Capital Intelligence, the international credit rating agency, has raised Lebanon’s long-term foreign and local currency ratings to ‘B’ from ‘B-’ (B minus). The outlook is stable. The long-term foreign currency ratings of
Moody's Investors Service has published an in-depth Banking System Outlook on Finland in which the rating agency reiterates that its fundamental credit outlook for the banking system is negative, having changed the
Moody's has restated that its view on the fundamental credit outlook for the Italian banking system remains negative, having been changed to negative from stable in May, reflecting the impact of the
Moody's stripped Ireland of its last AAA credit rating on Thursday and warned Prime Minister Brian Cowen he needed to inflict more fiscal pain on his recession-wracked country or risk a further
European shares fell further in afternoon trade on Thursday after new data showed U.S. employers cut 467,000 jobs in June, far more than expected and increasing the U.S. unemployment rate to 9.5
Swelling gasoline stocks and a far bigger than expected rise in U.S. unemployment drove oil markets down around $2 on Thursday towards $67 a barrel. In the latest signal the economy of
New Bank of England policymaker David Miles warned that any signs of a rapid economic recovery were likely to prove a false dawn, and joined BoE colleague Tim Besley on Thursday in
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market
The European Central Bank left its main refinancing interest rate unchanged at a record low of 1.0 percent on Thursday, as expected by analysts. Markets are now turning their attention to President
China hopes for diversification of the international currency system in the future and it would be "normal" for the issue to be raised at next week's Group of Eight summit, Vice Foreign
