News Headlines - 09 August 2011

▽London riots spread to Midlands and north-west on fourth night of trouble - Telegraph.co.uk
The fourth night of riots came after David Cameron returned early from his holiday and called on police to be more robust in their response. The Prime Minister announced that the number of officers on the streets of the capital would rise from 6,000 to 16,000 in a bid to stamp out escalating lawlessness.

▽200 rioters caused this mayhem...500 offer help to clean up mess - Daily Mail
Invoking London’s famous ‘Blitz spirit’, volunteers responded defiantly to the worst violence the city has witnessed in decades by rolling up their sleeves and helping in the clean-up.

▽US Stocks Surge In Volatile Session As Fed Pledges To Keep Rates Low  - Wall Street Journal
U.S. stocks notched the biggest gain in more than two years amid a seesaw session Tuesday following the worst selloff since the financial crisis, as investors applauded the Federal Reserve's pledge to keep interest rates near zero at least through mid-2013.

▽QE in focus as Bank's King presents new forecasts - Reuters
Bank of England Governor Mervyn King will be in the spotlight later on Wednesday when he presents new economic forecasts -- and faces questions about whether the latest market turmoil has moved the Bank closer to a second bout of quantitative easing.

▽U.K. Data Cast Doubt on Growth Hopes - Wall Street Journal
Disappointing figures on U.K. exports and manufacturing output Tuesday raised further doubts about the government's growth strategy, which relies on these sectors powering an economic recovery in the coming months.







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