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UK launches fresh stimulus with 75 billion pound cash boost

LONDON (Reuters) – The Bank of England will spend 75 billion pounds ($114.8 billion) more of newly-created money to shield Britain’s economy from the euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximize the impact. Thursday’s decision by the BoE to…

European stocks ending third quarter in the red

European stocks slid on Friday, the last trading day of the third quarter, as markets doubted whether a boost to the eurozonebailout fund would provide the panacea to the bloc’s debt crisis. The euro dropped against the dollar as official data showed a spike in eurozone inflation to 3.0 percent in September, while…