Public Deficit Widens, RBS to Raise Ã‚Â£10 B

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Market Update Analysis:

Public Deficit Widens, RBS to Raise £10 B

Author: 123jump.com Staff
123jump.com
Last Update: 3:43 PM EDT April 18 2008

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The ONS reported that March public sector budget deficit rose to £3.6 billion and net borrowings rose to £10.2 billion. Royal Bank of Scotland is expected to announce a plan to raise £10 billion to bolster its balance sheet. Council of Mortgage lenders reported mortgage lending in March fell 17% from a year ago and rose 5% from February. Kazakhmys and Eurasian Natural fell after Kazakhstan said it may impose a customs duty on exporters of metals and other mining industry.

Kazakhmys and Eurasian Natural fell after Kazakhstan said it may impose a customs duty on exporters of metals and other mining industry and would decide on its size by the end of the month.

Other commodity stocks fell as well despite crude oil prices climbing above $116 per barrel. BHP Billiton fell 1.32% and Antofagasta fell 1.14%.

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