U.S. business inventories gain 0.4% in October

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Source: RTT News
Matching the economists expectation the U.S. business inventories increased in October, while business sales declined in the same month, the Commerce Department reported on Thursday. Business inventories advanced 0.4% in the month of October in line with forecast following a September's 0.7% gain, while a year-on-year increase in October was 5.7%.
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Fri, 14 Dec 2012 11:52:48 GMT

China's manufacturing activity expands in December

Manufacturing activity in China picked up its pace in December amid an expansion in new orders, the Markit Economics survey unveiled on Friday. Growth of the HSBC/Markit purchasing managers' index reached its highest level in 14 month-period, when increased from 50.5 in November to 50.9 in December, indicating an expansion with reading above 50 points.

Fri, 14 Dec 2012 11:32:58 GMT

S&P cuts Britain's credit outlook amid weak economic and fiscal performance

British economy's AAA credit rating outlook by Standard and Poor's was cut from 'stable' to 'negative' on Thursday with a one-in-three chance it will be downgraded within two-year horizon as the government debt is rising and the performance of economy is weaker than current expectations. Moody's Investors Service and Fitch Ratings already ranked UK among countries with 'negative' outlook.

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