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Print - 2012-12-16
US Fed plans to boost oversight of foreign banks

US Fed plans to boost oversight of foreign banks

The US Federal Reserve on Friday proposed to tighten the leash on foreign banks to protect taxpayers from having to bail them out, in what banks said could lead to a pullback from US markets. The rules will likely make it more expensive for foreign banks
Published 16 Dec, 2012 12:00am
US Fed plans to boost oversight of foreign banks

US Fed plans to boost oversight of foreign banks

The US Federal Reserve on Friday proposed to tighten the leash on foreign banks to protect taxpayers from having to bail them out, in what banks said could lead to a pullback from US markets. The rules will likely make it more expensive for foreign banks
Published 16 Dec, 2012 12:00am
Ministry fails to continue gas supply to five IPPs

Ministry fails to continue gas supply to five IPPs

The Ministry of Petroleum and Natural Resources has shown its inability to continue gas supply to five Independent Power Plants (IPPs), official said. According to officials, the management has not only stopped gas supply to the IPPs with which it had gas
Published 16 Dec, 2012 12:00am
Ministry fails to continue gas supply to five IPPs

Ministry fails to continue gas supply to five IPPs

The Ministry of Petroleum and Natural Resources has shown its inability to continue gas supply to five Independent Power Plants (IPPs), official said. According to officials, the management has not only stopped gas supply to the IPPs with which it had gas
Published 16 Dec, 2012 12:00am
Ministry fails to continue gas supply to five IPPs

Ministry fails to continue gas supply to five IPPs

The Ministry of Petroleum and Natural Resources has shown its inability to continue gas supply to five Independent Power Plants (IPPs), official said. According to officials, the management has not only stopped gas supply to the IPPs with which it had gas
Published 16 Dec, 2012 12:00am
Egyptians vote on divisive constitution

Egyptians vote on divisive constitution

Egyptians queued in long lines on Saturday to vote on a constitution promoted by its Islamist backers as the way out of a political crisis and rejected by opponents as a recipe for further divisions in the Arab world's biggest nation. Soldiers joined poli
Published 16 Dec, 2012 12:00am
Egyptians vote on divisive constitution

Egyptians vote on divisive constitution

Egyptians queued in long lines on Saturday to vote on a constitution promoted by its Islamist backers as the way out of a political crisis and rejected by opponents as a recipe for further divisions in the Arab world's biggest nation. Soldiers joined poli
Published 16 Dec, 2012 12:00am
Neelum-Jhelum project: government unable to find adequate funding

Neelum-Jhelum project: government unable to find adequate funding

The government has been unable to arrange external funding for Neelum-Jehlum hydroelectric project and pledges assistance of $548 million from Eximbank of China and Abu Dubai Fund for Development (ADFD) have not materialised. Sources said that the project
Published 16 Dec, 2012 12:00am
Neelum-Jhelum project: government unable to find adequate funding

Neelum-Jhelum project: government unable to find adequate funding

The government has been unable to arrange external funding for Neelum-Jehlum hydroelectric project and pledges assistance of $548 million from Eximbank of China and Abu Dubai Fund for Development (ADFD) have not materialised. Sources said that the project
Published 16 Dec, 2012 12:00am
Neelum-Jhelum project: government unable to find adequate funding

Neelum-Jhelum project: government unable to find adequate funding

The government has been unable to arrange external funding for Neelum-Jehlum hydroelectric project and pledges assistance of $548 million from Eximbank of China and Abu Dubai Fund for Development (ADFD) have not materialised. Sources said that the project
Published 16 Dec, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (December 15, 2012) and the forecast for Sunday (December 16, 2012).

Published 16 Dec, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

The rupee continued its slide against the dollar on the currency market on Saturday in the process of slow business due to law and order situation in the city, money experts said. The dollar showed strength versus the rupee but it looks that the rupee may
Published 16 Dec, 2012 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

The rupee continued its slide against the dollar on the currency market on Saturday in the process of slow business due to law and order situation in the city, money experts said. The dollar showed strength versus the rupee but it looks that the rupee may
Published 16 Dec, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (December 15, 2012).

Published 16 Dec, 2012 12:00am
Ginners raise asking prices amid tight phutti supply

Ginners raise asking prices amid tight phutti supply

Prices went up amid fall in trading activity on the cotton market on Saturday as the ginners raised asking prices on tight supply of seed cotton (Phutti), dealers said. Official spot rate was unchanged at Rs 5,300, they said. In ready business, nearly 14,
Published 16 Dec, 2012 12:00am
Ukraine rapeseed exports at 1.16 million tonnes

Ukraine rapeseed exports at 1.16 million tonnes

Ukraine has exported 1.16 million tonnes of rapeseed so far in the 2012/13 season against 695,000 tonnes in the same period in 2011/12, Agriculture Minister Mykola Prysyazhnyuk said on Friday. "Farmers harvested about 1.2 million tonnes of rapeseed this y
Published 16 Dec, 2012 12:00am
No trade activity on grain market

No trade activity on grain market

Not a single deal reported on the wholesale grain and oilseeds market on Saturday as main trading centres were closed due to law and order situation in the port city.
Published 16 Dec, 2012 12:00am
Soyabean offers edge higher at US Gulf Coast

Soyabean offers edge higher at US Gulf Coast

Soyabean export premiums at the US Gulf Coast edged higher on Friday on concerns that shipments to the Gulf will grow increasingly slow due to low water levels on a key stretch of the Mississippi River, traders said. Nearby Gulf soyabean FOB basis offers
Published 16 Dec, 2012 12:00am
European wheat futures rebound, stronger euro caps gains

European wheat futures rebound, stronger euro caps gains

European wheat futures rebounded on Friday from an eight-week low but gains were limited by strength in the euro and by technical pressure built up during a pullback this week. On the Paris futures market, benchmark March milling wheat was up 3.25 euros o
Published 16 Dec, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, tracking stronger soybean prices and with short-covering support, traders said, but ended with a small weekly loss. Soybeans rose on news of the biggest November US soybean crush in nearly three years. Commercia
Published 16 Dec, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

Basis bids for hard red winter wheat in the US Plains were mostly steady on Friday in quiet pre-weekend dealings, with slow farmer selling supporting prices. Demand from mills was steady, but the pace of business was slow ahead of the year-end holidays. D
Published 16 Dec, 2012 12:00am
Indian corn futures fall about 3 percent

Indian corn futures fall about 3 percent

Indian corn futures fell about 3 percent this week, and are likely to extend losses in the next two weeks on an improvement in supplies amid an expected rise in area under cultivation in the ongoing winter-sowing season. "Supplies have vastly improved in
Published 16 Dec, 2012 12:00am
US Midwest corn bids firmer

US Midwest corn bids firmer

Corn spot basis bids firmed at river terminals around the US Midwest on Friday even as slow export demand forced some dealers at the terminals to sell the grain to interior processors and ethanol plants, merchants said. Corn bids gained 5 cents per bushel
Published 16 Dec, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 83,037 tonnes of cargo comprising 72,259 tonnes of import cargo and 10,778 tonnes of export cargo including 5,627 loaded & empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 72,259
Published 16 Dec, 2012 12:00am
Asian naphtha price higher

Asian naphtha price higher

The Asian naphtha price rebounded from a 5-1/2 week low to end the week at a two-session high of $938.50 a tonne, while its margin has also recovered from a 2-1/2 week low to $122.13 a tonne supported by demand. Malaysia's Titan bought around 30,000 tonne
Published 16 Dec, 2012 12:00am
Indian tea prices up on good demand

Indian tea prices up on good demand

Prices of CTC grade tea in India, the world's second biggest tea producer, edged higher at this week's auction on good demand, while prices of dust grade fell on higher supplies. The price of CTC (crush-tear-curl) tea rose 0.7 percent to 147.01 rupees per
Published 16 Dec, 2012 12:00am
Indian gold importers continue to stock up

Indian gold importers continue to stock up

Indian gold importers continued to stock up for the wedding season, taking advantage as prices fell, weighed by a stronger rupee, and bracing for a year-end shut down by refiners for account closing. The wedding season is underway in India and will contin
Published 16 Dec, 2012 12:00am
European shares set for 2013 gains, banks to rally

European shares set for 2013 gains, banks to rally

European shares are poised for further gains in 2013, a Reuters poll of investors and analysts showed, with many expecting the economic backdrop to improve as the region's sovereign debt crisis eases. The euro zone's bluechip Euro STOXX 50 index is seen r
Published 16 Dec, 2012 12:00am
Semen Baturaja to sell 35 percent stake in February IPO

Semen Baturaja to sell 35 percent stake in February IPO

Indonesia's state-owned cement producer, PT Semen Baturaja, plans to sell 35 percent of the company's enlarged capital in an initial public offering in February, a company director said on Wednesday. The company aims to raise up to 1 trillion rupiah ($103
Published 16 Dec, 2012 12:00am
Small investors shun Bharti Infratel IPO

Small investors shun Bharti Infratel IPO

Small investors largely shunned an IPO by the tower arm of Indian telecom firm Bharti, aimed at raising $845 million, but the issue was fully subscribed thanks to institutional buyers, data showed Saturday. The initial public offer (IPO) marked Bharti Air
Published 16 Dec, 2012 12:00am
Small investors shun Bharti Infratel IPO

Small investors shun Bharti Infratel IPO

Small investors largely shunned an IPO by the tower arm of Indian telecom firm Bharti, aimed at raising $845 million, but the issue was fully subscribed thanks to institutional buyers, data showed Saturday. The initial public offer (IPO) marked Bharti Air
Published 16 Dec, 2012 12:00am
Indian share rally to extend into next year

Indian share rally to extend into next year

Indian stocks are expected to climb to a record high by the end of next year based on expected interest rate cuts and the government's resolve to press on with reforms, a Reuters poll showed. Mumbai's benchmark Sensex index has rallied strongly since June
Published 16 Dec, 2012 12:00am
TSX inches up as miners boosted by China data

TSX inches up as miners boosted by China data

The main Canadian stock index edged higher on Friday as healthy Chinese data provided a shot in the arm for mining companies, obscuring a broader decline as investors retreated over stalled US budget talks. China's vast manufacturing sector expanded in De
Published 16 Dec, 2012 12:00am
Sri Lankan stocks slip

Sri Lankan stocks slip

Sri Lankan stocks slipped on Friday, ending a four-session gaining streak due to thin volume and profit taking in telecom shares. The bourse in the past two sessions was bolstered by a surprise rate cut by the central bank to support growth. The central b
Published 16 Dec, 2012 12:00am
Treasuries outlook: prices rise as tame inflation supports Fed policy

Treasuries outlook: prices rise as tame inflation supports Fed policy

US Treasuries prices gained on Friday on tame inflation data likely to help the Fed keep interest rates near zero, but supply pressures and worries about Washington's budget fight kept prices lower for the week overall. US consumer prices fell in November
Published 16 Dec, 2012 12:00am
Treasuries outlook: prices rise as tame inflation supports Fed policy

Treasuries outlook: prices rise as tame inflation supports Fed policy

US Treasuries prices gained on Friday on tame inflation data likely to help the Fed keep interest rates near zero, but supply pressures and worries about Washington's budget fight kept prices lower for the week overall. US consumer prices fell in November
Published 16 Dec, 2012 12:00am
Austria sells bonds at record low yields

Austria sells bonds at record low yields

Austria sold 1 billion euros worth of two government bonds at record low yields on Tuesday, paying roughly half the rates prevailing in June thanks to its status as one of the euro zone's few financial safe havens. The average yield on the 2019 bond fell
Published 16 Dec, 2012 12:00am
Austria sells bonds at record low yields

Austria sells bonds at record low yields

Austria sold 1 billion euros worth of two government bonds at record low yields on Tuesday, paying roughly half the rates prevailing in June thanks to its status as one of the euro zone's few financial safe havens. The average yield on the 2019 bond fell
Published 16 Dec, 2012 12:00am
JGBs slip as investors brace for weekend election

JGBs slip as investors brace for weekend election

Japanese government bonds mostly slipped on Friday, with benchmark yields touching their highest level this month, as investors braced for a weekend election likely to bring the conservative Liberal Democratic Party back to power and set the stage for mor
Published 16 Dec, 2012 12:00am
JGBs slip as investors brace for weekend election

JGBs slip as investors brace for weekend election

Japanese government bonds mostly slipped on Friday, with benchmark yields touching their highest level this month, as investors braced for a weekend election likely to bring the conservative Liberal Democratic Party back to power and set the stage for mor
Published 16 Dec, 2012 12:00am
SolarCity IPO may unleash more 'clean-tech' offerings

SolarCity IPO may unleash more 'clean-tech' offerings

SolarCity Corp's successful market debut could warm up the chilly environment for stocks of alternative energy companies. The solar installer had a difficult journey to becoming a public company this week, but the deal is viewed as a success in the beleag
Published 16 Dec, 2012 12:00am
SolarCity IPO may unleash more 'clean-tech' offerings

SolarCity IPO may unleash more 'clean-tech' offerings

SolarCity Corp's successful market debut could warm up the chilly environment for stocks of alternative energy companies. The solar installer had a difficult journey to becoming a public company this week, but the deal is viewed as a success in the beleag
Published 16 Dec, 2012 12:00am
Latam stocks rise on China factory pickup

Latam stocks rise on China factory pickup

Stocks in Latin American mostly rose on Friday on data showing a surge in factory activity in China, a key consumer of the region's raw materials, but uncertainty over the outcome of US budget negotiations kept markets in check. Brazil's benchmark Bovespa
Published 16 Dec, 2012 12:00am
Wall Street ends lower on sour Apple, 'cliff' uncertainty

Wall Street ends lower on sour Apple, 'cliff' uncertainty

US stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations. For the Nasdaq, this marked the second losing week in a row. All three major US stock
Published 16 Dec, 2012 12:00am
Wal-Mart selling Apple's iPhone 5 at big discount

Wal-Mart selling Apple's iPhone 5 at big discount

Wal-Mart Stores Inc said on Friday that it began selling Apple Inc's flagship iPhone 5 smartphone at a big discount in thousands of its stores. Wal-Mart said it is selling the 16 GB Apple iPhone 5 for $127, versus an original price of $189.97. The price i
Published 16 Dec, 2012 12:00am
Mexico, Argentina resolve auto trade dispute

Mexico, Argentina resolve auto trade dispute

Mexico and Argentina agreed Friday to resume trade in automobiles, ending a six-month-old dispute by striking a deal that will reduce the number of cars exported to Argentina without tariffs. "We have reached an agreement to resume auto trade and the norm
Published 16 Dec, 2012 12:00am
Some hedge funds dump their bets against France

Some hedge funds dump their bets against France

Some hedge funds are calling it quits on one of their biggest trades of the year - shorting French government bonds. Earlier this year many in London's hedge fund industry were lining up bets against the euro zone's second-largest economy, reckoning the M
Published 16 Dec, 2012 12:00am
Some hedge funds dump their bets against France

Some hedge funds dump their bets against France

Some hedge funds are calling it quits on one of their biggest trades of the year - shorting French government bonds. Earlier this year many in London's hedge fund industry were lining up bets against the euro zone's second-largest economy, reckoning the M
Published 16 Dec, 2012 12:00am
SEC has examined Bank of America mortgage repurchases

SEC has examined Bank of America mortgage repurchases

US securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. The details of the inquiries, which had not
Published 16 Dec, 2012 12:00am
SEC has examined Bank of America mortgage repurchases

SEC has examined Bank of America mortgage repurchases

US securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. The details of the inquiries, which had not
Published 16 Dec, 2012 12:00am
Manmohan says to speed up sale of stakes in state firms

Manmohan says to speed up sale of stakes in state firms

India will speed up the sale of stakes in state companies to revive the stock market and will push ahead with reforms aimed at spurring an investment recovery in the flagging economy, Prime Minister Manmohan Singh said on Saturday. Selling equity in large
Published 16 Dec, 2012 12:00am
Indebted euro countries may still need help: Finland's Stubb

Indebted euro countries may still need help: Finland's Stubb

The euro zone may not be done bailing out indebted member states, Finland's Minister for European Affairs Alexander Stubb said in an interview with public broadcaster YLE on Saturday. "We are always trying to end the bailout policy in all its forms," Stub
Published 16 Dec, 2012 12:00am
Central clearing of derivatives in EU delayed

Central clearing of derivatives in EU delayed

Central clearing of derivatives contracts in Europe will probably not start until the end of next year, a German newspaper reported, citing the head of the European Securities and Markets Authority (ESMA). The Boersen-Zeitung cited ESMA leader Steve Maijo
Published 16 Dec, 2012 12:00am
Central clearing of derivatives in EU delayed

Central clearing of derivatives in EU delayed

Central clearing of derivatives contracts in Europe will probably not start until the end of next year, a German newspaper reported, citing the head of the European Securities and Markets Authority (ESMA). The Boersen-Zeitung cited ESMA leader Steve Maijo
Published 16 Dec, 2012 12:00am
Edison Mission prepares bankruptcy filing

Edison Mission prepares bankruptcy filing

Edison Mission Energy, a power company that operates in more than a dozen US states, is preparing a possible bankruptcy filing as it tries to restructure about $5 billion in debt, according to a source close to the matter. Edison Mission, the unregulated
Published 16 Dec, 2012 12:00am
Economic slowdown in eurozone a worry for ECB: Liikanen

Economic slowdown in eurozone a worry for ECB: Liikanen

Economic growth is slowing to a worrying degree across the euro zone and not only in the periphery, European Central Bank Governing Council member Erkki Liikanen said in an interview to be published on Sunday in Germany's Welt am Sonntag newspaper. "There
Published 16 Dec, 2012 12:00am
Greek economy may start to grow in 2014, says finance minister

Greek economy may start to grow in 2014, says finance minister

Greece's economy, expected to slump for a sixth straight year in 2013, may begin to recover in 2014, the country's finance minister said on Saturday. "I believe that after the second half of 2013 we will be able to see growth, with positive rates of chang
Published 16 Dec, 2012 12:00am
World Bank loans Niger $203 million for hydroelectric dam

World Bank loans Niger $203 million for hydroelectric dam

The World Bank finalised a deal on Friday to loan Niger $203 million to help finance the second phase of the West African nation's Kandadji hydroelectric project. Located on the Niger River 160 km (100 miles) north-west of the capital Niamey, the Kandadji
Published 16 Dec, 2012 12:00am
Microsoft, Motorola file to keep patent case details private

Microsoft, Motorola file to keep patent case details private

Microsoft Corp and Google Inc's Motorola Mobility unit have requested a federal judge in Seattle to keep secret from the public various details from their recent trial concerning the value of technology patents and the two companies' attempts at a settlem
Published 16 Dec, 2012 12:00am
Microsoft, Motorola file to keep patent case details private

Microsoft, Motorola file to keep patent case details private

Microsoft Corp and Google Inc's Motorola Mobility unit have requested a federal judge in Seattle to keep secret from the public various details from their recent trial concerning the value of technology patents and the two companies' attempts at a settlem
Published 16 Dec, 2012 12:00am
Iraqi Airways takes delivery of Boeing 777

Iraqi Airways takes delivery of Boeing 777

Iraqi Airways on Saturday took delivery of a Boeing 777 passenger jet, one of dozens of aircraft Iraq has ordered in a bid to rebuild the airline, a transport ministry official said. "A Boeing 777 aircraft arrived today," said Karim al-Nuri, an adviser to
Published 16 Dec, 2012 12:00am
Peru Congress okays pipeline project parallel to one by Brazilian firm

Peru Congress okays pipeline project parallel to one by Brazilian firm

Peru's Congress approved on Thursday a plan to build a $1.8 billion natural gas pipeline from the country's south-eastern jungle to the coast to fuel growing demand for electricity in South America's fastest-growing economy. The so-called Southern Pipelin
Published 16 Dec, 2012 12:00am
Rosneft could raise $10 billion bonds for TNK-BP deal

Rosneft could raise $10 billion bonds for TNK-BP deal

Russia's Rosneft could raise as much as $10 billion on bond markets to finance its takeover of Anglo-Russian oil firm TNK-BP, potentially matching loans backed by future oil exports. Bankers familiar with Rosneft's plans to finance the $55 billion deal to
Published 16 Dec, 2012 12:00am
Rosneft could raise $10 billion bonds for TNK-BP deal

Rosneft could raise $10 billion bonds for TNK-BP deal

Russia's Rosneft could raise as much as $10 billion on bond markets to finance its takeover of Anglo-Russian oil firm TNK-BP, potentially matching loans backed by future oil exports. Bankers familiar with Rosneft's plans to finance the $55 billion deal to
Published 16 Dec, 2012 12:00am
India revokes patent for Merck asthma drug

India revokes patent for Merck asthma drug

India has revoked a patent for an asthma drug held by US-based Merck following a challenge from local pharmaceutical giant Cipla, marking a new blow to global drug firms in the Indian market. The development is the latest in a string of patent revocations
Published 16 Dec, 2012 12:00am
Fitch keeps top AAA rating for France

Fitch keeps top AAA rating for France

The Fitch ratings agency said on Friday that it was keeping France's top AAA credit rating, the only one of the three major ratings agencies to do so, but added that its outlook remained negative. "The affirmation of France's 'AAA' status is underpinned b
Published 16 Dec, 2012 12:00am
Fitch keeps top AAA rating for France

Fitch keeps top AAA rating for France

The Fitch ratings agency said on Friday that it was keeping France's top AAA credit rating, the only one of the three major ratings agencies to do so, but added that its outlook remained negative. "The affirmation of France's 'AAA' status is underpinned b
Published 16 Dec, 2012 12:00am
Pope calls for new economic model, more ethical markets

Pope calls for new economic model, more ethical markets

Pope Benedict on Friday called for a new economic model and ethical regulations for markets, saying the global financial crisis was proof that capitalism does not protect the weakest members of society. In his message for the Roman Catholic Church's World
Published 16 Dec, 2012 12:00am
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