Moody's cuts France's Aaa rating, may want to check if its next baguette explodes. The rating agency is maintaining the negative outlook originally conferred in February. Pierre Moscovici, French finance minister, was stoic at when the announcement came out. Joseph's post has the key parts of the statement by Moody's. Bold AV call on Eurogroup discussion on Greece: No decision. There are so many aspects surrounding Greece's ongoing refinancing needs still up in the air, it should come as no surprise that the agenda for Tuesday's meeting of European finance ministers has reportedly been shrunk to addressing how an immediate €15bn gap can be bridged through to 2014. A further €17.6bn seemingly required to take the country through to 2016 can be discussed later. Glencore Xstrata is born, almost. Subject to the vote of Xstrata shareholders later on Tuesday, of course. And one or two regulatory hurdles remain. But while we wait for the XTA vote, click through to Paul's post to see the voting results of the Glencore shareholder's meeting. Muddy Waters" next target: Olam. More from FT Alphaville. Defence launched by Olam against Muddy Waters on FT.com. A year in the life of the euro. David shares a EUR/USD chart from Morgan Stanley with annotations explaining what's been behind the common currency's ups and downs in 2012. (Financial Times) Statement from the bank on FT Alphaville. More Credit Suisse, as the New York attorney-general is preparing to file a lawsuit alleging the Swiss bank misled investors who lost more than $11bn on mortgage-backed securities. Financial Times, Reuters Paul Otellini is stepping down from the top job at Intel, leaving no clear successor in place for the first time as the world's biggest chipmaker struggles to find its way in the fast-growing smartphones and tablets markets. Internal contenders are thought not to have the needed background in semiconductors for mobile. Otellini was three years shy of Intel's mandatory retirement age. A lawsuit by AIG's former chief executive was dismissed on Monday. The lawsuit alleged that the Federal Reserve Bank of New York broke the law during the 2008 government bailout of the failing insurance company. Markets: A Monday rally that saw equities experience their best day for weeks, and gains for other risk assets, shuddered to a halt as concerns about the eurozone resurfaced.