King blames 'mispriced' risk for crisis
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Business & money: Bank of England governor blames risky behaviour by banks for current financial turmoil.
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Gordon Brown today warns that weak growth in Europe is putting the global economy in jeopardy. In an article in the Financial Times, in which he cautions that the world recovery remains fragile, the chancellor
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The UK's years of low inflation and falling unemployment may be over, Bank of England Governor Mervyn King warns.
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Republican presidential  contender Mitt Romney said on Tuesday U.S. markets were  distressed and raised the possibility of a solvency crisis at  U.S. banks.
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The chief executive of Online Resources yesterday sought to soothe investors after the Chantilly company's stock price tumbled.
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Architect of budget increase criticises the inadequate return the investment has yielded.
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The health of the British economy is threatened by the risk of recession in the United States and interest rate cuts are required, a member of the Bank of England's rate-setting committee said Monday.
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Britain may be facing a fall in house prices similar to that experienced in the US, the IMF warns.
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Chancellor Alistair Darling tells Labour's conference lessons will be learned from the Northern Rock bank's troubles.
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Bank of England governor Mervyn King rules out any knee-jerk reaction to poor Christmas retail sales, saying such behaviour would be "foolish".
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Japanese PM Yasuo Fukuda warns action is needed to tackle the growing risks to the world economy.
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"Uncertainties" over the 2012 Olympics could drive the cost of the Games higher, the government is warned.
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The prime minister is accused of "dithering" and failing to deal quickly enough with the Northern Rock crisis.
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The pound was in focus today after Bank of England (BoE) governor Mervyn King defended the central bank&#39;s arms-length approach to the instability sweeping the world&#39;s financial markets weighed on the pound.
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THE little-noticed drop in the pound on the foreign exchanges is starting to worry Mervyn King. In a speech in the rarefied setting of the Eden Project in Cornwall, the Bank of England governor noted that
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SEOUL - Finance and Economy Minister Lee Hun-jai on Monday blamed South Korea&#39;s present economic lethargy on &quot;unsubstantiated uncertainty&quot; about the future, which in turn leads to weakening the confidence of market players.
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"And I believe that unless a serious effort is put into this in order to reach agreements that satisfy the Palestinians, and the Arab world and the Islamic world, then I believe the conference may not be successful."  King Abdullah of Saudi Arabia accused Britain on Monday of failing to act on information the Saudis provided that might have averted London's deadly July 7, 2005, suicide bombings.Abdullah told the British Broadcasting Corp. that Britain was not doing enough in the war on terror. He made the comments in Jeddah, Saudi Arabia, hours before arriving in London for a state visit.'I believe that most countries are not taking this issue too seriously, including, unfortunately, Great Britain,' he said through a translator. 'We have sent information to Great Britain before the terrorist attacks in Britain, but unfortunately no action was taken and it may have been able to avert the tragedy.' Read more