N38 : Thirty-eighth lesson S00-TITLE : Business news S01 : The value of shares in London ended higher after heavy trading just before the close. S02 : The FTSE index closed up sixty points at 5,980, the highest level for a fortnight. S03 : The rise was triggered by hopes that the Bank of England would cut interest rates again. S04 : But a recent announcement by the Chancellor of the Exchequer suggests that the authorities fear a slowdown. S05 : With exports dropping and employment stagnating, politicians' promises that economic growth will not be affected S06 : can hardly be heard amid the warnings by prominent economists and business leaders. S07 : But the markets yesterday shrugged off the bearish news and posted very strong rises throughout the day. S08 : Blue-chips saw the biggest gains, especially banks and building societies. S09 : Boyd rose on the back of rumours of a merger with a German bank and ScotBank's shares soared thanks to strong mid-year earnings. S10 : Among the declines, shares in Nosh plc tumbled ten per cent on news of its takeover bid for the Chinese food conglomerate Chow Foods. S11 : The market was not convinced by Nosh's plans to finance the acquisition. S12 : The company is expected to announce a rights issue and an issue of convertible bonds shortly. S13 : The stockbroker Pearson lowered its recommendation on Nosh from ?buy' to ?hold'. S14 : When asked about the downgrade, Nosh's chief financial officer, Bob Worth, said that he was not surprised: S15 : "A broker is a person you turn to for help with important investment decisions," he said, S16 : "but have you noticed that the first five letters spell "broke"?" S17 : Across the Atlantic, Wall Street finished lower as the Fed announced that it was hiking interest rates by another twenty-five basis points. S18 : That's all the business news we have for you tonight. Join us again at the same time tomorrow for another edition. T00-TRANSLATE : Exercise: Translate T01 : Don't worry, he'll be back in a fortnight. T02 : The value of shares ended lower after heavy trading on Wall Street. T03 : The Chancellor of the Exchequer is responsible for the Treasury and presents the budget to Parliament. T04 : My computer is broken but I can't replace it because I'm broke. T05 : The Bank of England has announced another interest rate hike.