Morning Digest: ECB set for rate cut as inflation falls sharply

	Click to View in Browser 05/2/2013 ECB set for rate cut as inflation falls sharply FRANKFURT (Reuters) - The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.. Local mayor suspended as Bangladesh disaster toll climbs to 430 DHAKA (Reuters) - The mayor of the Bangladesh municipality where a factory building collapsed killing more than 400 people was suspended from office on Thursday, a government minister said, as rescuers pressed on with the task of recovering bodies from the wreckage.. Global shares soft ahead of ECB decision LONDON (Reuters) - European shares eased on Thursday as investors waited to see if the European Central Bank would cut rates and hint at more measures to boost struggling euro zone economies.. Kris Kross rapper Chris "Mac Daddy" Kelly dies at 34 ATLANTA (Reuters) - Chris "Mac Daddy" Kelly, one half of the 1990s rap duo Kris Kross, has died at an Atlanta hospital at the age of 34, a Fulton County Medical Examiner's spokesman said on Wednesday.. Blazers' Lillard named unanimous Rookie of the Year (Reuters) - Portland Trail Blazers guard Damian Lillard was named the NBA Rookie of the Year on Wednesday after a breakout campaign that saw him leapfrog all first-year players.. Ofcom begins investigation into BT's superfast broadband (Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group.. Virgin's passenger spaceship completes first rocket test flight (Reuters) - A six-passenger spaceship owned by an offshoot of Virgin Group fired its rocket engine in flight for the first time on Monday, a key step toward the start of commercial service in about a year, Virgin owner Richard Branson said.. Bono's one-time Sydney holiday home sells for record $55.4 million SYDNEY (Reuters) - A Sydney harborfront mansion has been sold for a record-setting A$54 million ($55.4 million) to a Chinese-born businessman, reinforcing the city's growing status as a hot property destination, newspapers said on Thursday.. Related Video Suspects accused of Boston bombing cover-up deny charges May Day celebrations turn violent in Santiago Great Debate A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend