Portuguese go on strike

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

A strike in Portugal that has already lasted 24 hours has stopped public and air transportation. People expressed their protest against austerity measures as the government is going to reduce spending on public services drastically. Hundreds of people are going to join the strike today making it one of the biggest in country's history. Two major labor unions representing about a million of workers also support the demonstration.

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Thu, 24 Nov 2011 08:26:55 GMT

A Black Friday on the stock markets is possible this year

US stock-markets have been falling for six weeks already. On Wednesday S&P 500 index moved beyond its support level of 1,192 to 1,162 while Dow Jones lost 60-points. Europe dives into crisis impacting investors' confidence. Pre-Christmas time usually implies fund managers window-dressing; however, this year companies shock public by reporting massive layoffs thus undermining foundations of business. Changes are needed as otherwise stock markets may collapse.

Thu, 24 Nov 2011 07:42:16 GMT

Moody's leaves US credit rating unchanged

So far Two out of three leading rating agencies have decided to keep US rating unchanged despite the super committee's inability to approve deficit cuts. On Wednesday Moody's announced it will keep nation's Aaa rating. Standard & Poors already on Monday confirmed it will preserve AA-plus. Fitch ratings agency is expected to report its decision next Thursday.     

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