Standard & Poor's raises Greece's credit rating

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Source: RTT News
© Scanpix/Reuters
Rating agency Standard & Poor's raised Greece's credit rating on Tuesday by six notches from ‘selective default' to ‘B-‘, praising a successful completion of the debt buyback programme and European leaders' decision to release bailout funds to Greece. The rating agency cut Greek ratings to ‘SD' on December 5, as the government encourage private bondholders to take part in the debt buyback scheme. 
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Wed, 19 Dec 2012 08:52:13 GMT

Japan's leading index rose in October more than expected

Japan's leading index increased more than expected in October, according to data from the Cabinet Office on Wednesday. The leading index, which measures the economy's direction in the months ahead, rose to 92.8 in October compared with 92.5 in a preliminary report, following September's gauge at 91.3. Meanwhile, the lagging index was revised down from 87.2 to 86.8 in October.

Wed, 19 Dec 2012 08:30:31 GMT

Asian stocks advance on U.S. budget optimism and amid BOJ stimulus bets

Asian shares rose, with the regional benchmark index poised for the highest close since 2011, on optimism U.S.  officials will reach a budget compromise and the BOJ will expand stimulus. The MSCI Asia Pacific Index advanced as much as 1% to 129.12 at 1:55 p.m. Tokyo time. Japan's Nikkei 225 Stock Average gained 1.7% to 10,091.40, the highest since April.

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