Rough diamond prices are likely to recover from the lows of last summer and will gradually increase over the course of 2012, although the improvement is likely to be volatile and dependent on growth in Asian demand and U.S. consumer demand, RBC markets said in its 2012 Diamond Outlook report.
Standard & Poor's will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday.
Successful Spanish and Italian auctions of shorter-term debt offered a welcome breather for crisis-weary European bond markets on Thursday, but analysts warned that the sale of 10-year bonds will provide a more accurate indication of market sentiment.
As talks between Hungary and its international creditors heat up, sharp European Union criticism of the country's lack of progress in tackling its high budget deficit added to pressure on Hungarian negotiators, who already seemed to be softening their tough stance.
The United States faces a "true revolution" in the choices it will have to make to secure its fiscal future now that the welfare state has run up against a "brick wall of economic reality", former Federal Reserve Chairman Alan Greenspan said on Wednesday.
The rejection of AT&T’s takeover bid for T-Mobile USA represents a missed opportunity to build faster broadband networks in the United States that could cope with an increase in traffic, Deutsche Telekom CEO Rene Obermann said on Tuesday.
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