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
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
German rail operator Deutsche Bahn's initial public offering will not go ahead as planned on Oct. 27, but will be delayed until market conditions improve, sources close to the company said on
France, Belgium and Luxembourg pledged to guarantee new borrowing by Dexia SA to bolster last week's public bailout, restoring some confidence in the world's largest municipal lender. Belgian Prime Minister Yves Leterme
– Finance ministers from the world's top economies faced calls on Thursday for united action after an emergency round of interest rate cuts and government support for ailing banks won only muted
LONDON, Oct 9 (Reuters) – European shares extended their day's gains in afternoon trade on Thursday, up 2 percent as U.S. stock futures rose strongly and the previous day's concerted global rate
