UniCredit was downgraded to neutral

Source: Marketwatch
© Scanpix/Reuters

UniCredit SpA's rating was changed from buy to neutral  at Nomura. UniCredit is going to make €7.5 billion capital boost that will affect shares. However, Nomura experts see more potential in Mediobanca Banca di Credito Finanziario SpA that is rated as buy despite slight target share price cut from €6.9 to €6.6.

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Fri, 25 Nov 2011 09:37:05 GMT

UK launches new scheme to help jobless

UK's Deputy Prime Minister announced  the plan to create 400,000 work and training placements in order to combat high unemployment among young people. The program is worth ВЈ1bn with salary subsidies of ВЈ2,275 provided to employers for employing 160,000 young people aged between 18 and 24. However, there are still questions about program financing. Youth unemployment in the UK reached 1.02 million.

Fri, 25 Nov 2011 10:01:40 GMT

Russia leaves benchmark rate unchanged

Russia has decided to leave benchmark interest rate untouched for a second consecutive month. According to Bank Rossii statement released today it will keep borrowing rate at 8.25%. Russia is trying to restrict inflation to 7% - the lowest since the collapse of Soviet Union in 1991. However, depreciation of ruble may boost inflation next month as export power is increasing.

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