Moody's leaves US credit rating unchanged

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/Reuters

So far Two out of three leading rating agencies have decided to keep US rating unchanged despite the super committee's inability to approve deficit cuts. On Wednesday Moody's announced it will keep nation's Aaa rating. Standard & Poors already on Monday confirmed it will preserve AA-plus. Fitch ratings agency is expected to report its decision next Thursday.     

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Thu, 24 Nov 2011 08:25:27 GMT

Portuguese go on strike

A strike in Portugal that has already lasted 24 hours has stopped public and air transportation. People expressed their protest against austerity measures as the government is going to reduce spending on public services drastically. Hundreds of people are going to join the strike today making it one of the biggest in country's history. Two major labor unions representing about a million of workers also

Thu, 24 Nov 2011 07:18:21 GMT

Citigroup may pay more than $285 m to satisfy the accord

According to lawyers following the court process, Citigroup Inc. might be required to compensate more than it proposed earlier in agreement with US regulators. Last month Citigroup, the third-largest US bank agreed to accept Securities and Exchange Commission's claim that it misinformed investors about $1 billion CDOs linked to mortgage securities. As result, investors lost more than $700 m. Current agreement implies $285 m settlement on

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