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Construction workers work at a site as the sun sets in the northern Indian city of Chandigarh December 16, 2006. REUTERS/Ajay Verma/Files

S&P affirms negative outlook on India, says chances of downgrade remain

Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday.  Full Article 

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Bank of England's King discusses financial stability

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The Governor of the Bank of England Mervyn King speaks to the Economic Club of New York in New York, December 10, 2012. REUTERS/Brendan McDermid

The Governor of the Bank of England Mervyn King speaks to the Economic Club of New York in New York, December 10, 2012.

Credit: Reuters/Brendan McDermid

LONDON | Tue Jan 15, 2013 5:02pm IST

LONDON (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report.

(Reporting by UK bureau)
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