Germany targets Greek deal approval

Source: Bloomberg
Germany expects EU finance officials to reach an agreement over Greek bailout on meeting due February 20, said German lawmakers. Greece should increase its responsibilities in order be rescued otherwise Europe will have to take another way of action, the one that nobody really wants, emphasized Steffen Kampeter, German Deputy FM.  
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Fri, 17 Feb 2012 07:32:43 GMT

Moody's considers downgrading UBS, Credit Suisse

Credit Suisse Group AG, Morgan Stanley and UBS AG credit ratings are likely to be lowered by 3 levels, said Moody's Investors Service, currently reviewing 17 lenders and securities companies. Several large banks including Goldman Sachs, Deutsche Bank AG and HSCB Holding Plc may face two-notch downgrade. Moody's already lowered some European region insurer credit ratings, citing risks from debt

Fri, 17 Feb 2012 07:24:49 GMT

Singapore exports decline on European crisis

Singapore exports tumbled in January, first time since November as European debt turmoil harmed demand for petrochemical and electronics shipments and the Lunar New Year celebration cut the number of working days. Non-oil home exports fell 2.1% on a yearly basis, compared to a 9% improvement in December. Economists predicted a drop of 1.6%. Deliveries to European region declined 14.5%.

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