UK banks decrease loans to peripheral euro-zone countries

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Source: Marketwatch

British banks drastically cut loans to Greece, Italy and Spain as confidence in these countries' ability to resolve financial difficulties remains low. The biggest UK banks decreased loans to peripheral countries by 24% to 10.5 billion pounds over Q3. HSBC the largest banks by number of loans slashed its exposure by 40% as reported by Financial Times.

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Fri, 18 Nov 2011 14:54:32 GMT

Italy's cost of borrowing rises, Spain's decreases

Italy's 10-year bond yield increased by 1 basis point to 6.72% while Spain's went down by 9 basis points to 6.35%, reported FactSet Research. France's cost of borrowing decreased by about 10 basis points to 3.53%.  Analysts also announced that ECB plans second round of purchases.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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