S&P may cut France rating outlook to negative: report
(Reuters) - Credit rating agency Standard & Poor's could change the outlook for France's triple-A rating to negative within the next 10 days, a French newspaper reported on Monday, citing several sources.
The IMF is drawing up a 600 billion euro ($794 billion) bailout plan for Italy as a safeguard for the country in the event that the its debt crisis escalates even further, reported Italian daily La Stampa as cited by AFPon Sunday.
Daimler AG has decided to discontinue its Maybach ultra-luxury cars after failing to find a fix for their dwindling sales and lack of profitability, barely a decade after resuscitating the Maybach brand.
FRANKFURT - Italian two-year and five-year government-bond yields soared to euro-era highs Friday as investors began giving up on the euro zone's ability to break the political gridlock that is blocking a more decisive response to the currency bloc's debt crisis.
World Bank: China faces Europe risk, soft landing possible
China's economy faces growing risks from Europe's sovereign debt crisis and from debt held by local Chinese governments but it could engineer a soft landing by easing monetary policy, the World Bank said on Tuesday.
Nov 21 (Reuters) - Kazakh oil and gas producer Zhaikmunai has signalled its intention to seek a full London listing that would qualify it for entry into the FTSE 250 index of mid-cap companies, the Financial Times reported on Monday.