Woww finally S&P Cuts Greece Rating To 'Selective Default', Standard and Poor's on Wednesday lowered the credit rating on Greece to 'selective default' (SD) from 'CCC', days after the country announced a debt buyback plan to rid the country of its mounting debt. S&P said the decision follows the Greek government's invitation to private sector bondholders on December 3 to participate in a series of debt buyback auctions
From Berlin we reporting, German Factory Orders Rebound Strongly In October, Germany's factory orders rebounded more-than-expected in October on widespread contribution from major sectors, but data does little to change the weak economic outlook
Latest news from Britain's banking industry, Bank Of England Keeps QE Unchanged, The Bank of England kept the size of stimulus unchanged at the final policy meeting of the year even though the economic prospects dimmed and the government austerity is set to continue for a longer period
Meanwhile The European Central Bank left its benchmark interest unchanged at its final rate-setting session of this year after economic sentiment improved and borrowing costs eased for troubled members of the currency-bloc. The central bank of 17 nations held the refinancing rate unchanged at 0.75 percent for a fifth successive month in December following the Governing Council meeting in Frankfurt
Jobs data from U.S. Weekly Jobless Claims Fall More Than Expected, First-time claims for U.S. unemployment benefits fell by more than expected in the week ended December 1st, according to a report released by the Labor Department on Thursday, with claims continuing to settle down following the volatility seen due to Hurricane Sandy
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