EU debt ratings lowered by S&P

Source: RTT News
The European Commission disagrees with Standard & Poor's as the rating agency lowered the EU sovereign debt earlier on Friday citing overall creditworthiness deterioration after it stress-tested the Budget. The sovereign debt rating of the European Union was cut by the agency from the highest ‘AAA' rating earlier today.

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Mon, 23 Dec 2013 07:07:04 GMT

U.K. service sector rises slower in October

Service sector in the United Kingdom recorded a slight increase in the month of October with the pace of growth easing on a sequential basis mainly due to a weak performance by hotels, restaurants and distribution, the Office for National Statistics showed in a report on Friday. The U.K. service sector index gained 0.1% on a monthly basis in October

Mon, 23 Dec 2013 06:45:04 GMT

U.S. GDP rises 4.1% in Q3

Performance of the world's largest economy improved in the three months to September mainly due to a steep increase in non-residential fixed investment and consumer spending, a report revealed by the Commerce Department showed on Friday. According to the report, the U.S. GDP advanced 4.1% in the Q3 compared to 3.6% gain originally forecast.

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