US savings rise in October

Note: This section contains information in English only.
Source: CNN Money

According to Commerce Department, Americans have increased their savings in October while the consumption has slightly declined. The rate of personal savings increased by 3.5% compared to 3.3% in September. Incomes advanced at faster pace than spending. Personal income surged by 0.4% in October while Americans improved their consumption only by 0.1%.

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Wed, 23 Nov 2011 14:31:32 GMT

US: demand for durables decreases

Orders for durable goods in US decreased by 0.7% in October; the sector was mainly affected by a fall in commercial transportation. However, the decrease is lower than expected as the forecast was 1.5% decline. Bookings for transportation devices, extremely volatile sector, were down by 4.8% while orders for aircraft fell by 16.4%.

Wed, 23 Nov 2011 14:40:00 GMT

Fitch warns France's rating is in danger if crisis extends

On Wednesday Fitch announced that France's AAA credit rating is exposed to downgrading if euro debt crisis will result in sharper downturn in the country. Rating agency predicted France will need extra budget consolidation measures to reach target 3% GDP deficit in 2013. However, Fitch also admitted that French triple-A rating is supported by diversified economy and stable tax system.

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