UK CBI May retail sales worse than expected

British retail sales fell more than expected in May and retailers believe a further deterioration is likely next month, a survey by the Confederation of British Industry showed on Thursday. The CBI's

Possible downgrade of two Armenian banks

Moody's Investors Service has placed on review for possible downgrade the global local currency (GLC) deposit ratings of two rated Armenian banks (ACBA-Credit Agricole and Ardshininvestbank). All other ratings assigned to these