Latest News From The World
By Marc Chandler As the year winds down, a Gordian knot tying Russia, oil prices and China together is receiving a great deal of attention. Let’s see if we can unravel some of the confusing twists and turns. We turn first to China’s offer of assistance to Russia. … Read entire story.
Source: Credit Writedowns
Oil prices continue to slide, putting enormous pressure on oil producers around the world. Saudi Arabia has insisted it is willing to live with lower prices for quite a while as it seeks to maintain a grip on its market share. Kuwait also indicated its willingness to slash prices in …
Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.
By Geert De Clercq PARIS (Reuters) – Standard & Poor's cut the credit rating of Areva two notches deeper into non-investment grade status after the French nuclear group posted a record 2014 loss. The rating agency cut Areva's long-term debt to BB- from BB+ with a developing outlook, …