Corporation News

World Bank plans to provide USD 100 billion dollars in the form of aid to developing countries since some of the poorest countries face a serious test for the global financial crisis, says Financial Times. During the international meeting this weekend of President Robert institution Zelik said it would be a historic mistake to ignore the interests of the developing world.
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U.S. shares rose more expensive, thus their weekly growth rose by the largest since 1974 after JPMorgan Chase acted to deal with problematic mortgages, interbank interest rates decreased and the profits of companies outside the financial sector grew four times faster than in the previous quarter.

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The financial inaccessibility of housing is one of the main reasons for the violation of human right to adequate housing, the problem is exacerbated because of the global financial crisis, said on Thursday the UN Special Rapporteur on housing issues Rocket Rolnik quoted by RIA Novosti.
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Hayretin Kaplan - President of the Black Sea Bank for Trade and Development on the one hand and on the other Petar Slavov, chairman of the board of ProCredit Bank and Rumyana Todorova - a member of the board signed a contract for a credit line worth 14.5 million euros, which will be used in three tranches, each of which for three years.

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For the first time, the credit agency Moody’s Investors Service has declined for the last quarter of the year more ratings of companies in Eastern Europe than increased since the financial crisis in the U.S. has become ever more global dimensions, said Bloomberg.
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