Moody's Investors Services has downgraded the Baseline Credit Assessment of Gulf Investment Corporation (GIC) from 10 to 11 (on a scale of 1 to 21, where 1 reflects the lowest level of
The stable outlook for the global beverage industry is based on the view that most beverage companies will be able to sustain current cash-flow levels by continuing to cut costs and by
Anheuser-Busch Cos. Inc. announced that it achieved good U.S. beer volume growth in the third quarter. Driven by the successful national introduction of Bud Light Lime, U.S. beer shipments-to-wholesalers increased 2.3% for
Extraordinary actions by central banks, finance ministries, and governments in the last few days have failed to contain, let alone diminish, the financial crisis, note Citigroup analysts. In particular, trust among banks
SYDNEY (Reuters) – The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring al U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive
By Kerstin Gehmlich (Reuters) – Lukas Schmidt was staring at the alluring photos of white sandy beaches and palm trees on display in the shop window of a Berlin travel agents but
Monetary easing in Asia and massive U.S. bank borrowing from the Federal Reserve did little to calm the panic in credit markets at the epicentre of the global financial crisis. Overnight interbank
The world's economic powers came under pressure to act boldly to halt financial distress as panic selling clenched Asian markets on Friday and anxiety spread over an expected global economic recession. With
Asian stocks plunged on Friday, with Japan's Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed
Central Bank of Cyprus Governor Athanasios Orphanides departed from Cyprus on Thursday to participate in the Annual Assemblies of the International Monetary Fund (IMF) and the World Bank (WB), which will be
