Friday, July 9, 2010

Hollingsworth Daily Post



  • Google boss Eric Schmidt has said he expects the internet giant to be granted a new licence to operate in China.

  • South Korea's central bank has unexpectedly raised interest rates for the first time since the onset of the global financial crisis.

  • The European defence contractor, EADS, has submitted a new bid to supply refuelling aircraft for the US Air Force.

  • The US Treasury has released its much-delayed semi-annual currency report.The report, originally due to be published in April, says China's currency, the yuan, is undervalued.

  • The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.

  • The government wants to change how some private sector pensions are calculated, the proposals mean millions of people would be likely to see lower increases to their pensions in retirement.

BBC Business News 9th July 2010

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