Standard & Poors

Standard & Poors lowered its view of China’s creditworthiness, less than a month ahead of the country’s most important and sensitive political gatherings.

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.

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.

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

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

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.

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