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...The European Central Bank and Bank of England aim to make a joint intervention as soon as this week’s International Monetary Fund meetings in Washington DC as they back a revival in the market for asset-backed...
...Late positive news also included reports that almost $700m in funds missing from customer accounts at MF Global had been tracked down at JPMorgan Chase, which seized many of MF’s accounts as collateral when...
...Although the Bank wanted consumer spending to ease, it did not want it to slow as sharply as it did – from growth of 3.7 per cent in 2004 to 1.75 per cent last year....
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