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

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Source: RTT News
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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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Fri, 14 Dec 2012 11:52:08 GMT

U.S. business inventories gain 0.4% in October

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%.

Fri, 14 Dec 2012 11:11:01 GMT

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