S&P Downgrades China’s Credit Rating, Saying Rocketing Debt Is Stoking Economic Instability
Standard & Poors lowered its view of China’s creditworthiness, less than a month ahead of the country’s most important and sensitive political gatherings.
Standard & Poors
U.S. Stock Indexes Head Lower in Afternoon Trading; Oil Falls
Banks and other financial companies led U.S. stocks lower in late-afternoon trading Thursday as investors sized up the latest batch of company news and earnings reports.
Jerry Brown: California Faces First Deficit Since 2012
Gov. Jerry Brown warned this week that despite record economic growth, California’s $122.8 billion budget will suffer its first deficit since 2012 due to spending growing twice as fast as the economy.
World View: Hezbollah Defends Terrorist Actions by Saying It Gets All Its Money from Iran
Contents: Rating agencies downgrade Britain’s AAA credit rating; Christian community in Lebanon targeted by suicide bombers; June 12 bombing of Beirut’s Blom Bank blamed on Hezbollah; Nasrallah responds: Hezbollah gets all its funding from Iran
European Integration Going Into Reverse, Warns Rating Agency Standard & Poor’s
LONDON/FRANKFURT (Reuters) – European Union countries’ reluctance to integrate in the face of an influx of refugees and with the possible departure of Britain from the bloc could ultimately hurt creditworthiness, Standard & Poor’s said on Monday. “Indications are mounting
Stock Market Tumble: Dow Jones Falls 500 Points in One Day
The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China’s slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis.
World View: S&P lowers Russia’s Bonds to Junk Status
ISIS-linked group takes credit for hotel bombing in Tripoli Libya; Libya’s oil production plummets because of conflict; S&P lowers Russia’s bonds to junk status
