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Money supply boosted as rates cut
LONDON (Reuters) - The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit economy.
 
Swiss ski smiles may fade with melting snow
CRANS MONTANA, Switzerland (Reuters) - Across the Swiss Alps cash registers are ringing out as hotels, ski-lift companies and shops revel in the best snowfall in years.
 
Pensions see record five-day volatility
LONDON (Reuters) - The past five days have been the most turbulent on record for final salary pension schemes, a leading pension consultant said on Thursday.
 
Money supply boosted as rates are cut
LONDON (Reuters) - The Bank of England cut interest rates by another 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy assets worth 75 billion sterling in a drive to help the economy by expanding the money supply.
 
House prices suffer record fall
LONDON (Reuters) - House prices fell 2.3 percent in February and by a record 17.7 percent year-on-year, taking average prices back to levels last seen in August 2004, mortgage lender Halifax said in its monthly survey on Thursday.
 
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