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Moody’s raises Turkey’s credit rating

ANKARA, Turkey — Moody’s credit rating agency raised Turkey’s sovereign credit grade by one notch on Wednesday, citing significant improvements to its public finances and moves to reduce its current account deficit.

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markets

Gold extends rally; Fed in sharp focus

LONDON - Gold prices rallied for their eighth consecutive session on Tuesday, as investors cautiously dipped their toes back into the market with the Federal Reserve’s policy meeting in sharp focus for hints on sentiment towards extra policy stimulus.

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Britain’s FTSE boosted by fresh stimulus hopes

LONDON - Britain’s top shares pushed higher on Tuesday, shrugging aside uncertainties over the euro zone debt situation as investors focused on hopes for fresh economic stimulus measures from central banks, helped by a fall in British inflation numbers.

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markets

G-20 will produce plan for global growth

LOS CABOS, Mexico — The leaders of the world’s largest economies will portray themselves as united behind efforts to boost growth and job creation in order to repair a global economy roiled by fears over the European financial crisis, according to a draft of the statement to be released Tuesday at the end of the Group of 20 annual meeting.

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