|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Sunday 04th of July 2010

News Tag: level

June 28, 2010

China bows to G20 pressure and allows further yuan flexibility

by Kay Murchie
China bows to G20 pressure and allows further yuan flexibility
China faced renewed pressure at this weekend’s G20 summit Toronto, Canada, after a draft said: “Emerging surplus economies will undertake reforms tailored to country circumstances to… enhance rate flexibility.” Beijing has previously ruled out a one-off appreciation of its currency and has previously said keeping the yuan stable is “an important contribution” to global recovery. China has already faced ...



December 24, 2009

Greek parliament unveils plans to reduce debt

by Kay Murchie
”Greek
In an attempt to reduce its high levels of debt, the Greek parliament is to embark on major budget cuts. Greece, which is the euro zone’s weakest economy, has the highest debt of the 16-member bloc. Currently, its public debt stands at €300 billion (£268 billion). Concerns of the sheer size of Greece’s debt led international ratings agency, Standard & Poor’s, to cut ...



November 25, 2009

Brits unprepared for VAT rise in January

by Kay Murchie
”Brits
Last December, the Government cut the VAT rate from 17.5% to 15% in an attempt to boost spending. However, the rate is to revert back to the normal 17.5% level from 1 January 2010 but research shows that Britons are unaware and unprepared. Research from Auto Trader shows that 12 million Brits are unaware of the rise with almost one third of ...



October 8, 2009

US budget deficit to hit record level of $1.4tn

by Kay Murchie
US budget deficit to hit record level of $1.4tn
The Congressional Budget Office (CBO) yesterday announced that the US budget deficit could hit a record $1.4 trillion (£877 billion) in the fiscal year to 30 September 2009. The previous record deficit was $459 billion - set last year. The CBO said the forecast federal deficit for the 2009 fiscal year was the highest shortfall since the aftermath ...



October 17, 2008

Northern Rock twice as likely to repossess

by Gill Montia
Northern Rock twice as likely to repossess
Credit Action is claiming that Northern Rock's level of repossessions is twice that of its rivals. The debt charity is calling on the Treasury to intervene and insist that the nationalised lender responds more sympathetically to borrowers who fall behind with their mortgage repayments. It would like the bank to introduce mortgage payment holidays to help struggling homeowners and to act less ...