- S&P raises Ukraine ratings after IMF deal
(AFP)
AFP - Standard and Poor's on Friday said it was raising its assessment of Ukraine's sovereign debt after the IMF agreed a 15 billion dollar package to help its economy emerge from the economic crisis.
- Asia stocks fall as data takes shine off earnings
(AP)
AP - Asian markets fell Friday, overlooking strong earnings from some of the region's biggest companies as Japanese shares tumbled on a strong yen and dour economic figures ahead of a key U.S. growth report.
- IMF backs more stimulus to help slow US recovery
(AFP)
AFP - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington.
- New York Fed: Toxic assets from AIG gaining value
(AP)
AP - Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday. - China allows release of critical IMF report
(AFP)
AFP - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.
- Greek police tear gas protesting fuel drivers
(AP)
AP - Greek police used tear gas Thursday to disperse protesting fuel-truck drivers, whose strike is hurting tourism and industry, after the government issued an emergency order to force them back to work.
- Chemicals maker BASF sees Q2 earnings triple
(AP)
AP - Second-quarter profits at BASF SE more than tripled as a recovering global economy boosted demand and industry restocked inventories after the recession, the chemicals company said Thursday. - WTO backs China in US poultry case: Chinese media
(AFP)
AFP - The World Trade Organisation (WTO) has ruled in China's favour in a dispute with the United States over imports of Chinese chicken, state media reported Thursday.
- China denies forced technology transfer charge
(AFP)
AFP - Beijing on Thursday denied charges by a US business group that its technology transfer rules for foreign firms constitute "theft" on a massive scale, and defended its policies as meeting global rules.
- Goldman and Citigroup to sell $788.5 million CMBS
(Reuters)
Reuters - Goldman Sachs Group Inc and Citigroup Inc will sell a $788.5 million commercial mortgage-backed security, according to a term sheet sent to investors, in the largest deal of its kind since volume began crawling back after the financial crisis.
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