Tag Archives: BBC News

BBC News – Moody’s Lowers EU Rating Outlook To Negative – 4 September 2012

Moody’s has lowered its outlook for the European Union’s AAA credit rating to “negative” and warned that the bloc’s rating could be downgraded.

It said the move reflected the negative outlook for the ratings of the EU’s key budget contributors.

Earlier this year, Moody’s put ratings of Germany, France, Netherlands and the UK on a negative outlook. Continue reading

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BBC News – Greece Bailout: Merkel And Hollande In Extension Talks – 23 August 2012

The leaders of Germany and France are set to hold talks in Berlin on whether to give Greece more time to make the cuts required by its debt bailout.

German Chancellor Angela Merkel and French President Francois Hollande will also meet Greek Prime Minister Antonis Samaras later this week.

Meeting Mr Samaras yesterday, eurozone chief Jean-Claude Juncker kept the door open for a change to the bailout terms.

Read the rest of the story at:  http://www.bbc.co.uk link to original article

BBC News – Julian Assange Expected To Make Statement – 19 August 2012

Julian Assange is expected to make a public statement later on the diplomatic row that has engulfed him since being granted asylum by Ecuador.

Wikileaks says its founder is to speak outside the Ecuadorean embassy in London, where he has been since June. Continue reading

Libor Scandal : Seven Banks Summoned In US Probe – 16 August 2012

Barclays was fined for trying to manipulate the Libor rates

Seven banks, including HSBC and Royal Bank of Scotland, are to be questioned in the US for alleged manipulation of the Libor inter-bank lending rate.

The other banks receiving subpoenas by the New York attorney general are Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS. Continue reading

BBC News – Sean FitzPatrick Is Third Ex-Anglo Irish Bank Executive To Be Arrested In 24 Hours – 24 July 2012

Former Anglo Irish Bank chairman Sean FitzPatrick has been arrested at Dublin airport

The former head of Anglo Irish Bank, Sean FitzPatrick, has been arrested by Irish police in connection with alleged financial irregularities at the bank.

Mr FitzPatrick has been appearing in court in Dublin.

He is the third former senior executive from Anglo Irish Bank to appear in court within the past 24 hours.

All three men face 16 charges in relation to an alleged failed attempt to prop up Anglo’s share price after a stock market collapse.

http://www.bbc.co.uk/news link to original article

BBC News – Rupert Murdoch Resigns As News International Director – 22 July 2012

Rupert Murdoch has resigned from a string of directorships controlling his News Corporation’s UK newspapers.

Mr Murdoch, 81, quit directorships at NI Group Ltd, NewsCorp Investments and Times Newspaper Holdings on Friday.

News Corp plans to split into two firms, separating its newspaper and book publishing interests from its now dominant TV and film enterprises.

Read the whole story at http://www.bbc.co.uk/news link to original article

BBC News – China Pledges $20 Billion In Credit For Africa At Summit – 19 July 2012

Mr Hu called for better co-operation with African countries

China has pledged $20bn (£12.8bn) in credit for Africa over the next three years, in a push for closer ties and increased trade.

President Hu Jintao made the announcement at a summit in Beijing with leaders from 50 African nations. Continue reading