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‘S&P downgrade a setback to India’s hopes to grow at 8-9%’
The possible downgrade of India's investment status by Standard & Poor's "reflects" some of the current problems India is having, US Ambassador to India Nancy Powell said.
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The ‘Singham’ roars! Manmohan gets cracking on economy
Manmohan Singh appears to have revived his own 'animal spirits', and is reading the riot act to the Congress by putting the fear of rating agencies into it.
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RBI policy: FM’s deficit cut recipe adds to pressure for rate cut
RBI faces growing pressure to cut interest rates for the first time since April after the finance minister pledged to rein in the country's fiscal deficit.
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Why S&P’s and Moody’s don’t agree on Indian economy
S&P’s rating action call on Tuesday is premised as much on India’s political outlook as on economic fundamentals. But then, nobody ever lost money betting on the Indian political establishment’s...
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S&P downgrades UK’s credit rating outlook to negative
"The outlook revision reflects our view that we could lower the ratings on the UK within the next two years if fiscal performance weakens beyond our current expectations, S&P said in a statement.
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US sues S&P’s, alleges it inflated credit ratings
The United States today sued Standard and Poor's alleging that the credit rating agency lied about its objectivity and independence and issued inflated ratings for certain structured debt securities,...
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S&P hires top defence attorney for $5 bn lawsuit with US govt
Standard and Poor's has hired John Keker, one of the country's top white-collar defense attorneys, to help fight a $5 billion lawsuit brought by the US government this week.
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Chopper scam fallout: Fitch to downgrade Finmeccanica after Orsi arrest
Ratings agency Fitch has put Finmeccanica's "BBB-" long-term rating under review for a possible downgrade following the arrest of the Italian defence group's chairman and chief executive Giuseppe Orsi...
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Budget 2013: How Chidambaram ‘wasted’ the crisis
Chidambaram had a chance to burnish his credentials as a reformist-minded Finance Minister. He has instead opted uncharacteristically to tiptoe around the edges, and rely on questionable arithmetic to...
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S&P may revise India’s outlook if government acts on fiscal deficits
Standard & Poor's repeated its previous stance that it may revise India's outlook to "stable" from "negative" if the government implements initiatives to reduce structural fiscal deficits
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One-in-three chances of India’s ratings downgrade next year: S&P
S&P said the government's ability to prop up investment growth remained uncertain.
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Why S&P doesn’t buy Chidunomics and warns of a downgrade
The bluntest assessment of S&P’s latest message is that the agency disbelieves Chidambaram – or doesn’t have adequate faith in his ability to deliver.
View ArticleRupee fall forces S&P to maintain negative outlook for India
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's today said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor...
View ArticleIn bid to resurrect rupee, NRIs can get upfont loans for dollar deposits
The foreign banks are offering upfront financing for wealthy non-resident Indians (NRIs) to set up dollar deposits in India following various central bank incentives, including cheap dollar/rupee swap...
View ArticleFacing budget fight, Obama takes economic agenda to corporate leaders
President Barack Obama, facing a budget fight with Congress, is pushing his economic agenda to some of the nation's top corporate executives while warning opposition Republicans not to cause a...
View ArticleTwo week shutdown cost US economy $24 billion: S&P
"The bottom line is the government shutdown has hurt the US economy," Standard and Poor's said in a statement as the US Congress finally resolved the stalemate over a new budget and raising the debt...
View ArticleGoogle stock may be latest to hit $1,000 but it’s definitely not the last
In a market where stock splits have become rarer, there may be more of this to come than just the two stocks with four-digit stock prices in the Standard & Poor's 500 index - Google and...
View ArticleS&P threat: Reality check for UPA, but worry for next govt
S&P does not buy UPA’s promises on reform, fiscal deficit; but the real effects of any negative action will be felt by the next government.
View ArticleUS unemployment down by 10k, US stocks surge
In a sign that workers are in less danger of being laid off, the number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, the Labor Department said.
View ArticleUS stocks mixed on disappointing holiday sales
Investors pulled out of specialty retailers and chain stores alike. Urban Outfitters fell $1.14, or 2.9 percent, to $37.88. Coach fell $1.31, or 2.3 percent, $56.59. Target fell 83 cents, or 1.3...
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