A slew of downbeat economic data has bolstered the case against raising interest rates on Thursday, according to leading business groups.
The British Chambers of Commerce and the Institute of Directors (IoD) have urged policy-makers to keep interest rates at the historically low level of 0.5%, claiming any increase this month would damage economic recovery. MORE... Ivan Glasenberg, chief executive of Glencore International, is set to make almost $10bn (£6bn) from the flotation of the commodities trading house later this month, with four other directors becoming paper billionaires. MORE...
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