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Latest Pound sterling Stories

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2009-01-23 07:00:00

A 1.5 percent slide in Britain's gross domestic product in the fourth quarter confirmed the wide belief that the U.K. economy is in a recession. A recession is technically defined as two consecutive quarters of economic contraction. In the third quarter, the British economy shrank by 0.6 percent, The Times of London reported Friday. The last British recession was in the 1990s. With the government figures officially out, the British pound fell to $1.355, the lowest exchange rate against the...

2009-01-20 10:17:04

Notable American investor Jim Rogers, co-founder of the Quantum Fund, said the British sterling, plunging in value, was a lost cause. I would urge you to sell any sterling you might have. It's finished, Rogers said, The Times of London reported Tuesday. I hate to say it, but I would not put any money in the UK, he said. The pound fell more than 2 and a half cents Monday, reaching $1.4529, and dropped to $1.396 Tuesday morning, Ihe Times said. The decline has accelerated recently as the...

2009-01-13 12:00:44

Britain's trade gap grew to a record $12.1 billion in November, the government said Tuesday. The deficit jumped $1 billion from the October deficit of $11.1 billion, as the trade imbalance with non-European countries grew from $6.4 billion to $7.7 billion, also a record, The Times of London reported. Imports in November, excluding oil, shrank for the fourth consecutive month, dropping 1.8 percent. The widening gap shows the UK can't rely on the global economy or the fall in the pound to drag...

2009-01-01 10:58:18

Organizers of this year's Rose Parade in Pasadena, Calif., say the economic crisis forced new cost-trimming and fund-raising efforts. Fiesta Parade Floats official Tim Estes, whose company created 12 floats for Thursday's event, said smaller companies and organizations attached to the annual event were particularly hard hit in regard to budgetary concerns, the Los Angeles Times reported. Meanwhile, the Rose Float Foundation in West Covina, Calif., saw a drastic decline in donations from area...

2008-12-29 14:13:12

The tumbling dollar has undermined the lifestyle U.S. expatriates in Europe and the price of doing business on the continent. The dollar has fallen about 50 percent against the euro since 2000, forcing Fulbright scholar Francesca DeMeo of Massachusetts to drastically scale back her dream of living luxuriously in Paris, where she moved in 2007, The Boston Globe reported Monday. I avoid at all cost using my dollars from my American bank account, said DeMeo who moved from an apartment to a...

2008-12-29 09:07:00

SAINT PAUL, Minn., Dec. 29 /PRNewswire/ -- Second Harvest Heartland, the Upper Midwest's largest hunger relief organization, today announced a new partnership with Feeding America, General Mills and NBC's "The Biggest Loser." Through the Pound For Pound Challenge, for every pound participating dieters in Minnesota and western Wisconsin pledge to lose in the new year, General Mills will donate 10 cents to Second Harvest Heartland -- enough to provide one pound of groceries to someone in...

2008-12-19 13:14:40

A Bank of England official said that cuts in the bank's key lending rate to near zero were a possibility. We have to recognize that (zero interest rates are) a possibility, the bank's deputy governor, Charlie Bean, said. The bank rate is still at 2 percent, so we have some margin to go yet, but of course we may find ourselves getting them all the way to near zero, he said, the Telegraph reported Friday. A cut to near zero would match steps made in the United States, where the Federal Reserve...

2008-11-06 21:00:16

VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ -- Taseko Mines Limited (TSX: TKO; AMEX: TGB) ("Taseko" or the "Company") reports the results for the twelve months ended September 30, 2008. This release should be read with the Company's Financial Statements and Management Discussion & Analysis, available at http://www.tasekomines.com/ and filed on http://www.sedar.com/. Currency is Canadian dollars unless otherwise indicated. The Company reported an operating profit of $68.5 million and net...

2008-11-06 18:00:14

TORONTO, Nov. 6 /PRNewswire-FirstCall/ -- Overview (all in U.S. dollars): - A significant rise in molybdenum sales in the third quarter resulted in record quarterly net income of $100.6 million or $0.80 per basic and $0.74 per diluted common share in the third quarter, up 66.6% from $60.4 million or $0.52 per basic and $0.45 per diluted common share in the second quarter of 2008. - Third-quarter net income was approximately four times higher than the...

2008-10-28 09:00:25

Reportlinker.com announces that a new market research report related to the Sports - Diet - Nutrition industry is available in its catalogue. Low-Fat and Low-Sugar Foods http://www.reportlinker.com/p096512/Low-Fat-and-Low-Sugar-Foods.html The low-fat and reduced-sugar foods market increased by 6.7% in value in 2007, up from a 4.7% rise in 2006. This is likely to be linked to continuing government messages regarding healthier eating and a healthier lifestyle, necessitated by the clear...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.