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  <item>
  <title><![CDATA[Forex: What Happens If Greece Leaves The Euro?]]></title>
  <description><![CDATA[The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors&#039; risk appetite.]]></description>
  <guid>http://hken.ibtimes.com/articles/341870/20120517/forex-greece-leave-euro-dollar-currency.htm</guid>
  <link>http://hken.ibtimes.com/articles/341870/20120517/forex-greece-leave-euro-dollar-currency.htm</link>
  <pubDate>Thu, 17 May 2012 01:38:29 HKT</pubDate>
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  <title><![CDATA[Mervyn King and the Politics of Uncertainty]]></title>
  <description><![CDATA[The Bank of England under the direction of its governor Mervyn King today revised down its growth projections for the British economy this year and is now saying that the nation will not reach pre-crisis levels until 2014.]]></description>
  <guid>http://hken.ibtimes.com/articles/341807/20120516/mervyn-king-politics-uncertainty.htm</guid>
  <link>http://hken.ibtimes.com/articles/341807/20120516/mervyn-king-politics-uncertainty.htm</link>
  <pubDate>Wed, 16 May 2012 23:29:05 HKT</pubDate>
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  <title><![CDATA[Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap]]></title>
  <description><![CDATA[The British Pound tumbled to a fresh monthly low of 1.5888 as the Bank of England kept the door open to expand monetary policy further, and the sterling may face additional headwinds over the near-term as the spillover effects from the sovereign debt crisis dampens the outlook for the region.]]></description>
  <guid>http://hken.ibtimes.com/articles/341789/20120516/sterling-consolidate-further-dovish-boe-euro-correction.htm</guid>
  <link>http://hken.ibtimes.com/articles/341789/20120516/sterling-consolidate-further-dovish-boe-euro-correction.htm</link>
  <pubDate>Wed, 16 May 2012 22:47:44 HKT</pubDate>
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  <title><![CDATA[Greeks vote with wallets in fear of euro zone exit]]></title>
  <description><![CDATA[Greeks are voting with their wallets and pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union.]]></description>
  <guid>http://hken.ibtimes.com/articles/341740/20120516/greeks-vote-with-wallets-in-fear-of-euro-zone-exit.htm</guid>
  <link>http://hken.ibtimes.com/articles/341740/20120516/greeks-vote-with-wallets-in-fear-of-euro-zone-exit.htm</link>
  <pubDate>Wed, 16 May 2012 21:28:01 HKT</pubDate>
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  <title><![CDATA[Global Markets Signal Imminent Greek Departure From Euro Zone]]></title>
  <description><![CDATA[Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong&#039;s main stock index plunging more than 3 percent, bank runs in Athens and Britain&#039;s central bank finalizing contingency plans for a euro zone breakup.]]></description>
  <guid>http://hken.ibtimes.com/articles/341720/20120516/greek-euro-zone-hong-kong-stock-athens.htm</guid>
  <link>http://hken.ibtimes.com/articles/341720/20120516/greek-euro-zone-hong-kong-stock-athens.htm</link>
  <pubDate>Wed, 16 May 2012 21:03:03 HKT</pubDate>
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  <title><![CDATA[London Session: Central Banks’ to the rescue?]]></title>
  <description><![CDATA[The Bank of England stole the headlines this morning as it delivered its second Inflation Report of the year. Its message was fairly grim: the UK won&#039;t regain its 2007 level of output until 2018. The biggest threat to the UK economy right now according to the bank is the impasse in the Eurozone (something the BOE can&#039;t control).]]></description>
  <guid>http://hken.ibtimes.com/articles/341710/20120516/london-session-central-banks-rescue.htm</guid>
  <link>http://hken.ibtimes.com/articles/341710/20120516/london-session-central-banks-rescue.htm</link>
  <pubDate>Wed, 16 May 2012 20:44:10 HKT</pubDate>
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  <title><![CDATA[Joblessness falls unexpectedly, pay rises slow]]></title>
  <description><![CDATA[The number of Britons out of work fell at the fastest pace in nearly a year in the three months to March, official data showed on Wednesday, pointing to some  underlying resilience in the economy.]]></description>
  <guid>http://hken.ibtimes.com/articles/341690/20120516/joblessness-falls-unexpectedly-pay-rises-slow.htm</guid>
  <link>http://hken.ibtimes.com/articles/341690/20120516/joblessness-falls-unexpectedly-pay-rises-slow.htm</link>
  <pubDate>Wed, 16 May 2012 19:56:04 HKT</pubDate>
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  <title><![CDATA[Euro crisis leaves door ajar for more BoE easing]]></title>
  <description><![CDATA[Bank of England Governor Mervyn King left the door open for more support for the struggling economy on Wednesday despite higher inflation in the near term as the escalating dangers from the euro zone debt crisis pose risks to a gradual recovery.]]></description>
  <guid>http://hken.ibtimes.com/articles/341683/20120516/euro-crisis-leaves-door-ajar-for-more-boe-easing.htm</guid>
  <link>http://hken.ibtimes.com/articles/341683/20120516/euro-crisis-leaves-door-ajar-for-more-boe-easing.htm</link>
  <pubDate>Wed, 16 May 2012 19:42:02 HKT</pubDate>
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  <title><![CDATA[Fear factor sends FTSE down through 5,400 mark]]></title>
  <description><![CDATA[The top share index fell through the 5,400 point level for the first time since mid-December, driven lower by a slump in heavyweight mining stocks and fears over Greece, which have pushed investors out of equities and into cash or gilts.]]></description>
  <guid>http://hken.ibtimes.com/articles/341659/20120516/fear-factor-sends-ftse-down-through400-mark.htm</guid>
  <link>http://hken.ibtimes.com/articles/341659/20120516/fear-factor-sends-ftse-down-through400-mark.htm</link>
  <pubDate>Wed, 16 May 2012 18:49:02 HKT</pubDate>
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  <title><![CDATA[Bank of England Slashes UK Growth Forecast for 2012 [VIDEO]]]></title>
  <description><![CDATA[Bank of England economists have cut their growth forecast for the UK economy in 2012 by a third, as the eurozone crisis weighs on the economy.]]></description>
  <guid>http://hken.ibtimes.com/articles/341646/20120516/bank-england-inflation-growth-forecast.htm</guid>
  <link>http://hken.ibtimes.com/articles/341646/20120516/bank-england-inflation-growth-forecast.htm</link>
  <pubDate>Wed, 16 May 2012 17:52:30 HKT</pubDate>
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  <title><![CDATA[BoE jacks up short-term CPI outlook, growth weak]]></title>
  <description><![CDATA[British inflation is likely to remain above its 2 percent target for at least another year, while growth will be subdued and vulnerable to the euro zone debt crisis, the Bank of England forecast on Wednesday.]]></description>
  <guid>http://hken.ibtimes.com/articles/341644/20120516/boe-jacks-up-short-term-cpi-outlook-growth-weak.htm</guid>
  <link>http://hken.ibtimes.com/articles/341644/20120516/boe-jacks-up-short-term-cpi-outlook-growth-weak.htm</link>
  <pubDate>Wed, 16 May 2012 17:49:02 HKT</pubDate>
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  <title><![CDATA[UK joblessness falls unexpectedly, pay rises slow]]></title>
  <description><![CDATA[The number of Britons out of work fell at the fastest pace in nearly a year in the three months to March, official data showed on Wednesday, pointing to some]]></description>
  <guid>http://hken.ibtimes.com/articles/341623/20120516/uk-joblessness-falls-unexpectedly-pay-rises-slow.htm</guid>
  <link>http://hken.ibtimes.com/articles/341623/20120516/uk-joblessness-falls-unexpectedly-pay-rises-slow.htm</link>
  <pubDate>Wed, 16 May 2012 17:07:02 HKT</pubDate>
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  <title><![CDATA[UK Unemployment Rate Surprise Fall to 8.2% in March]]></title>
  <description><![CDATA[Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.]]></description>
  <guid>http://hken.ibtimes.com/articles/341609/20120516/uk-unemployment-march-ons.htm</guid>
  <link>http://hken.ibtimes.com/articles/341609/20120516/uk-unemployment-march-ons.htm</link>
  <pubDate>Wed, 16 May 2012 16:36:06 HKT</pubDate>
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  <title><![CDATA[Risk aversion drives FTSE down through 5,400]]></title>
  <description><![CDATA[The top share index dropped through the 5,400 level for the first-time since mid-December 2011 in early deals on Wednesday, driven by falls in risk-sensitive banks and commodity stocks.]]></description>
  <guid>http://hken.ibtimes.com/articles/341608/20120516/risk-aversion-drives-ftse-down-through400.htm</guid>
  <link>http://hken.ibtimes.com/articles/341608/20120516/risk-aversion-drives-ftse-down-through400.htm</link>
  <pubDate>Wed, 16 May 2012 16:35:02 HKT</pubDate>
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  <title><![CDATA[UK economy ailing, BoE seen keeping options open]]></title>
  <description><![CDATA[Bank of England Governor Mervyn King is seen leaving the door open for more support for Britain&#039;s struggling economy on Wednesday, prompted by escalating dangers from the euro zone.]]></description>
  <guid>http://hken.ibtimes.com/articles/341467/20120516/uk-economy-ailing-boe-seen-keeping-options-open.htm</guid>
  <link>http://hken.ibtimes.com/articles/341467/20120516/uk-economy-ailing-boe-seen-keeping-options-open.htm</link>
  <pubDate>Wed, 16 May 2012 07:21:02 HKT</pubDate>
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  <title><![CDATA[EUR Tumbles As Greece Fails To Form Government, GBP To Resume Rally]]></title>
  <description><![CDATA[The Euro pared the overnightadvance to 1.2868 as Greece fails to form a coalition government, and the single currency should continue to give back the advance from earlier this year as the fundamental outlook for the region turns increasingly bleak.]]></description>
  <guid>http://hken.ibtimes.com/articles/341313/20120515/eur-tumbles-greece-fails-form-government-gbp.htm</guid>
  <link>http://hken.ibtimes.com/articles/341313/20120515/eur-tumbles-greece-fails-form-government-gbp.htm</link>
  <pubDate>Tue, 15 May 2012 23:28:37 HKT</pubDate>
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  <title><![CDATA[GBP/USD Approaching Key Support Area Ahead of the Quarterly BoE Inflation Report]]></title>
  <description><![CDATA[The fell over the 5/15 Asian-European session, and continued to slide in early US session.The 1H chart shows the pair tagging the lower bollinger band which is 3 standard deviations from the 200 simple moving average here. The ability to do that and stay below the 200SMA is a reflection of a bearish mode. Similarly, the RSI holding below 60, and tagging 30 is a sign of a bearish market.]]></description>
  <guid>http://hken.ibtimes.com/articles/341295/20120515/gbp-usd-approaching-key-support-area-ahead.htm</guid>
  <link>http://hken.ibtimes.com/articles/341295/20120515/gbp-usd-approaching-key-support-area-ahead.htm</link>
  <pubDate>Tue, 15 May 2012 23:07:51 HKT</pubDate>
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  <title><![CDATA[Trade drag on economy despite March exports bounce]]></title>
  <description><![CDATA[The economy was dragged down by net trade in the first quarter of 2012 despite a rebound in sales to non-EU countries in March, data showed on Tuesday.]]></description>
  <guid>http://hken.ibtimes.com/articles/341241/20120515/trade-drag-on-economy-despite-march-exports-bounce.htm</guid>
  <link>http://hken.ibtimes.com/articles/341241/20120515/trade-drag-on-economy-despite-march-exports-bounce.htm</link>
  <pubDate>Tue, 15 May 2012 21:35:03 HKT</pubDate>
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  <title><![CDATA[Bundesbank Confirms German Gold Held By FED, BOE and Banque De France]]></title>
  <description><![CDATA[Germany&#039;s Bundesbank confirmed yesterday that the German gold reserves are held overseas by the Federal Reserve, the Bank of England and the Banque de France.

There has been a lack of clarity and transparency regarding the German gold reserves, as there are with many other nations gold reserves, and this had led politicians and journalists seeking transparency.]]></description>
  <guid>http://hken.ibtimes.com/articles/341145/20120515/bundesbank-confirms-german-gold-held-fed-boe-and-banque-de-france.htm</guid>
  <link>http://hken.ibtimes.com/articles/341145/20120515/bundesbank-confirms-german-gold-held-fed-boe-and-banque-de-france.htm</link>
  <pubDate>Tue, 15 May 2012 18:21:03 HKT</pubDate>
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  <title><![CDATA[George Osborne and Mervyn King Wrong to say Eurozone Hurting UK Growth: Barclays]]></title>
  <description><![CDATA[Chancellor George Osborne and Bank of England governor Sir Mervyn King should blame domestic austerity for recession and a lack of growth, says Barclays.]]></description>
  <guid>http://hken.ibtimes.com/articles/341088/20120515/george-osborne-mervyn-king-recession.htm</guid>
  <link>http://hken.ibtimes.com/articles/341088/20120515/george-osborne-mervyn-king-recession.htm</link>
  <pubDate>Tue, 15 May 2012 16:15:21 HKT</pubDate>
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  <title><![CDATA[Bundesbank confident in value of its gold reserves overseas]]></title>
  <description><![CDATA[Germany&#039;s Bundesbank said on Monday it had complete confidence in valuations of its gold holdings at other central banks after a newspaper reported that an official body had cast doubt on the accuracy in the accounting of the reserves.]]></description>
  <guid>http://hken.ibtimes.com/articles/340907/20120515/bundesbank-confident-in-value-of-its-gold-reserves-overseas.htm</guid>
  <link>http://hken.ibtimes.com/articles/340907/20120515/bundesbank-confident-in-value-of-its-gold-reserves-overseas.htm</link>
  <pubDate>Tue, 15 May 2012 03:35:02 HKT</pubDate>
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  <title><![CDATA[EUR/GBP Pushes Below 0.80 with 0.77 In Sight]]></title>
  <description><![CDATA[As the Euro falls on the weight of uncertainty, the GBP is resilient and treated like a safe haven. This has translated to the EUR/GBP falling below the 0.80 handle. The 4H chart shows a market in a persistently bearish trend, as the moving averages are aligned with longer periods above the shorter periods. The distances between them are spreading apart as well, showing no signs of slowing down.]]></description>
  <guid>http://hken.ibtimes.com/articles/340870/20120515/eur-gbp-pushes-below-0-80-77.htm</guid>
  <link>http://hken.ibtimes.com/articles/340870/20120515/eur-gbp-pushes-below-0-80-77.htm</link>
  <pubDate>Tue, 15 May 2012 01:53:20 HKT</pubDate>
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  <title><![CDATA[EUR Losses To Accelerate On Spain, Greece – GBP Outlook Hinges On BoE]]></title>
  <description><![CDATA[The Euro slipped to a fresh monthly low of 1.2829 as Spain sold EUR 2.9B in bills versus the EUR 3.0B target, while the yield tied to the region&#039;s 10-Year debt advanced to 6.33% from 6.22% following the auction.]]></description>
  <guid>http://hken.ibtimes.com/articles/340760/20120514/eur-losses-accelerate-spain-greece-gbp-outlook.htm</guid>
  <link>http://hken.ibtimes.com/articles/340760/20120514/eur-losses-accelerate-spain-greece-gbp-outlook.htm</link>
  <pubDate>Mon, 14 May 2012 22:26:05 HKT</pubDate>
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  <title><![CDATA[Spain’s Indignados Mark Anti-Austerity Protest Anniversary [PHOTOS]]]></title>
  <description><![CDATA[Tens of thousands of Spaniards protesting against the economic crisis and the austerity measures marched on the streets of different cities in the country Saturday to mark the first anniversary of the &quot;Indignados&quot; movement that ignited similar protests worldwide.]]></description>
  <guid>http://hken.ibtimes.com/articles/340402/20120513/photos-spain-protest-mark-anniversary-indignados-movement.htm</guid>
  <link>http://hken.ibtimes.com/articles/340402/20120513/photos-spain-protest-mark-anniversary-indignados-movement.htm</link>
  <pubDate>Sun, 13 May 2012 17:40:58 HKT</pubDate>
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  <title><![CDATA[Spain&#039;s ‘Indignants’ Mark First Anniversary Of Anti-Austerity Protests]]></title>
  <description><![CDATA[Thousands of demonstrators took to the streets of several Spanish cities late Saturday in what is described as a massive social movement against the economic atrocities the nation is coerced into.]]></description>
  <guid>http://hken.ibtimes.com/articles/340384/20120513/spain-s-indignants-march-against-austerity-first.htm</guid>
  <link>http://hken.ibtimes.com/articles/340384/20120513/spain-s-indignants-march-against-austerity-first.htm</link>
  <pubDate>Sun, 13 May 2012 15:14:43 HKT</pubDate>
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  <title><![CDATA[Thousands March in Spain to Mark First Anniversary of Protest Against Austerity]]></title>
  <description><![CDATA[Spain&#039;s Indignados fill streets to march against austerity measures that have not brought any improvement to the country&#039;s economic situation.]]></description>
  <guid>http://hken.ibtimes.com/articles/340374/20120513/spain-anti-austerity-protests-indignant-movement-occupy.htm</guid>
  <link>http://hken.ibtimes.com/articles/340374/20120513/spain-anti-austerity-protests-indignant-movement-occupy.htm</link>
  <pubDate>Sun, 13 May 2012 13:44:51 HKT</pubDate>
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  <title><![CDATA[Occupy London Protesters Arrested Outside Bank of England [PHOTOS]]]></title>
  <description><![CDATA[Protesters plan another demonstration at the British Bankers&#039; Association on Tuesday.]]></description>
  <guid>http://hken.ibtimes.com/articles/340372/20120513/occupy-london-protest-wall-street-campaign-demonstration.htm</guid>
  <link>http://hken.ibtimes.com/articles/340372/20120513/occupy-london-protest-wall-street-campaign-demonstration.htm</link>
  <pubDate>Sun, 13 May 2012 13:24:29 HKT</pubDate>
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  <title><![CDATA[Occupy London Demonstrators Arrested Outside Bank Of England]]></title>
  <description><![CDATA[Arrests of Occupy London demonstrators were made by City of London police at a protest outside the Bank of England on Saturday, but representatives of the two sides gave BBC News conflicting reports on the number of them.]]></description>
  <guid>http://hken.ibtimes.com/articles/340364/20120513/occupy-london-wakl-street-financial-crisis-arrests.htm</guid>
  <link>http://hken.ibtimes.com/articles/340364/20120513/occupy-london-wakl-street-financial-crisis-arrests.htm</link>
  <pubDate>Sun, 13 May 2012 11:05:52 HKT</pubDate>
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  <title><![CDATA[Recession Britain: Is George Osborne Cornered?]]></title>
  <description><![CDATA[Chancellor George Osborne has suffered a downpour of bad economic news for the UK in recent months and there looks like no end to Britain&#039;s economic woes]]></description>
  <guid>http://hken.ibtimes.com/articles/340145/20120512/uk-economy-recession-gdp-osborne.htm</guid>
  <link>http://hken.ibtimes.com/articles/340145/20120512/uk-economy-recession-gdp-osborne.htm</link>
  <pubDate>Sat, 12 May 2012 00:35:56 HKT</pubDate>
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  <title><![CDATA[Cameron backs insurers on EU capital rules]]></title>
  <description><![CDATA[Prime Minister David Cameron on Friday said his government would fight to make sure Europe&#039;s proposed Solvency II capital rules for the insurance industry did not put insurers in Britain at a disadvantage.]]></description>
  <guid>http://hken.ibtimes.com/articles/340101/20120511/cameron-backs-insurers-on-eu-capital-rules.htm</guid>
  <link>http://hken.ibtimes.com/articles/340101/20120511/cameron-backs-insurers-on-eu-capital-rules.htm</link>
  <pubDate>Fri, 11 May 2012 23:35:02 HKT</pubDate>
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