Fitch downgrades Poland's rating outlook on budget revision

WARSAW: Fitch Ratings downgraded its credit outlook for Poland to stable from positive on Friday for the first time in years, citing the government's decision to soften its fiscal discipline and let the budget deficit widen this year.

UK GDP growth for 2011 revised down to 0.8%

Household spending crept up 0.5% during the last three months of 2011 and government spending grew strongly, but it was not enough to prevent the wider British economy from contracting.

Obama requests another $1.2 trillion to pay US costs

President Barack Obama has formally notified Congress of proposals for a $1.2 trillion (£782bn) rise in borrowing, risking another battle with Republicans.

Why The Drop In U.S. Unemployment Is Only 'Half-Right'

November’s nonfarm payrolls report is out Friday, and the big news of a dip in the unemployment rate to 8.6% is splashing across the headlines.