""There are still too many people who are left out of that recovery and acceleration of growth.""
IMF Managing Director
"Give up attempts to solve the existing problems by force."
Russian Foreign Minister
""Inequality is not inevitable, it's not like the weather. It's a policy choice.""
Oxfam’s head of policy on inequality.
""It's unbecoming for a cardinal to ski badly.""
Pope John Paul II
""The sheer scale of the challenges our world faces makes concerted, collaborative and integrated action more essential than ever.""
Professor Klaus Schwab
Founder and Executive Chairman, World Economic Forum
"The US is enduring an unprecedented crisis of trust... The root cause is the lack of objective facts and rational discourse"
President and CEO, Edelman
""We can get past this manufactured crisis and get on to a host of serious issues before us that require thoughtful bipartisan negotiations.""
Senate Majority Leader
""You may carry a smartwatch during the day for practical reasons and later want to feel elegant, have a kind of intimate bond with your object, or just feel good about yourself. I believe in the comfort and elegance that a fine watch brings today so I think there is room for both and I'm not particularly worried.""
CEO, La Montre Hermès
Another setback for the French government as the rating agency Standard & Poor’s cut its appraisal of the country’s credit worthiness. It reduced
Standard & Poor’s has cut its assessment of Ukraine’s creditworthiness with a downgrade to B minus.
S&P is concerned about Ukraine’s falling
Standard & Poor’s has upgraded its outlook on Ireland’s credit rating.
Based on the opinion that Dublin’s debt may fall faster than expected, its
Ratings agency Standard and Poor’s has cut Italy’s sovereign credit rating to BBB from BBB+ based on the country’s crumbling economy. Prime Minister
More bad news for Portugal, as the ratings agency Standard & Poor’s revised its sovereign credit outlook downward to negative from stable.
Standard & Poor’s has raised Turkey’s sovereign debt rating by one notch to “BB+”.
It puts the country on a rating just one step below investment
The US government is suing Standard & Poor’s accusing the agency of knowingly inflating its ratings of risky mortgage-related investments, of the
The US government says it wants five billion dollars from Standard & Poor’s.
In a law suit the Department of Justice is taking the agency to court
Greece’s borrowing costs have fallen after Standard & Poor’s lifted its assessment of the country’s credit rating.
That means the credit agency’s
There is some much-needed good news for Greece.
Ratings agency Standard and Poors has raised the credit rating on the country’s sovereign debt
The Greek government’s latest attempt to lower the country’s massive debt burden has resulted in a downgrade from the rating agency Standard &
An Australian court has ruled that Standard & Poor’s misled investors in the way that it rated some investments.
The agency gave its highest
Spain came under renewed pressure to formally ask for a financial bailout after a ratings agency cut the country’s credit worthiness to one point
Standard & Poor’s has downgraded 15 Italian banks, saying Italy faces a potentially deeper and more prolonged recession than the ratings agency had
Standard & Poor’s has raised Greece’s credit rating.
It is now no longer in default territory, but remains firmly in the junk category with a
Spain’s sovereign credit rating has been down graded by Standard & Poor’s for a second time this year. It’s been cut from an A to a triple-
Standard & Poor’s has downgraded Greece’s long-term rating to “Selective Default”. The news came as a blow to Athens, which had barely had time to
Greek lawmakers are pushing forward with a raft of measures demanded by eurozone states in exchange for the 130 billion euro rescue.
It was a week full of interesting insights. After the downgrade of several EU countries by rating agency Standard & Poor’s, all eyes were on the
In the aftermath of the so-called ‘Black Friday’ mass downgrading of eurozone countries, politicians and economists were quick to play down the