Moody's to consider European banks' ratings

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

1.       Moody's Investors Service announced it is considering reducing credit ratings for financial institutions in 15 European countries to mirror the prospective exclusion of government support. Banks in France, Spain, Italy and Austria are most exposed to review of ratings as their governments face restrained fiscal flexibility. 

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Tue, 29 Nov 2011 08:39:15 GMT

India's growth rate is likely to drop

India's growth rate is expected to have declined in the period between July and September; the rate is projected to fall below 7%, being two-years low. The decrease indicates the necessity to cease the central bank's policy aimed at lowering inflation rate. However, despite changing interest rates for 13 times since March last year, the inflation rate is still above 9%.

Tue, 29 Nov 2011 09:03:10 GMT

Obama urges EU officials to find a solution

1.       President Obama pushes European officials to avoid knocking down the common currency ahead of today's meeting in Brussels. 17-member countries' Finance ministers today will attempt to develop details how the EFSF will increase its firepower to back national debts with guarantees. Officials are preparing for the summit scheduled on December 9 to recoup investors' confidence.

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