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World stocks down on bleak UK factory production – Huffington Post

BANGKOK — World stock markets ran out of steam Wednesday after a sharp drop in Britain’s industrial production and a warning from the head of Germany’s central bank that the euro debt crisis isn’t over. Bundesbank President Jens Weidmann said Tuesday that the European Union needs to move ahead with reforms to keep troubles in […]

UK Science and Technology Firms Starved of Credit – Fox Business

A lack of affordable credit in the U.K. is stopping smaller U.K. science and technology firms from getting products to market, obstructing growth in a crucial part of the economy, a panel of British lawmakers said Wednesday. The report from the Science and Technology Committee, which urges the government to increase funding for the sector […]

Lord Browne promises to invest ‘whatever it takes’ in UK fracking – The Guardian

Lord Browne, the former chief of BP and now the most senior business adviser to the coalition government, has vowed to defy environmentalists to invest “whatever it takes” – potentially running to billions of pounds – in the controversial UK “dash for gas“. In a rare interview Browne, chairman of Cuadrilla Resources, the UK’s only […]

UK inflation basket: ebooks in, champagne out – The Guardian

In a sign of their growing acceptance, ebooks have been included by government statisticians in the basket of goods used to measure the cost of living. The annual changes to the inflation basket, which the Office for National Statistics uses to monitor the impact of rising prices, provides an official snapshot of the changing spending […]

ADR Shares End Lower Amid UK Economic Concerns – Fox Business

International companies trading in New York closed lower Tuesday as data fanned concerns that the U.K. economy is slipping back toward recession, weighing on stocks despite an upbeat view from Germany. The Bank of New York index of ADRs slid 0.5% to 136.92. Manufacturing output in the U.K. fell 1.5% in January, much worse than […]

UK rejects call for EU countries to vote on same day – The Guardian

The UK government has rejected calls for a common voting day for European parliament elections – insisting Britain will stick to its tradition of polling on Thursdays. The European commission recommended a single voting day as a gesture of EU solidarity, and to boost embarrassingly low voter turnout in the euro-elections. If adopted, the odds […]

EURO GOVT-Bunds rise on UK data, break key technical levels – Reuters

Tue Mar 12, 2013 1:24pm EDT * German Bunds follow UK gilts higher after weak data * Break through resistance levels fuels Bund rally * Investors prepare for Italian auction By Ana Nicolaci da Costa and Emelia Sithole-Matarise LONDON, March 12 (Reuters) – German Bunds rallied on Tuesday after breaking key technical resistance as a […]

Eurozone crisis as it happened: UK manufacturing slump raises risk of triple-dip – The Guardian

“In Greece, [Buchheit] says, there is more to do. Yes, it has slashed its debts but much of it has simply been transferred into loans from public institutions. “To be made presentable again to the markets, you are going to have to do something with that debt stock, otherwise it hangs like a miasmic cloud […]

UK’s anti-fraud agency says may be conflicted in Autonomy probe – Reuters

By Kirstin Ridley LONDON | Tue Mar 12, 2013 7:22am EDT LONDON (Reuters) – Britain’s fraud-busting agency said it might have a conflict of interest in its investigation of Autonomy, a British software company accused of accounting irregularities by its new U.S. owners Hewlett-Packard Co. The Serious Fraud Office (SFO) said on Tuesday it might […]

Falkland Islanders choose UK, but will UK always choose them? – Christian Science Monitor

Britain’s commitment to keeping the islands has so far been unwavering. But the costs of keeping up the far-flung ties may change British attitudes in the future. By Ben Quinn, Correspondent / March 12, 2013 Falkland islanders react after hearing the results of the referendum in Stanley, Monday. Residents of the Falkland Islands voted almost unanimously […]