Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
BEIJING, October 24 (Itar-Tass) — Russia, China and the United States will jointly create a new independent rating agency to provide fair and true information about global economic processes, China’s Xinhua news agency reported on Wednesday.
The U.S.-based rating agencies Standard&Poor’s, Moody’s and Fitch failed to issue a warning of the upcoming financial crisis and even helped to aggravate it, Guan Jianzhong, president of China’s Dagong Global Credit Rating Co., said.
Excessive optimism of the U.S. rating agencies led to the financial crisis and the current international rating system can no longer meet investors’ demand, Sean Egan, president of Egan-Jones Ratings Company, said.
Within six months China’s Dagong Global Credit Rating Co., Russia’s RusRating and the United States’ Egan-Jones Ratings Company will set up Universal Credit Rating Group. It will be headquartered in Hong Kong.
The group will not represent any country and will be financed by private institutions’ investments.