S&P considers downgrade of Franc's credit rating

Source: Marketwatch

Standard & Poor's may decrease France's triple-A credit rating to negative in a period between seven to 10 days, reported La Tribune, France's newspaper. The newspaper referring to anonymous source announced the agency planned to report about credit downgrade last Friday but delayed it for unknown reasons.

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Tue, 29 Nov 2011 09:06:29 GMT

Australian and New Zealand dollars climb ahead of euro zone meeting

Aussie and Kiwi are recovering rapidly from previous week's losses as European Finance Ministers meet today in Brussels boosting optimism that they will be able to provide a quick solution to Eurozone's debt crisis. Australian dollar gained 0.6% against US dollar reaching $0.9969 in Sydney trade, while its New Zealand's peer added 0.4% to $0.7585. AUD/USD currently is trading at $0.9957 whereas NZD/USD is trading

Tue, 29 Nov 2011 10:36:17 GMT

Acer suffers from floods in Thailand

Acer Inc. announced it still hopes the company will break even in Q4 despite problems caused by insufficient quantity of hard disks because of severe floods in Thailand. The effect of the dick shortage will be the strongest between December and February and the company plans to increase prices for some models of PC by 2%-3%, said Acer spokesman.

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