Standard & Poor's said on Wednesday that it was "less pessimistic" on Greece than financial markets, after worries over Greece's debt problems led to increased risk aversion in markets in recent weeks.
The euro rose and Greek borrowing cost fell to their lowest level since mid-February after a source said the Greek cabinet had agreed on steps to rein in the deficit, seen as
Prime Minister George Papandreou holds a cabinet meeting on Wednesday to hammer out tough new austerity measures Greece's European partners say are needed to rein in a bulging deficit and earn their
Asian shares rose for a fourth straight session and the euro extended its rebound against the dollar on Wednesday as investors held out hope for a bailout package for debt-ridden Greece. The
China should be more flexible on its currency and encourage more domestic consumption, a senior International Monetary Fund (IMF) official said on Wednesday, as pressure builds on Beijing to revalue the yuan.
Chile's massive earthquake is unlikely to impact the sovereign's A1 foreign and local currency ratings, which remain on positive outlook, Moody's Investors Service said in a brief comment in the wake of
Carmakers are bracing for lower sales in Europe this year as incentive programs end, while elsewhere companies are seeing opportunities in their competitors' product recalls. Car sector executives gathered in Geneva for
U.S. stocks were set for a higher open on Tuesday, a day after the S&P 500 moved into positive territory for the year, as Greece appeared to be making progress toward a
Britain's leading shares gained 0.8 percent by midday on Tuesday, buoyed by firmer commodity issues and by banks, with HSBC recovering its poise after sell-offing in the prior session on disappointing results.
The increasingly creative structures that European power companies are implementing to increase their debt capacity need careful consideration to ascertain their ratings impact, Moody's Investors Service said in a new Special Comment.
