The Bank of Japan made moves to relieve fears about a deflationary economy by reviving a de facto ze...
The Bank of Japan made moves to relieve fears about a deflationary economy by reviving a de facto zero-interest rate policy. The Dow Jones, however, rose after its recent slump on hopes that the Federal Reserve would announce deep cuts in the US interest rate.
Fears about the advertising recession in the US deepened as Knight Ridder, the publisher of 32 US daily newspapers, said first-quarter earnings would undershoot expectations by 25%.
Australian mining group BHP announced that it is to merge with UK mining concern Billiton. The combined company, in which Billiton will be the 42% minority stake holder, will be worth around £20bn and will be based in Melbourne.
Meanwhile, down on the farm and throughout the offices of the Daily Mail and the Daily Telegraph calls mounted for Tony Blair to forgo the chance of a 3 May election. The calls came in the wake of news that the foot-and-mouth crisis could cost the country £9bn. There were also reports of the Queen asking the British Horseracing Board whether horse racing should have resumed while the virus was still at large.