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(AFX UK Focus)
2008-10-30 15:45
THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT |
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2008-10-30 15:26:55 Bulgaria 2009 budget torn between crisis and polls SOFIA, Oct 30 (Reuters) - The Bulgarian government approved on Thursday its 2009 budget draft, torn between keeping fiscal prudence needed to respond to the global financial crisis and temptations to increase spending ahead of elections. 2008-10-30 15:21:10 Germany to raise new debt for stimulus plan -paper BERLIN, Oct 30 (Reuters) - Germany will have to raise around 5 billion euros ($6.53 billion) of new debt in each of the next two years to fund a stimulus package for the economy, a Finance Ministry spokseman was quoted as saying on Thursday. 2008-10-30 15:03:41 1-Germany eyes 30 bln euro plan to boost economy BERLIN, Oct 30 (Reuters) - Germany plans to introduce a range of steps worth up to about 30 billion euros ($39.17 billion) to boost investment in Europe's biggest economy, cabinet minister Michael Glos said on Thursday. 2008-10-30 14:46:52 IMF, Pakistan talks to resume in next few days-IMF WASHINGTON, Oct 30 (Reuters) - Economic consultations between Pakistan and the International Monetary Fund in Dubai have concluded and will resume in the next few days, an IMF spokesman said on Thursday. 2008-10-30 14:43:55 Liquidity grabs spotlight in c.bank policy-Norway OSLO, Oct 30 (Reuters) - Liquidity management has grabbed the lead role from interest rate policy internationally as central banks grapple with the global financial crisis, a Norwegian central banker said on Thursday. 2008-10-30 14:38:48 Germany plans up to 30 bln euro stimulus -Glos BERLIN, Oct 30 (Reuters) - Germany plans to introduce a range of steps worth up to about 30 billion euros ($39.17 billion) to boost investment in Europe's biggest economy, Economy Minister Michael Glos said on Thursday. 2008-10-30 14:24:04 3-Turkey, IMF discuss precautionary stand-by deal ISTANBUL/ANKARA, Oct 30 (Reuters) - Turkey is continuing talks with the International Monetary Fund on a precautionary stand-by agreement, Economy Minister Mehmet Simsek said on Thursday after an IMF delegation left the country. 2008-10-30 14:10:31 TOPWRAP 9-Japan, Germany to spend billions, US shrinks
NEW YORK/LONDON, Oct 30 (Reuters) - The U.S. economy shrank in the third
they would spend billions of dollars to provide a cushion against a deep global recession. 2008-10-30 13:15:24 WRAPUP 2-Saudi, Kuwait cut rates, UAE opts out for first time DUBAI/ABU DHABI, Oct 30 (Reuters) - Saudi Arabia joined Kuwait and Bahrain in lowering interest rates to ease credit conditions and underpin their banking systems on Thursday while the United Arab Emirates made a shock decision for the first time not to match a U.S. interest rate cut. 2008-10-30 13:09:21 ECB's Ordonez-possible to lower rates at next meeting BARCELONA, Oct 30 (Reuters) - It is possible the European Central Bank will lower interest rates next week, Governing Council member Miguel Angel Fernandez Ordonez said on Thursday. 2008-10-30 12:53:46 World Bank urges Croatia to cut spending ZAGREB, Oct 30 (Reuters) - Croatia has so far coped well with the global financial crisis but the expected slower growth makes it even more necessary to cut spending and reduce external vulnerabilities, a World Bank report said on Thursday. 2008-10-30 12:52:24 ECB's Ordonez say crisis can not be solved overnight BARCELONA, Oct 30 (Reuters) - Central banks played a role in creating the financial crisis and interest rate cuts and government bailouts will not solve the problem overnight, European Central Bank Governing Council member Miguel Angel Fernandez Ordonez said on Thursday. 2008-10-30 12:51:30 1-German Fin Min backs wage rises ahead of pay talks FRANKFURT, Oct 30 (Reuters) - German Finance Minister Peer Steinbrueck said on Thursday workers in Europe's biggest economy were due a pay rise, backing such increases just before the country's most closely-watched wage talks enter a crucial phase. 2008-10-30 12:44:42 US STOCKS-Futures add to gains after GDP report NEW YORK, Oct 30 (Reuters) - U.S. stock index futures extended gains on Thursday after a government report showed the pace of contraction in the U.S. 2008-10-30 12:38:38 US jobless claims unchanged at 479,000 last week WASHINGTON, Oct 30 (Reuters) - The number of U.S. workers filing new claims for jobless benefits was unchanged last week, the Labor Department said on Thursday, staying at levels signaling a weak labor market as the credit crisis hits hiring. 2008-10-30 12:36:23 US ECON: US Weekly Jobless Claims Unchanged; Cont. Claims Down 12,000 Washington October 30 - The number of individuals filing new claims for unemployment insurance remained unchanged in the latest survey week while the number of people continuing to receive unemployment insurance unexpectedly fell for the first time in four weeks, the Labor Department said today. 2008-10-30 12:35:20 US economy shrank in 3rd qtr as consumers retreat WASHINGTON, Oct 30 (Reuters) - The U.S. economy shrank at a 0.3 percent annual rate in the third quarter, its sharpest contraction in seven years as consumers cut spending and businesses reduced investment in the face of rising fears that recession was setting in. 2008-10-30 12:32:28 US Q3 DISPOSABLE PERSONAL INCOME -8.7%
RECORDS STARTED IN 1947 Varghese Joseph vj 2008-10-30 12:31:35 TABLE-U.S. Q3 GDP fell 0.3 pct
2008-10-30 12:31:25 US Q3 BUSINESS INVESTMENT -1.0% (Q2 +2.5), EQUIPMENT/SOFTWARE -5.5% (Q2 -5.0)
2008-10-30 12:31:09 US ECON: US GDP Down 0.3%, Largest Contraction in 7 Years Washington, October 30 - The US economy in the third quarter contracted by the largest amount in seven years, as consumers tightened their belts and decreased their spending for the first time in almost two decades, the Commerce Department said today. A key measure of inflation jumped to its fastest pace in more than two years. 2008-10-30 12:31:07 US Q3 GDP EX MOTOR VEHICLES -0.3 PCT (Q2 +4.0 PCT) Varghese Joseph vj 2008-10-30 12:21:10 Saudi c.bank cuts rate as inflation pressures ease DUBAI, Oct 30 (Reuters) - The Saudi Arabian Monetary Authority (SAMA) said on Thursday it had slashed its benchmark repurchase rate by 100 basis points because inflationary pressures in the kingdom had eased. 2008-10-30 12:19:34 2-Polish rates flat until at least Q1 2009 -c.banker WARSAW, Oct 30 (Reuters) - Poland should leave borrowing costs unchanged until at least end of the first quarter of 2009, but entering the euro zone requires further rate cuts, a central bank policymaker was quoted as saying on Thursday. 2008-10-30 12:13:49 Iraq sees 200,000 bpd rise in oil output capacity AMMAN, Oct 30 (Reuters) - Iraq's oil output capacity will grow by 200,000 barrels per day next year due to measures including the drilling of new oil wells, Oil Minister Hussain al-Shahristani said on Thursday. 2008-10-30 10:59:53 1-Euro zone sentiment dive points to rate cut BRUSSELS, Oct 30 (Reuters) - Euro zone economic sentiment plunged to its lowest level since 1993 in October, suffering its biggest ever monthly fall, data showed on Thursday, suggesting recession and boosting expectations of an interest rate cut. 2008-10-30 10:51:06 1-IMF chief to propose new regulation strategy PARIS, Oct 30 (Reuters) - The International Monetary Fund will propose a new regulatory strategy at next month's meeting of the Group of 20 nations on the financial crisis, IMF chief Dominique Strauss-Kahn told French daily Le Monde on Thursday. 2008-10-30 10:39:30 1-UK house prices fall at record annual rate in Oct LONDON, Oct 30 (Reuters) - British house prices fell in October at their sharpest annual rate since records began in 1991, the Nationwide building society said on Thursday, as the housing market slump gains momentum. 2008-10-30 10:34:53 4-Japan PM unveils $51 billion package, sidesteps poll TOKYO, Oct 30 (Reuters) - Japanese Prime Minister Taro Aso on Thursday unveiled a $51 billion package of steps to fight fallout from the global financial crisis on Thursday, saying the public wanted him to focus on policies despite pressure for an election. 2008-10-30 10:27:02 1-French factory-gate inflation eases for second month PARIS, Oct 30 (Reuters) - France's factory-gate inflation fell further than expected for a second month in September on the back of declining energy costs, fuelling expectations of easier overall price trends in the near term. 2008-10-30 10:26:05 Czech cbanker says not right time to set euro date PRAGUE, Oct 30 (Reuters) - The Czech Republic should not set a euro entry date amid the current financial crisis, central bank Governor Zdenek Tuma said on Thursday. 2008-10-30 10:17:39 Japan's finmin: May mull more steps for financial system TOKYO, Oct 30 (Reuters) - Japanese Finance Minister Shoichi Nakagawa said on Thursday that he wants a state body to resume purchases of shares held by banks by the end of the year, to lighten the burden of financial institutions hit by the credit crisis. 2008-10-30 10:15:23 Polish inflation to ease -c.bank report WARSAW, Oct 30 (Reuters) - Inflation in Poland is set to ease in coming months from the current rate of 4.5 percent, helped by falling commodity and energy prices, the central bank said on Thursday in an inflation report. 2008-10-30 10:15:20 BoE drains 30.620 bln stg in weekly OMO LONDON, Oct 30 (Reuters) - The Bank of England said on Thursday it had drained 30.620 billion pounds in its weekly reserves operation, short of the 44.925 billion pound target. Keywords: BRITAIN BANK/DRAIN tf.TFN-Europe_newsdesk@thomsonreuters.com jlw 2008-10-30 10:15:01 INSTANT VIEW 3-Euro zone sentiment hits lowest since '93
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