Analyst news

• FOREX-Yen in demand as risk aversion grows, loonie hits fresh lows

  17-01-2016 23:40 via news.yahoo.com
  
  The safe-haven yen got off to a flying start on Monday, while the Australian dollar, usually sold off in times of market stress, stayed under pressure as Asian equities geared up for a torrid session following a big selloff on Wall Street. Investors also took aim at the Canadian dollar, driving it to a near 13-year low around C$1.4650 on growing expectations the Bank of Canada will cut interest rates as early as this week.
  
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• S&P places Casino's debt on creditwatch negative

  17-01-2016 17:38 via news.yahoo.com
  
  Standard & Poor's has placed the debt of French retailer Casino on credit watch, with negative implications, citing weakness in Brazil, high debt and a complex ownership structure. The credit rating agency said in a report it had placed Casino's long-term 'BBB-' and short-term "A3" debt ratings on credit watch, saying it may lower the long-term ratings "by no more than two notches". "Notwithstanding management's plans to sell assets to reduce debt at the Casino level, the group's profitabili
  
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• S&P places Casino’s debt on creditwatch negative

  17-01-2016 17:38
  PARIS (Reuters) – Standard & Poor’s has placed the debt of French retailer Casino <CASP.PA> on credit watch, with negative implications, citing weakness in Brazil, high debt and a complex ownership structure.
  The credit rating agency said in a report it had placed Casino’s long-term ‘BBB-‘ and short-term “A3” debt ratings on credit watch, saying it may lower the long-term ratings “by no more than two notches”.
  “Notwithstandin
  
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• MIDEAST STOCKS-Saudi plunges more than 6 pct, Egypt slides

  17-01-2016 09:35 via news.yahoo.com
  
  DUBAI, Jan 17 (Reuters) - Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil and global equity prices, while Egypt's market also continued to fall sharply. The Saudi index was down 6.5 percent in the first 15 minutes of trade after Brent oil slumped more than 6 percent to settle below $29 a barrel on Friday, capping a 13 percent decline for the week. ...
  
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