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adj. 保守的，守旧的
n. 保守派(党),
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LONDON
Britain’s economy risks overheating because of government budget deficits accumulated by Finance Minister Gordon Brown and an acceleration in house price growth, a Conservative party spokesman said.
Oliver Letwin, opposition Conservative Party financial spokesman, said the government should curb speeding and do more to rein in house price growth, suggesting the Labour government is reluctant to curb overheating in the economy ahead of the next election.
House prices growth accelerated to 19.1 percent in the quarter through April, the most since August.
The Treasury estimated it would have a deficit or 37.5 billion pounds in the fiscal year through April, the biggest since Prime Minister Tony Blair’s Labour government took office in 1997.
FRANKFURT
Business confidence in the 12-nation euro area was probably unchanged in May at a three-year high, with gains limited by concern record oil prices may crimp a global economic recovery, a survey of economists showed.
An index of confidence compiled by the European Commission may have stayed at minus 5, the highest since April 2001, according to the median forecast of 30 economists in a Bloomberg New survey. The report will be released on Friday. National indexes published in the preceding days will probably show confidence unchanged in France and falling in Germany and Italy.
“Companies have become irritated by the higher oil price, and world trade may expand at a slower clip amid expectations for a slowdown in China and the US,” said Gabriele Widmann, an economist at Dekabank in Frankfurt. “We may have seen the peak in growth last quarter.
TOKYO
Tokyo stocks edged higher yesterday as investors bought bank issues on expectations the big four banks will deliver solid earnings results.
The Nikkei Stock Average of 225 closed up 31.39 points, or 0.28 per cent, at 1.64 points. On Friday, the index gained 208.21 points, or 1.92 per cent. Bank issues led yesterday’s gains, as investors expected solid earning results from major banks. All big four banks—Mizuho, Sumitomo Mitsui, Mitsubishi Tokyo and UFJ—closed higher yesterday.
Before trading ended yesterday, banks reported mixed results for the year ended March 31, with Mizuho, Sumitomo Mitsui and Mitsubishi Tokyo financial saying their profits improved, while UFJ posted another year of losses due to bad loan write-offs. All four banks said they would be profitable this year.
DHAKA
Grieving relatives of hundreds of people believed drowned when two ferries sank during a storm in Bangladesh, lined the banks of a notorious river yesterday as hopes dimmed that any more survivors would be found.
Both ferries sank on Sunday during a sudden storm on the rain-swollen river Meghna near Chandpur, 170 kilometers southeast of Dhaka.
About 100 people were rescued or swam to safety after the sinkings. By midday yesterday some 46 bodies had been recovered. And around 150 people were still unaccounted for, officials said.
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