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Bank of England follows in Fed's Footsteps With 1.5 million adjustable rate mortgages due to reset in the UK this year, the Bank of England has joined the Fed's money printing orgy. On Feb 7th, the BoE lowered its key lending rate by a quarter point to 5.25%, following a similar christian louboutin uk cut in December. Pressure has increased on the BoE's Monetary Policy Committee to slash borrowing costs, even as soaring energy and food bills are driving inflation higher..
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The company is struggling with challenges of the tanker market's overcapacity, which is depressing the charter rates for crude oil tankers. In fact, one of its largest customers, Frontline Ltd. (FRO), which currently leases 22 tankers from Ship Finance, has reported that "if the tanker market does christian louboutin sale uk not recover before 2015 and no additional equity can be raised or assets sold," it "will not have sufficient cash to repay its $225 million convertible bond loan ...

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