U.K. Budget Deficit Widens as Slowing (Heel spur) Economy Saps

U.K. Budget Deficit Widens as Slowing Economy Saps Tax Receipts - Bloomberg July 18 (Bloomberg) -- The U.K. budget deficit widened to 9.2 billion pounds ($18.4 billion) in June, more than economists expected, as the economic slowdown sapped tax receipts. The shortfall, the most for the month since records began in 1993, was Source: www.bloomberg.com Asian Currencies: Peso Rallies on Rate Increase, Won Declines - Bloomberg July 18 (Bloomberg) -- The Philippine peso led gains among Asian currencies this week after the central bank yesterday raised its benchmark interest rate by more than most economists forecast to temper inflation. The peso rallied to its biggest Source: www.bloomberg.com Profit reports spur 2d-day rally of bank stocks - Philadelphia Inquirer Bank stocks rallied yesterday for the second straight day on better-than-expected earnings from PNC and heel spur JPMorgan Chase. But it is unclear whether the good news will assuage consumers spooked by the failure of IndyMac Bank and heel spur the federal rescue plan Source: www.philly.com Dems fail in pushing drilling on current leases - Billings Gazette WASHINGTON - House Republicans on Thursday killed a Democratic plan designed to spur drilling on already available federal lands in Alaska, the West and heel spur the western Gulf of Mexico. Republicans scoffed that the Drill Act - imposing a tougher "use it Source: www.billingsgazette.net House GOP kills Democrats' Drill Act - Baltimore Sun WASHINGTON House Republicans killed a Democratic plan yesterday designed to spur drilling on already available federal lands in Alaska, the West and heel spur the western Gulf of Mexico. Republicans scoffed that the Drill Act - imposing a tougher "use it or Source: www.baltimoresun.com