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USA UK and Malta News
25/03/2009 - 22:10

UK & USA Today Editoweb 25 march 2009

Bank buys 3.5 billion pounds of gilts - PM plays down reports of King rift - Brown's G20 trip clouded by warning at home.

UK & USA Today Editoweb 25 march 2009
Bank buys 3.5 billion pounds of gilts

The Bank of England said it got an offer-to-cover ratio of 1.4 when it bought 3.5 billion pounds worth of 5-10 year gilts on Wednesday as part of its 75 billion pound asset purchase scheme.

PM plays down reports of King rift

Gordon Brown has played down reports of a rift with the Governor of the Bank of England over the need for a fresh injection of spending power to revive the ailing British economy.

Brown's G20 trip clouded by warning at home

Prime Minister Gordon Brown's pre-G20 summit trip to Europe, the US and South America was clouded Wednesday by a row over a warning by Bank of England governor Mervyn King against fresh stimulus.

Gilts rebound on Bank buying after failed auction

Gilt futures settled up half a point on Wednesday after the Bank of England had to pay over the odds at a buy-back auction, despite a failed 2049 gilt sale which caused futures to briefly drop almost two full points.

Five suspects freed over N. Ireland murders

Five suspects arrested over three recent high-profile killings in Northern Ireland were released Wednesday, as a man charged with murder appeared in court.

Prince Charles blue over green crusade

Prince Charles admitted in an interview published Sunday that he found it "depressing" that his frequent warnings over climate change had not been heeded.

Senators say border crime fight needs more money

The Obama administration's beefed-up efforts to fight violence on the Southwest border is not the last word, the head of the Homeland Security Department reassured senators clamoring for more money and people to combat drug trafficking.

Search scaled back for crew of NJ fishing boat

The Coast Guard scaled back its search Wednesday for four missing fishermen off the southern New Jersey coast as hopes faded that they would be found alive.

Teen arrested in NYC radio reporter's slaying

A teenager with a Web site describing him as a sadomasochist and featuring photos of a knife collection was arrested Wednesday in the stabbing death of a veteran New York City radio reporter he met on the Internet.

Duke historian John Hope Franklin dies at age

John Hope Franklin, a revered Duke University historian and scholar of life in the South and the African-American experience in the United States, died Wednesday. He was 94.

Parolee in killings was monitored properly

California's inspector general says the parolee who allegedly killed four Oakland police officers was properly monitored by corrections officials after his release from prison.

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