DTiNews
Moody's cuts Germany outlook

Moody's cuts Germany outlook

Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
Nation's trade deficit shrinks

Nation's trade deficit shrinks

The national trade deficit reached $58 million in the first seven months of this year, representing only 0.09 percent of total export value, the General Statistics Office (GSO) has reported.
Spain borrowing costs hit record high

Spain borrowing costs hit record high

Spanish long-term borrowing costs jumped to record highs as investors turned increasingly sceptical about government efforts to stabilise a stricken banking system and the public finances.
Major cities see modest deflation

Major cities see modest deflation

The Consumer Price Index in major cities has continued to drop this month due to the impacts of falling prices and lower purchasing power.

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