Palo Alto NEWS - Bank of England cuts key rate and boosts money supply (Roundup) - Monsters and Critics Palo Alto NEWS - Bank of England cuts key rate and boosts money supply (Roundup) - Monsters and Critics

Thursday, March 5, 2009

Palo Alto NEWS - Bank of England cuts key rate and boosts money supply (Roundup) - Monsters and Critics

London - The Bank of England (BoE) Thursday applied the twin tools of interest rate cuts and a boost in the money supply to revive the recession-hit economy. The bank's Monetary Policy Commitee (MPC) cut the key lending rate by 50 basis points to 0.5 Poestenkill NEWS

City economists expect the Bank's Monetary Policy Committee to lower interest rates by half a point to an historic low of 0.5pc at 12pm today, but the focus will be on the likely plan to inject more money directly into the economy in a process known Poestenkill NEWS

LOS ANGELES - Manny Ramirez and the Los Angeles Dodgers reached a preliminary agreement Wednesday on a $45 million, two-year contract following months of talks. The agreement is subject to the outfielder passing a physical, a person familiar with the Poestenkill NEWS

A check on lowered futures that are currently impacted by news on GM and GE, with Kevin Ferry, Cronus Futures Management. Insight on the economic downturn, the future of communications systems and mobile advertising, with Eric Schmidt, Google CEO and Poestenkill NEWS

The Bank of England has embarked on a policy of "quantitative easing" to help conditions in credit markets. As the name implies, quantitative easing (QE) aims to increase the amount of money in the economy through the creation of central bank money Poestenkill NEWS

By Sam Cage ZURICH, March 5 (Reuters) - Investors in Roche Holding AG are growing more confident it will succeed in buying out Genentech Inc after the Swiss drugmaker raised more funds than it needs to finance its current offer. Roche has raised some Poestenkill NEWS

Judy Kroeger can be reached at jkroeger@tribweb.com or 724-626-3538. Home Delivery Connellsville will receive up to $340,070 in federal Community Development Block Grant funds for 2009 with the bulk of the money going toward improvements at Yough Poestenkill NEWS

NEW YORK, March 5 (Reuters) - Legg Mason Inc ( LM.N ), one of the largest publicly traded U.S. asset managers, said on Thursday it has eliminated more than $1.8 billion of risky debt from its money market funds and from the company, resulting in a Poestenkill NEWS

LONDON, March 5 (Reuters) - World stocks and oil fell on Thursday after General Motors ( GM.N ) warned of possible bankruptcy, while European currencies and yields stayed weak after the euro zone and UK central banks cut interest rates. U.S Poestenkill NEWS

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