A round-up of the key stories across the specialist financial media, including how France and Germany have reached a “comprehensive” agreement on new fiscal rules
France and Germany have reached a “comprehensive” agreement on new fiscal rules for the beleaguered eurozone, as a package of measures designed to save the single currency begins to take shape.
Germany and the eurozone’s five other triple A members face having their top-notch ratings downgraded after Standard & Poor’s put 15 countries in the single currency bloc on negative creditwatch.
Asian stocks and the euro fell on Tuesday after ratings agency Standard & Poor’s warned it might downgrade euro zone countries en masse if European leaders fail to produce a credible plan to solve the region’s debt crisis at a summit later this week.
Chinese high yields are expected to attract more investors due to promising credit conditions and loan growth trends that could support a rally, says the US bank.
‘Rotten’ Olympus at Risk of Delisting After Report
Olympus Corp. risks being delisted even if it makes a Dec. 14 deadline to announce earnings, the Tokyo Stock Exchange said after the release of an independent report into false accounting by the Japanese camera maker.
