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EU Leaders Sign New Fiscal Treaty
Friday, March 2, 2012 - 9:25am | 871The leaders of most European Union countries signed a new fiscal treaty aimed at preventing another sovereign debt crisis from happening. The leaders also hope that the treaty, also referred to as the fiscal compact, will reassure the markets that troubled euro zone members like Spain and Italy...
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How to Trade Bank of England's 50 Billion Pound Injection
Thursday, February 9, 2012 - 11:37am | 602The Bank of England announced on Thursday its decision to inject another 50 billion pounds into the British economy, in an effort to support the United Kingdom's economic recovery. The Bank of England's Monetary Policy Committee voted to increase the size of its of asset purchase program by 50...
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How to Profit from United Kingdom's Veto of EU Treaty Changes
Monday, December 12, 2011 - 9:48am | 686British Prime Minister David Cameron has become the target of intense criticism over his veto of changes to the European Union treaty. Prime Minister Cameron said that he used his veto of the proposed EU changes at a meeting of European Union leaders on Friday in order to protect the interests of...
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How Much Longer Can Europe Kick the Can Down the Road?
Friday, December 9, 2011 - 10:38am | 557The European Summit—which had been anticipated all week—concluded early Friday. Given expectations, the results seemed to be underwhelming. Yet, US equity futures were trading up Friday morning, perhaps evidence of the fact that investors had bought into the deal enough so as to calm concerns. On...
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How to Profit From United Kingdom Vote on Exiting European Union
Monday, October 24, 2011 - 8:06am | 491Rebel MPs from the United Kingdom's Conservative party have decided to force a vote on the United Kingdom's European Union membership. Many British politicians are unhappy with the United Kingdom's relationship with the European Union and see the eurozone financial crisis as an opportunity to...
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London Bridge Isn't Falling Down, Yet
Wednesday, August 10, 2011 - 8:44am | 460Rioters across England continued to do their part in reassuring the world that the country will be ready to host the Summer Olympics next year. An increased police presence in London that was credited with ending much of the violence there may be partially to blame for the rioting that has spread...
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London Riots: Could it Kill the 2012 Olympics?
Tuesday, August 9, 2011 - 5:18pm | 605With the 2012 London Olympics opening ceremony set for less than a year from today, security will be a top priority for police as rioting rages on. Today, representatives of more than 200 national Olympic committees are in London for meetings about logistics and accommodation, according to...
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Benzinga's Political Roundup July 20, 2011
Wednesday, July 20, 2011 - 12:02pm | 91Nicolas Sarkozy is going to meet with Angela Merkel in Berlin today to discuss the Eurozone's debt crisis. The plan offered by the "Gang of Six" is offering a ray of hope over raising the debt ceiling and cutting the federal deficit. Prime Minister David Cameron went before Parliament today to...
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News Corporation in Hot Water over Hacking of Murdered Teen's Phone
Wednesday, July 6, 2011 - 8:02am | 456Rupert Murdoch's News Corporation (Nasdaq: NWS) (Nasdaq: NWSA) is at the center of a scandal that has engulfed the United Kingdom and threatens to derail the company's attempt to acquire British Sky Broadcasting Group, also known as BSkyB. News Corporation is under fire because of allegations that...
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Despite Inflation, BoE May Buy Bonds, Bernanke to Follow?
Wednesday, June 22, 2011 - 12:15pm | 599On Wednesday, the Bank of England's minutes showed that policy makers were considering additional bond purchases as the British economy continues to struggle. The Bank of England's Monetary Policy Committee voted 8-1 to maintain the bond-purchase program at 200 billion pounds, Bloomberg reported...
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Cameron Acknowledges Threats to the Euro But Stresses UK Will Not Help
Tuesday, June 21, 2011 - 4:20pm | 554If Greece defaults and brings down the economies of Europe, including the UK, Cameron will not be able to plead ignorance. On Tuesday, the UK's Prime Minister, David Cameron, stated that the member states of the eurozone have much "invested in it," according to the BBC. He went further, claiming...
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Conference Call Going On Amongst World Leaders On Libya
Monday, March 28, 2011 - 1:50pm | 43A tweet from Breaking News says that French President Nicola Sarkozy, President Obama, British Prime Minister David Cameron and German Chancellor Angela Merkel are having a conference call today to assess the situation in Libya.
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Spain's Zapatero Claims Debt Crisis Over, But Is It?
Wednesday, September 22, 2010 - 12:56pm | 350The European debt crisis is over, according to Spanish Prime Minister Jose Luis Rodriguez Zapatero in an interview with the Wall Street Journal. Spain has been one of the countries hardest hit by the sovereign debt crisis in the Eurozone, along with other nations such as Greece, Italy, and Ireland...
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Cutting Deficit While Maintaining Growth Are Britain's Top Priorities
Tuesday, August 3, 2010 - 12:19pm | 136In an era of rising federal deficits and waning economic growth, Britain has pledged to cut spending while somehow maintaining strong economic growth. The report came after Prime Minister David Cameron and his deputy spoke on Tuesday. The Conservative-Liberal Democrat coalition government has said...
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BP Announces Asset Sales to Pay for Spill (BP)
Tuesday, July 20, 2010 - 2:35pm | 192BP (NYSE: BP) announced Tuesday that it would sell assets worth $1.7 billion to help cover the costs of its Gulf oil spill. BP said it would sell its Vietnam pipeline and upstream assets as well as its Pakistan assets. The company has already paid $3.95 billion to cover costs associated with the...