Asian stocks fall on Moody's EU outlook downgrade

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Source: Bloomberg
Asian stocks declined as Moody's Investors Service cut its outlook for the European Union before the European leaders' meetings. The MSCI Asia Pacific Index lost 0.4% to 117.31. Japan's Nikkei 225 Stock Average slid 0.4% and South Korea's Kospi Index fell 0.2%. Australia's S&P/ASX 200 declined 0.6%, while New Zealand's NZX 50 Index climbed 0.2%. Hong Kong's Hang Seng Index lost 0.2%.
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Tue, 04 Sep 2012 08:20:04 GMT

Moody's changes EU rating outlook to "negative"

Moody's Investors Service cut the outlook on the top-notch Aaa rating of the EU to "negative" from "stable", saying it may downgrade the region if it cuts the ratings on the EU's 4 biggest economies: Germany, France, the U.K, and the Netherlands. In July Moody's cut its outlook to "negative" for Germany, the Netherlands, and Luxembourg as the escalating Eurozone

Tue, 04 Sep 2012 08:06:25 GMT

RBA keeps benchmark unchanged at 3.5%

Reserve Bank of Australia Governor Glenn Stevens decided to keep its benchmark interest rate unchanged at 3.5%, the highest among developed economies. The domestic demand appeared to be firm in the first half of the year, while commodity prices have declined substantially recently and outlook for China's economic growth is uncertain. Stevens said the Aussie Dollar' performance was stronger than

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