Fitch downgrades Greek sovereign debt
Linda Young – Fourth Estate Cooperative Writer Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was [...]
Debt crisis makes Mafia Italy’s biggest bank
Diane Alter – AHN News Reporter Rome, Italy (AHN) – Italy’s banking system has a new “boss.” Thanks to the country’s ballooning debt crisis, the Mafia is Italy’s biggest “bank,” according to a study by Confesercenti. The country’s four mafia groups have expanded from their storied strongholds in the sun-baked “Mezzogiomo” south of Rome, and [...]
China warns U.S. on managing debt
Diane Alter – AHN News Trivia Writer Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts. On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a [...]
S&P says it may cut U.S. AAA credit rating
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – Standard & Poor’s said on Thursday that it may downgrade the U.S.’s AAA credit rating. The ratings agency says that Washington has a 50% chance of a credit rating cut. The S&P warning came a day after another ratings agency, Moody’s Investors Service, made [...]
S&P equates delayed Greek debt payment to default
Vittorio Hernandez – AHN News Athens, Greece (AHN) – Even if the Greek parliament had passed last week two austerity program legislations that paves the way for the release of the country’s second tranche of loan from the European Union and the International Monetary Fund, a ratings agency is still wary of a Greek debt [...]
Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
Money Men Want a Debt Deal – Now
Uncertainty on spending plan shakes weak economy Covert war in Yemen riles Congress on Libya Weiner trapped Perry may have fundraising power Good practice in health care lawsuit View full post on All Stories
Bond Risk Highest Since Eisenhower as U.S. Pushes Longer Issues
The risk of owning U.S. government debt is as great as any time since the 1950s with yields at the year’s lows and Treasury Secretary Timothy F. Geithner locking in borrowing costs by selling longer-term securities. View full post on All Stories
GOP freshman unconvinced on Geithner’s debt ceiling timetable
House Republicans are frustrated by the Treasury secretary’s refusal to present a “scorable” plan that would reduce the deficit. Read more… View full post on All Stories
Moody’s warns of U.S. credit downgrade if Washington’s debt limit is not hiked
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The Obama administration has found an unexpected ally in a ratings agency in the White House’s battle with Republican legislators over spending cuts and hiking the federal debt limit. On Thursday, Moody’s warned that it may downgrade Washington’s credit rating if the U.S. debt [...]
-
Lending News- IMF walks away from the kingdom
- Realty Trac: foreclosures dropped to lowest level since 2007
- Mortgage rates fall to new low–again
- Mortgage rates fall to record low
- Mortgage rates fall to record low
- Japan announced food aid to Nepal
- Fed leaves rates steady
- Microloan demand grows in the West Bank and Gaza Strip, despite the risks
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- IMF aid becomes Egyptian political football
- Personal Loans
- Realty Trac: foreclosures dropped to lowest level since 2007
- Bonded labor ensnares entire families
- Ally mortgage unit files bankruptcy
- Massachusetts Lawmakers Unveil Ambitious Plan To Cut Health Care Costs
- Ethnic minorities call for caution as sanctions ease
- Dubai’s bounced-check convicts go on strike
- Short sales up in housing market
- Short sales up in housing market
- Stocks slide Wednesday following Tuesday’s big gains
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- Forex News
- Getting Started In Forex – The Proven Best Strategy For Getting Started In Forex
- Forex Secrets – Delusion Number 2 – Who Prompts Forex Quotation to Traders?
- Summary Box: Stocks fall as dollar jumps
- Ava Forex Broker-Providing An Apparent Platform To Trade For Both Traders And Investors
- Forex Trading Strategies – How to Be a Super Successful Forex Trader! AAA+++
- Fed stands pat on interest rates and bond purchases
- Managed Foreign Exchange – Tips And Tricks to Manage Your Forex Account
- Car sales in Philippines jump 29 percent
- Suicide Won’t End Madoff Suits
- What to Look for in Opening a Free Forex Account
- Loan news
- Markets move higher Monday morning
- Second Guessing Medicare’s Star Rating System
- Plane with newly-inaugurated Hollande hit by lightning, trip to Germany delayed
- Mortgage rates fall to new low–again
- U.S. stocks tumble Tuesday over Greek woes
- Gingrich set to endorse rival Romney
- Thousands of Libyans still afraid to return home
- Costco to offer mortgages
- Bank of America sees profits drop
- Short sales up in housing market
