Moody could downgrade France's AAA rating; Govt denies
A rumour that Moody's could downgrade France's TRIPLE A rating has been spreading across the European markets, which the government denies. IMF Managing Director Christine Lagarde is seeking more funds to boost the firepower for the multilateral agency, even after $320 billion has been committed for the IMF. In the US, it is a day of weak earnings for some of the top companies, as Bank of America reports lower than expected profits while the tie up with Siemens hit Nokia's earnings.
