Latest Business News: British Film Institute Funding Cut by 10 Percent for 2015-2016

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Latest Business News: British Film Institute Funding Cut by 10 Percent for 2015-2016

Latest Business News: British Film Institute Funding Cut by 10 Percent for 2015-2016
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Latest Business News: British Film Institute Funding Cut by 10 Percent for 2015-2016

by Wochit 1:02 mins

The British Film Institute Funding Cut by 10 Percent for 2015-2016. This latest reduction comes as part of the British government's ongoing austerity measures. Stock index futures jumped as investors looked ahead to the monthly payrolls report, which is expected to show solid jobs growth while not being strong enough to influence Federal Reserve policy. The central bank's bond-buying stimulus program has been widely credited with both the steep stock market gains thus far in 2013, as well as recent volatility as market participants question the timeline for the program ending. Standard & Poor's downgraded Nokia by one notch to B+, from BB-,warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances.

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