Author: admin
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World markets rebound as Europe seeks solutions to resolve the Euro zone crisis
World stock markets rallied on Tuesday with expectations that euro zone officials were close to developing further strategic moves in order to combat the crisis that has plummeted European economies. Despite the lack of commitment by Dutch and Finnish officials for a euro-area bailout find, the rally in stock markets still continued. Not only did…
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S&P downgrades Italian Credit Rating
In a move that is expected to send shockwaves throughout world markets and particularly through the euro zone, Standard and Poor’s (S&P), the credit rating agency, downgraded Italy’s long-term credit rating to A from A-plus and cut its short-term rating to A-1 from A-1-plus with a negative outlook. The downgrade caught the financial world by…
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Is Italy the next in line for a ratings downgrade?
All eyes are on Italy. Moody’s put the country’s sovereign rating on review for a conclusion as the ninety day review period drew to a close this week. The country is the latest in the set of unstable countries located within the euro zone to have its rating succumbed to a possible downgrade. According to…