Italian austerity plans weighted down rating tensions

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Source: Marketwatch
© Scanpix/reuters

Italian austerity measures announced by Mario Monti, PM, eased pressure on Italy's credit rating, according to Fitch Ratings. The outlook of Italy's A-plus rating stays negative indicating the necessity to implement structural reforms but the country is seeking to execute fiscal consolidation to rectify economic difficulties, the agency added.

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Thu, 08 Dec 2011 14:31:33 GMT

Venezuela brings back its gold reserves

The second shipment of gold repatriated from European and North American banks to Venezuela arrived in Caracas, said Hugo Chavez, Venezuelan President. The first yellow metal's shipment arrived November 25 without announcing any further information on amount. August's estimates showed the country has 211 tons of overseas commodity reserves. The president is concerned about the situation in the developed economies and wants to bring back all Venezuelan gold being worth 11

Thu, 08 Dec 2011 14:28:29 GMT

Russian PM Vladimir Putin blames US in election protests

Vladimir Putin, Russian PM, claimed the US was behind protests against results of the recent parliamentary elections. The PM accused Hillary Clinton, US Secretary of State, of inspiring opposition activists to protest. Foreign monitors also acted in line with certain political interests and expressed worries over election process, he said. The country has to defend its sovereignty from abroad interference, he added. United Russia,

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