Moody's Investors Service has downgraded the global foreign currency (GFC) deposit ratings of 19 Ukrainian banks to B3 from B2 and the foreign currency debt ratings of five Ukrainian banks to B1
European shares briefly turned negative in afternoon trade on Tuesday, tracking losses in U.S. shares, as financial stocks retreated after recent sharp gains. At 1358 GMT, the FTSEurofirst 300 was trading 0.1
Britain's economy stabilised in April after a year of falling output, the National Institute of Economic and Social Research said on Tuesday. It said last month's improvement suggested the decline in output
Oil prices hit $60 a barrel on Tuesday for the first time in six months, boosted partly by a weak dollar and gains on equity markets. U.S. crude was up $1.32 a
The U.S. trade gap widened in March for the first time in eight months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed
European stocks edged higher and oil prices hit a 2009 high on Tuesday as investors chased risky assets further on hopes for improvement in the global economy, pushing the low-yielding dollar to
The combined deficit of 7,400 UK final salary pension schemes narrowed to 188.5 billion pounds ($286 billion) in April on the back of rising equity markets and gilt yields, data from the
Tourism arrivals fell over the year-earlier period less steeply in April than in February and March but the main reason could have been the timing of western Easter. On the basis of
Moody's Investors Service has downgraded Ukraine's foreign and local currency government bond ratings to B2 from B1, and assigned a negative outlook, mainly to reflect the continuing fragility of both the Ukrainian
The European Union will stress test its banking system to determine its resilience to the economic downturn and find out if it is adequately capitalised by September, EU sources said on Tuesday.
