallout of the financial crisis looked to have some way to run. 2008-10-29 11:21:53 Swiss institute first to see economy shrinking in 2009 ZURICH, Oct 29 (Reuters) - The Swiss economy is set to shrink for the first time since 2003 next year as slowdown in foreign demand spreads to the domestic economy, one of Switzerland's leading research institutes said on Wednesday. 2008-10-29 11:07:00 Cyprus mulls financial package, says economy sound NICOSIA, Oct 29 (Reuters) - Cyprus on Wednesday said it was working on a financial contingency package that it would implement if hit by global financial turmoil. 2008-10-29 11:05:31 TABLE-Bavaria Oct CPI -0.1 pct m/m, +2.7 pct y/y
2008-10-29 11:04:49 INSTANT VIEW 2-German data point to cooler euro zone inflation BERLIN, Oct 29 (Reuters) - Annual consumer price inflation in five German states slowed in October as oil and food prices eased, pointing to weaker price pressues in Europe's largest economy and elsewhere in the euro zone. 2008-10-29 11:04:47 US MORTGAGE MARKET INDEX INCREASES 16.8 PCT TO 476.7 IN OCT 24 WEEK -MBA
2008-10-29 11:04:14 US MORTGAGE REFINANCING INDEX JUMPS 28.5 PCT TO 1,489.4 IN OCT 24 WEEK -MBA
2008-10-29 11:04:10 US AVERAGE 30-YEAR MORTGAGE RATE DECLINES 2 BPS TO 6.26 PCT IN OCT 24 WEEK - MBA
WEEK - MBA Chuck Mikolajczak cm 2008-10-29 10:55:33 1-Swedish consumers gloomiest in 16 yrs, recession looms STOCKHOLM, Oct 29 (Reuters) - Swedish consumers were at their most pessimistic in nearly 16 years in October and with recession looming, the central bank looks set to slash interest rates in the months ahead, analysts said. 2008-10-29 10:37:20 INSTANT VIEW 1-German data point to cooler euro zone inflation BERLIN, Oct 29 (Reuters) - Annual consumer price inflation in four German states slowed in October as oil and food prices eased, pointing to weaker price pressues in Europe's largest economy and elsewhere in the euro zone. 2008-10-29 10:28:19 Euribor three-month euro rates hit six-month low FRANKFURT, Oct 29 (Reuters) - Key euro interbank lending for three-month money fell to its lowest in six months on Wednesday, as lower European Central Bank interest rates and lending rule changes continued to work through money markets. 2008-10-29 10:24:42 WRAPUP 1-Japan poised to join global rate response to crisis TOKYO, Oct 29 (Reuters) - The Bank of Japan looks poised to join a wave of global interest rate cuts to contain the financial crisis after news it was considering an easing this week unleashed market speculation that may be too strong to ignore. 2008-10-29 10:18:07 1-German inflation slowdown raises ECB rate cut chance BERLIN, Oct 29 (Reuters) - Falling oil and food prices probably helped to cool German inflation for the third month in a row in October, giving the European Central Bank added scope to cut interest rates and bolster the broader euro zone economy. 2008-10-29 10:11:39 BoE says allocates $45.695 bln in 7-day repo LONDON, Oct 29 (Reuters) - The Bank of England said on Wednesday it had allotted $45.695 billion in its 7-day, unlimited dollar auction. Keywords: BRITAIN BANK/DOLLARRESULT tf.TFN-Europe_newsdesk@thomsonreuters.com cmr For more information and to contact AFX: www.afxnews.com and www.afxpress.com |
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