Fitch cuts UK debt outlook to negative

Note: This section contains information in English only.
Source: Bloomberg
Fitch Ratings warned UK may lose its AAA rating in two years as the country has limited capability to cope with economic and financial shocks. Fitch lowered UK outlook from stable to negative indicating a probability above 50% that Britain's top sovereign rating might be cut. Fitch emphasized slow economic recovery, notable debt levels and risks from Euro Area debt crisis as main reasons for the change of the outlook.
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Thu, 15 Mar 2012 07:29:30 GMT

Gold rebounds after Fed meeting's impact

Gold futures increased during the Asian trade in Thursday as traders' sentiment improved after being dampened by the Fed meeting that did not indicate any signs of further monetary easing. COMEX gold futures for delivery in April traded at 1,644.45 US Dollars per troy ounce on the New York Mercantile Exchange, easing up by 0.09%.

Thu, 15 Mar 2012 07:13:26 GMT

US current account deficit widened in 4th quarter

US current account deficit expanded more than predicted in the 4th quarter reaching USD 124.1 billion, the largest gap since 2008. Economists questioned by Bloomberg predicted the fourth quarter shortfall to attain USD 115.0 billion. The total deficit for 2011 rose to USD 473.4 billion or 3.1% of GDP. Jeremy Lawson, BNP Paribas senior economist in US expects the gap to broaden further. 

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