Moody's raised South Korea's rating

Source: Bloomberg
Moody's Investors Service raised South Korea's sovereign debt rating to Aa3, the fourth-highest ranking, as the nation's resilience to external shocks has been strengthened and the collapse risk in South Korea during a transition to a new leadership is receding. South Korea's banks' strength has been increased by improved regulation and reduction in dependence on short-term external financing.   
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Mon, 27 Aug 2012 07:42:05 GMT

Profits of Chinese industrial company's decline

Profits of industrial companies in China declined most this year in July, the government reported, adding concern the country's economic slowdown is worsening. Income fell 5.4% to 366.8 billion Yuan ($57.7 billion) in July from a year earlier, the fourth consecutive decline, National Bureau of Statistics said. The data increases pressure on the nation's government to add stimulus measures to

Mon, 27 Aug 2012 16:52:04 GMT

Wall Street turned lower on Friday

Wall Street turned slightly lower on Friday, as investors are getting more cautious about Eurozone's leaders will ability to handle region's debt crisis. The Dow Jones Industrial Average fell 0.1%, to 13,041.9; the Standard & Poor 500 Index edged 0.2% lower, to 1,399.54, while Nasdaq 100 futures lost 0.3%, to 3,042.89.

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