SHANGHAI/BEIJING (Reuters) - Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt ...
Asian stocks moved higher on Thursday, basking in the glow of a record high for the S&P 500 even as minutes from the Federal Reserve's most recent meeting showed it would probably raise interest rates as early as next month.
LONDON A judge has given Royal Bank of Scotland (RBS.L) and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's 12 billion pound cash call in 2008.
Nissan's Sunderland factory is one of the biggest carmakers in the UK. Photograph: Chris Ratcliffe/Bloomberg/Getty Images. Automotive industry.
The debt of British households will hit a record high next year, new estimates show, surpassing the pre-financial crisis peak as a surge in credit card borrowing has financed extra spending in recent months.