Moody's cuts four U.S. banks' ratings

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Source: Bloomberg
Moody's, one of the largest rating agencies in the world, lowered four American banks' ratings. It is said that in case of financial crisis, the government will less likely help these banks. These banks include Goldman Sachs, Bank of New York Mellon, JPMorgan Chase and Morgan Stanley. At the same time, the ratings of another four biggest U.S. banks were kept at previous levels.
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Fri, 15 Nov 2013 10:11:09 GMT

Asian stocks report gains on China policy optimism

The Asian shares strives for the first weekly advance in a month, afterwards the Federal Reserve chairman nominee, Janet Yellen, announced to remain U.S. stimulus unchanged, and speculation was made that China is going to release details of optimistic economic reform.The MSCI Asia Pacific Index advanced 1.3%, thus extending weekly gain to 1.8%.

Fri, 15 Nov 2013 09:49:03 GMT

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