TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
The UK Government has said that it will 'retire' �218m of the UK's �2bn First World War debt by refinancing bonds issued in 1917.
The annual rate of inflation in the eurozone picked up slightly in October, but marked its 13th straight month at less than half the rate targeted by the European Central Bank.
LONDON - Britain's government published proposals to give the Bank of England new legal powers to control residential mortgage lending on Thursday, but said it wanted more evidence before deciding on a BoE request to regulate lending to landlords.
Consumer confidence in the UK declined for a second straight month in October as Britons still remain pessimistic about the economy.