| Three-way split again on UK rates Bank of England policymakers were again split three ways when they decided to hold interest rates at 5% earlier this month.  China shares up from 20-month low China's main share index rebounds from a 20-month low on talk that Beijing will introduce an economic rescue plan. McCain and Obama spar over taxes Barack Obama's senior economic adviser accuses John McCain of proposing huge tax cuts for rich people and large firms. Mortgage lending slump continues The slump in mortgage lending continued in July, according to the latest figures from the Council of Mortgage Lenders. India airport strike hits flights Many domestic airline flights are cancelled in India after airport workers go on strike in protest against the government's economic policies. News Wizard |