LONDON - THE Bank of England is widely expected to cut interest rates on Thursday by between a half and a full percentage point to their lowest level on record as it attempts to ward off a prolonged recession.
WASHINGTON - THE US federal budget deficit will hit an unparalleled US$1.2 trillion (S$1.8 trillion) for the 2009 budget year, according to a Capitol Hill aide briefed on new Congressional Budget Office figures.
BRUSSELS (Belgium) - MOST European banks and blue chip companies are not using looser accounting rules allowing them to revise upward the value of complex investments which depreciated during the financial crisis, EU market supervisors said on Wednesday.
BEIJING - CHINA announced a series of measures on Wednesday aimed at helping millions of recent college graduates find work amid the country's grim employment outlook and the deepening impact of the global financial crisis.
