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(MENAFN - AFP) The Bank of England is again set to leave its key interest rate at a record low of 0.50 percent Thursday after it launched measures to cool Britain's housing market.

The BoE is forecast also to leave its level of cash stimulus, or quantitative easing, pumping around the economy at £375 billion ($642 billion, 472 billion euros).

This week's meeting of ...

 
(MENAFN - AFP) Amazon wants to put money in authors' pockets while the online retail titan battles with Hachette over terms of selling books handled by the publishing powerhouse.

Hachette told AFP that it had received the proposal on Tuesday, and fired back with a call for Amazon to "withdraw the sanctions they have unilaterally imposed" on the publisher's titles.

Amazon ...

 
(MENAFN - AFP) Chinese inflation slowed to 2.3 percent in June from a four-month high of 2.5 percent in May, official data showed Wednesday, giving authorities further room to stimulate growth in the world's second-largest economy.

The country's consumer price index - a main gauge of inflation - also rose 2.3 percent in the first six months of the year from the same period ...

 
(MENAFN - AFP) A lost Van Dyck painting spotted on a British television programme failed to find a buyer at a Tuesday auction despite estimates it would fetch 1,000 times its original price.

Auctioneers Christie's had estimated the sketch for the 1635 work "The Magistrates Of Brussels" would sell for between £300,000 and £500,000 ($856,000, 630,000 euros), but it did not ...

 
(MENAFN - AFP) The gloves that boxing legend Muhammad Ali wore in his fabled 1971 "Fight of the Century" against Joe Frazier are on the block, a US auction house said Tuesday.

The opening bid will be $125,000, said Heritage Auctions, and can be made at www.ha.com through July 30. Then they will be sold the following day at Cleveland's House of Blues.

Ali was born Cassius ...

 
(MENAFN - AFP) Twenty-five percent more children are falling ill with TB than the UN had thought, with more than 650,000 hit by the disease each year in the 22 worst affected countries, specialists said Wednesday.

Reporting in The Lancet, they said that about 53 million children under 15 are living with latent TB infection, a condition that can develop into active TB at any ...

 
(MENAFN - AFP) Citigroup is close to a deal to pay more than $4 billion to settle allegations it fraudulently marketed mortgage bonds ahead of the financial crisis, the Wall Street Journal said Tuesday.

The Journal said the bank is finalizing a deal with the US Justice Department that will fall somewhere between the $4 billion the bank had offered and the $10 billion demanded ...

 
(MENAFN - AFP) Aluminum producer Alcoa Tuesday reported a jump in earnings on strong metals pricing and lower costs as it confirmed its outlook for seven-percent aluminum demand growth in 2014.

Alcoa, the first major company to report second-quarter earnings, said net income for the period ending June 30 was $138 million, up from a loss of $119 million in the year-ago stretch.

Revenues ...

 
(MENAFN - AFP) A lost Van Dyck painting bought for £400 ($685, 500 euros) is expected to fetch £500,000 at auction on Tuesday after being spotted on a British television programme.

The painting, a sketch for the 1635 work "The Magistrates Of Brussels", was bought by Catholic priest Father Jamie MacLeod from an antiques shop in Cheshire, northern England.

In December, ...

 
(MENAFN - AFP) A vaccine that protects against four strains of the human papillomavirus, which can lead to cervical cancer, does not increase the risk of blood clots in women, researchers said Tuesday.

The findings in the Journal of the American Medical Association (JAMA) are based on 500,000 girls and women aged 10 to 44 who received the HPV vaccine between 2006 and 2013.

Using ...

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