Kodak Company faced bankruptcy in New York

Note: This section contains information in English only.
Source: Forexfactory
Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate during Chapter 11.
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Thu, 19 Jan 2012 11:01:23 GMT

New Zealand's CPI fell 0.3% in Q4

New Zealand's CPI unexpectedly fell 0.3% in Q4 as compared to 0.4% in Q3, reported Statistics New Zealand. Experts predicted the CPI to add 0.4% over the period. The major reason for a decline was much lower vegetable price that caused a 2.2% fall in food prices, claimed Chris Pike, manager at Statistics NZ.

Thu, 19 Jan 2012 10:56:06 GMT

European markets close modestly higher on Wednesday

Most European stocks ended slightly up on Wednesday trade as Greece kept working on deal with creditors and Germany sold bonds at record low borrowing costs. Stoxx Europe 600 climbed 0.08% to 253.48 and UK's FTSE 100 closed 0.15% up at 5,702.37. French CAC 40 dropped 0.15% to 3,264.93 while German DAX added 0.3%, finishing at 6,354.57.

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