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BoE forecasts leaves scope for further easing

The Bank of England left the door open on Wednesday for more monetary easing, cutting its forecast for UK economic growth and predicting that inflation would fall well below its 2 percent target in two years.

BoE inflation report suggests scope for policy easing

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British inflation will fall well below its 2 percent target in two years, even if interest rates remain at record lows, the Bank of England said on Wednesday, leaving scope for further policy easing if the economy worsens.
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Wendy's/Arby's plans 180 restaurants in Russia

Wendy's/Arby's Group Inc plans to open 180 dual-branded Wendy's and Arby's restaurants in Russia over the next 10 years, becoming the latest U.S. fast food chain to look to that market for growth.
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Smoothies aid McDonald's July sales

New summer drinks in the United States and longer hours in Europe helped McDonald's Corp sales beat Wall Street forecasts for July and lifted its shares to their highest ever.
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Saudi telecoms test fix to avert BlackBerry ban

Saudi Arabia told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by Research In Motion's BlackBerry smartphones, and said it would not ban service if the test was successful.
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Australian Dollar Outlook 9/8/2010

The Australian Dollar has opened this morning just under 0.9200 after breaching this level on Friday night after the market digested the release of US July non-farm payrolls that saw a decline of 131k in the month, which was more than the forecast loss of 65k.
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BlackBerry in bid to address Saudi security concerns

BlackBerry maker and Saudi mobile firms are testing three servers to send communications and data through Saudi Arabia before Canada to address Riyadh's concerns over security, a Saudi official said on Sunday.
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RBS set for WorldPay sale

Royal Bank of Scotland is poised to sell its WorldPay arm to private equity firms Advent International and Bain Capital, the latest step in its restructuring plan after a humiliating taxpayer bailout in 2008.
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AIG tops view and starts talks on govt exit

American International Group Inc reported better-than-expected quarterly results on Friday and said it had started talks on disentangling itself from the U.S. government.
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RBS poised to sell WorldPay

A healthier loan book drove higher second-quarter profits at Royal Bank of Scotland , echoing a pattern set by rivals' results this week, and the bailed-out group said its revival plan was on track.
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Brain's reward system helps drive placebo effect

Want to maximize the placebo effect? A good way to do this, according to a new study, is to tell someone they have a decent chance of getting the real treatment instead of a fake pill, but keep them guessing.
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Dollar recovers vs euro ahead of jobs data

The dollar was little changed against the euro on Thursday, as investors squared positions ahead of a U.S. payrolls report that markets hope will offer fresh insight on the state of the U.S. economy. Strong German industrial data and signs that Spain and Greece were making progress in trimming budget deficits earlier lifted the euro, as did data showing U.S. initial jobless claims unexpectedly rose in the latest week.
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Bank of England holds rates steady as expected

The Bank of England kept interest rates at a record-low 0.5 percent on Thursday, a decision which was no surprise to economists but probably conceals a vigorous debate about whether Britain is at greater risk from slow growth or high inflation.
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Investors hold fire and eye ECB, BoE and U.S. jobs data

World stocks eked out small gains with European shares staying flat on Thursday as investors eyed meetings of the European Central Bank and Bank of England later in the session and Friday's U.S. jobs data loomed large.
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Service sector expands in July

The services sector grew slightly more than expected in July, with new orders and employment rising in the latest month, according to an industry report released on Wednesday.

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