1.The Boss Of IMF To Face Trial:
The International Monetary Fund (IMF) head Christine Lagarde, has been ordered by a French court to face trial over her role in a pay-out of some €400 million ($434 million) to businessman Bernard Tapie.
2.US Unemployment Declines:
The figure of Americans filing for unemployment aid last week dropped from a five-month high, proposing additional Federal Reserve interest rate hikes next year.
3.Volkswagen is Overhauling its Administrators:
Volkswagen said it is overhauling its senior administrators after more than two months of the firm’s diesel emissions scandal.
4.French Legislature Passes Bill On Cigarette Packaging:
The French legislature passed a bill that will require cigarettes to be sold in transparent packages without labels, stepping up limitations on the tobacco industry in the western European country with the most percentage of smokers.
5.Congo Plans To Launch Eurobond of Almost $1 Billion:
Prime Minister Matata Ponyo of the Democratic Republic of Congo stated, that for the first time the country is ready to sell almost $1 billion of bonds on international markets next year to secure programs that will help advance economic growth.
6.BHP Billiton Scrutinized By Moody’s Over Likely Decline:
BHP Billiton Ltd.’s one of the worlds leading mining companies,had it credit rating scrutinized by credit-rating firm Moody’s Investors Service for a potential Decline.The report showed how weak commodity prices is causing chaos on miners,even the ones with a relatively strong balance sheet.
7.Ukraine Backs out on $3 Billion Bond Payment To Russia:
Ukraine Backs out on a $3 billion bond payment due to Russia, Intensifying a discord over the debt as the two sides move closer to legal action.
