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Friday, January 13, 2012

France confirms rating to be downgraded

France confirms rating to be downgraded


France confirms rating to be downgraded

Posted: 13 Jan 2012 12:12 PM PST

French finance minister confirms that its rating would be cut to double A plus. Other officials say Austria's rating will also be lowered from triple A

ECB raps revisions to draft fiscal pact

Posted: 13 Jan 2012 11:43 AM PST

The ECB says recent revisions amounted to 'a substantial watering down' of the draft treaty to enshrine fiscal discipline in the eurozone

Greek default threat grows as talks falter

Posted: 13 Jan 2012 11:46 AM PST

Negotiators for bondholders say the latest offer made by Athens 'has not produced a constructive consolidated response' from international lenders

US to restore diplomatic ties with Myanmar

Posted: 13 Jan 2012 08:10 AM PST

President Obama welcomes Myanmar's release of hundreds of political prisoners as a "crucial step" in the country's democratic transformation

Arab League chief fears Syria civil war

Posted: 13 Jan 2012 09:42 AM PST

Syrians took to the streets in protest centres, as Nabil Elaraby said he has received troubling reports from the league's monitoring mission

Spoils of Ben Ali regime remain elusive

Posted: 13 Jan 2012 09:22 AM PST

A year after Tunisia's president fled a revolution fuelled in part by corruption, huge amounts of money are still out of reach

Nigerian unions suspend protests for weekend

Posted: 13 Jan 2012 07:44 AM PST

Unions say strike to demonstrate against the removal of fuel subsidies continues but will be halted while negotiations continue

US sanctions Chinese oil trader

Posted: 12 Jan 2012 08:27 PM PST

US imposes sanctions on three companies for selling refined oil products to Iran

Forint falls after IMF baulks at aid talks

Posted: 13 Jan 2012 04:12 AM PST

IMF chief Christine Lagarde has insisted on 'tangible steps' on macroeconomic reform before even starting financial support talks

US consumer sentiment strongest since May

Posted: 13 Jan 2012 07:16 AM PST

US trade deficit widens 10.4 per cent in November to the highest level since June as companies import more expensive foreign oil

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