Economy News
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January producer price inflation eases less than forecast
LONDON - Factory gate inflation dropped to its lowest in more than a year in January as input costs also rose at a much slower pace, data showed on Friday.
BoE pumps more cash into economy to shore up recovery
LONDON - The Bank of England set the money press rolling again on Thursday, saying it will pump another 50 billion pounds into the economy to bolster a fragile recovery and shield Britain from fallout from the unresolved euro zone debt crisis.
Instant View: BoE injects further 50 billion pounds
LONDON - The Bank of England voted to inject another 50 billion pounds into the financial system to try to shore up a fragile recovery in the economy.
BoE statement on rate decision, increase in QE
LONDON - The Bank of England voted to inject another 50 billion pounds into the financial system as part of its efforts to shore up a fragile recovery in the economy, which remains at risk of slipping back into recession.
BoE says new gilt buybacks to focus on shorter maturities
LONDON - The Bank of England said on Thursday that it was shortening the average maturity of gilts that it purchases as part of its extended quantitative easing purchases to avoid frictions in the gilt market.
Osborne says QE support vital to economy
LONDON - Chancellor George Osborne said on Thursday that the Bank of England's quantitative easing played a key role in supporting the economy at a time of fiscal consolidation, after he approved a 50 billion pound expansion of the programme.
December industrial output rebounds
LONDON - British industrial output recovered more than forecast in December as manufacturers ramped up production, further dampening fears of recession.
Instant View: December industrial output recovers
LONDON - British industrial output recovered more than forecast in December as manufacturers ramped up production, further dampening fears of recession.
Home repossessions set to rise in 2012 - CML
LONDON - British mortgage repossessions hit their lowest since 2007 last year but are expected to rise in 2012 due to increasing unemployment, the Council of Mortgage Lenders said on Thursday.
Fees and poor choices corroding UK pension pots
LONDON - Failure to shop around for pension and annuity deals will deprive some Britons of up to a quarter of the income they could have secured in retirement, forcing them to work longer, a report released on Thursday shows.
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| DOW | 12,801.23 |  -89.23 |
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| S&P 500 | 1,342.64 | -9.31 |
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Sector Summary
| Energy | -1.17% |
| Basic Materials | -1.83% |
| Industrials | -1.02% |
| Cyclical Goods & Services | -0.75% |
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| Technology | -0.80% |
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