Moody's Cuts Belgium's Rating; Fitch Warns on France's
Moody's Investors Service downgraded Belgium two notches Friday, following a move earlier by Fitch Ratings to lower its outlook on France's triple-A rating.
Head of UK Armed Forces: Eurozone Crisis Could Pose Military Threat
The ongoing eurozone debt crisis is the single greatest threat to Britain's current state of national security, claimed the UK's Chief of the Defence Staff General Sir David Richards on Wednesday.
Insight: The day Europe lost patience with Britain
It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with EU founding members France and Germany and committed to binding their economies ever more tightly.
Exclusive: China to create $300 billion FX investment vehicle
China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.
Europe divided on Friday in a historic rift over building a closer fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving Britain isolated.
Ratings agency Moody's downgraded the debt of BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA), and Credit Agricole (CAGR.PA) on Friday, citing deteriorating liquidity and funding conditions.
Financial Times and IFC Launch 2012 Sustainable Finance Awards
London, December 2, 2011-The Financial Times and IFC, a member of the World Bank Group, have launched the 2012 FT/IFC Sustainable Finance Awards, the world's leading awards for banks and other financial institutions that demonstrate leadership and innovation in integrating environmental, social and corporate governance considerations into their business.
Konstantin Lifanov: "For me golf is a way of life"
As we approach 7th international golf tournament "Kazakhstan open - 2011", we had the honor to speak with the Konstantin LIFANOV - Tournament Director, Golf Director of the Golf Club "Nurtau" and one of the founders of the Kazakh golf.