In depth coverage of Global Financial Crisis from Business Today
Business Today
Global Financial Crisis

The International Monetary Fund (IMF) has approved disbursement of 2.798 billion special drawing rights (SDR), amounting to about $4.3 billion, to cash-strapped Greece.

 
 
Fitch already has a negative outlook on the US and has said it will make a decision on the rating this year, regardless of how the debt ceiling discussions pan out.
With a nervous eye on the "fiscal cliff", the US Federal Reserve is expected to announce a new bond-buying plan this week to support the US economy.
Greece will spend up to Euro 10 billion ($13 billion) in a heavily-discounted bond buyback program that it hopes will help stabilise its debts.
 
 
The number of people officially registered as jobless in Spain climbed by 74,296, or 1.54 per cent, in November to 4,907,817.
Moody's Investors Service has downgraded France, stripping it of its prized AAA credit rating, due to concerns over its prospects for economic growth.
Advertisement