UK's consumer confidence worsened in December

Note: This section contains information in English only.
Source: BBC
UK's Consumer Confidence Index declined to 38 in December as compared to 40 in the preceding month. Nationwide claimed that it was caused by growing cost of living and recession in the Euro Zone. It also warned that there are low changes for recovery this year; however, easing inflationary pressure may help to increase households' budgets.


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Thu, 19 Jan 2012 10:27:23 GMT

Kodak Company faced bankruptcy in New York

Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate

Thu, 19 Jan 2012 09:28:38 GMT

Greece failed to agree with private lenders on debt cut

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