The Bank of England on Tuesday began buying ?¡ê10 billion of corporate debt under a wide-ranging stimulus programme aimed at propping up the economy after Britain voted to exit the EU.
The BoE last month announced it would buy company bonds worth the equivalent of $13 billion or 11.6 billion euros over an 18-month period.
It came as the BoE slashed its key interest rate by a quarter-point to a record-low 0.25 percent and expanded its main quantitative easing (QE) bond-buying scheme by ?¡ê60 billion to ?¡ê435 billion.
At the same time
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The BoE is meanwhile purchasing debt from non-financial companies which make a "material contribution" to Britain's economy, while foreign firms such as Apple, German rail operator Deutsche Bahn and French oil giant Total as eligible to participate in the scheme.
Britain voted June 23 to quit the European Union under the so-called Brexit referendum, causing BoE governor Mark Carney to believe that the country could fall into recession.
Economic data since the vote has been mixed, while markets await upcoming releases for a clearer idea of what the future holds.
Meanwhile the prospect of a "hard Brexit"
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Prime Minister Theresa May's government has spent several weeks consulting with companies to work out its strategy in negotiating Britain's departure.
KAMPALA, Jan. 13 (Xinhua) -- The Uganda Rugby Union (URU) unveiled a new national coach who will be in charge of the team on Tuesday.
Andrew Owor, the Union president
http://www.washingtoncapitalsteamstore.com/adidas-dale-hunter-jersey , said the South African born coach Johannes Beukes will handle the national side.
"We are happy to have an experienced coach come to work with us," Owor said.
Beukes replaced former national team skipper Peter Magona who opted not to renew his contract after the national team recorded miserable results last year.
The well trained Beukes is also part of the coaching staff at a South African club, Cheetahs. While Uganda is expected to cater for accommodation, travel and upkeep costs, the Cheetahs team will take care of the other costs including the basic salary.
Beukes' appointment is a result of the development partnership that the URU signed with Cheetahs club last year.
After signing of the agreement
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NANJING, China, Aug. 17 (Xinhua) -- When Russia's rising judo star Mikhail Igolnikov came to the training venue Sunday in the Heavy Category Sports School in Nanjing, he had a problem -- he had no one to practice with.
As each country could qualify just one male and one female entry for the judo event at the Nanjing 2014 Youth Olympic Games, there is no other male player from his home country.
Igolnikov at first warmed up alone but then realized that other players were in the same situation. He eventually teamed up with Nemanja Majdov of Serbia and worked out with him. The two judoka felt they were on the same page right away.
"I've seen him before
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"Now we are rivals in competition, but we help each other in training. It is good to train with judoka from other countries."
"On the tatami we are adversaries, but off the tatami we are friends," Majdov
http://www.washingtoncapitalsteamstore.com/adidas-brett-connolly-jersey , who celebrated his 18th birthday on August 10, added.
Their sport has helped them to overcome the language barrier.
"He does not speak much English, and I do not know Russian, but somehow with judo we still understand each other. We are like brothers," Majdov said
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While Igolnikov has excellent training conditions and a full support system in Russia, Majdov, who was born in Bosnia and Herzegovina and still lives in Sarajevo, elected to represent Serbia two years ago, claiming he "did not get any support from Bosnia."
Igolnikov was surprised to learn that his new friend does not have regular training camps with the national team. "I have four training partners in my club and I am coached by my father Liubisa
http://www.washingtoncapitalsteamstore.com/adidas-andre-burakovsky-jersey ," Majdov said.
Igolnikov, who won a gold medal at the world cadet championships in 2013, and is a three-time European cadet champion, has other high-level national team members in his club and takes part in several training camps during the year.
"I invite you (Majdov) to come to my club and to our training camps to train with us," he said to Majdov and the Serbian accepted happily. "Hopefully there will be time in the fall after the world junior championship."
The men's -81kg judo competition takes place on Monday
http://www.washingtoncapitalsteamstore.com/adidas-alex-ovechkin-jersey , August 18, at the Longjiang Gymnasium.
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