Italy News
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Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and revised its outlook on the U.K.’s and France’s top Aaa ratings to “negative,” citing Europe’s debt crisis.
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Italy sold 12 billion euros ($15.9 billion) of Treasury bills today, meeting its target for the auction, and borrowing costs fell to the lowest since June from the previous sale.
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The following companies’ shares may be active in European trading. Stock symbols are in parentheses.
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Adidas AG already dominates the global soccer market. Now the company is targeting teenage girls more influenced by music and fashion than sports.
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