Stock markets drop on news of Irish debt rating, Italian borrowing costs up
GenevaLunch News GENEVA, SWITZERLAND – World stock markets slid early Wednesday 13 July as investors’ nerves were tested, first by Ireland Tuesday evening becoming the third Eurozone country after...
View ArticleMoody’s to review US debt rating, Obama walks out of talks
GenevaLunch News GENEVA, SWITZERLAND – Credit ratings agency Moody’s announced 13 July that it will review the US debt rating, since the country is not yet making significant progress on resolving the...
View ArticleMoody’s downgrades Japan, gov’t provides yen credit line
GenevaLunch News GENEVA, SWITZERLAND – Credit rating agency Moody’s has joined Standard & Poor’s in downgrading Japan’s sovereign debt, citing a lack of long-term financial stability and...
View ArticleSwiss stock market slides less than European neighbours’ mkts. Monday
GenevaLunch News ZURICH, SWITZERLAND – Worries over the sovereign debt and financial sector woes in the euro zone hit world stocks Friday 9 September, and the slide continued Monday, with European...
View ArticleGlum pickings: Italy’s credit downgraded by Moody’s, euro slips
GenevaLunch News GENEVA, SWITZERLAND – Europe’s financial outlook is gloomy today: Italy’s economy slipped another notch late Tuesday 4 October, Greece was refused another loan by the European Union,...
View ArticleMoody’s downgrades hit UK banks
GenevaLunch News GENEVA, SWITZERLAND – Financial credit rating agency Moody’s has downgraded by 2 to 3 notches 12 financial firms, including such big names as Lloyds TSB and RBS, citing the...
View ArticleUBS gets new boss, Credit Suisse gets Moody’s warning
GenevaLunch News ZURICH, SWITZERLAND – UBS will have a new boss: Sergio Ermotti, 51, who has been the ad interim chief executive of Switzerland’s largest bank since 24 September, has been named to the...
View ArticleFrance cheered by no Moody blues, with credit rating unchanged
GenevaLunch News GENEVA, SWITZERLAND – Friday’s credit downgrade by S&Ps sent France into a bad case of the glums, but on Monday 16 January things looked brighter, as Moody’s another key credit...
View Article
