Fitch confirms Cyprus credit rating

Note: This section contains information in English only.
Source: RTT News
The sovereign long-term credit rating of Cyprus was confirmed by the Fitch rating agency at the previous level of B-, while the rating in the local currency was affirmed at CCC. At the same time, the ratings' outlooks remained negative. However, Fitch points on the positive implementation of the IMF/EU bailout program. Cyprus economy is expected to shrink 7% this year.
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Tue, 12 Nov 2013 10:02:11 GMT

German inflation falls to lowest since 2010

The consumer price index in the largest economy of the Eurozone declined 0.2% in October of the current year on a monthly basis, while the annual inflation reached 1.2% versus 1.4% in September. Last time the lower inflation was seen in August 2010. The decrease of the CPI was influenced by energy and heating oil prices. Excluding them, the annual

Tue, 12 Nov 2013 09:40:11 GMT

Australia's business confidence falls sharply in October

Business confidence in Australia recorded a steep decline in the month of October as companies outlined their plans in an environment with weak operating conditions and changed political climate, a survey published by the National Australian Bank showed on Tuesday. Australia's business confidence index slipped from a level of 12 points to 5 in October.

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