Global financial markets continue their plunge in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. In early Asia trading Tuesday, Hong Kong’s Hang Seng index dropped more than 6 percent at the opening. Japan’s Nikkei index was down almost 5 percent […]
Markets Plunge; S&P, US Spar Over Rating Cut
Posted August 8th, 2011 at 8:40 pm (UTC-5)
Global financial markets continue to drop sharply in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. In early Asia trading Tuesday, Japan’s Nikkei index was down almost 4 percent, and Seoul’s KOSPI index was down 4.4 percent. On Wall Street Monday, […]
Markets Plunge; S&P, US Spar Over Rating Cut
Posted August 8th, 2011 at 7:25 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global growth. An index that measures broad U.S. stock market activity was down almost 7 percent Monday, and has dropped 11 percent since the beginning of the year. Major […]
India: US Downgrade to Have Only Limited Impact on its Economy
Posted August 8th, 2011 at 5:40 pm (UTC-5)
India’s top finance officials say the downgrading of the United States government’s credit worthiness will have only a limited impact on the country’s economy. Speaking in New Delhi Monday, Finance Minister Pranab Mukherjee said India’s economic fundamentals are strong and can handle any challenges arising from the latest crisis. Indian Central Bank officials also tried […]
Markets Plunge; S&P, US Spar Over Rating Cut
Posted August 8th, 2011 at 4:45 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global growth. An index that measures broad U.S. stock market activity was down almost 7 percent Monday, and has dropped 11 percent since the beginning of the year. Major […]
Markets Plunge; S&P, US Spar Over Rating Cut
Posted August 8th, 2011 at 2:35 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about European debt problems and global growth. An index that measures U.S. stock market activity was down more than 6.5 percent Monday afternoon, and has dropped more than 10 percent since the beginning of […]
Obama: Rating Downgrade Brings ‘New Urgency’ on Deficit
Posted August 8th, 2011 at 2:10 pm (UTC-5)
U.S. President Barack Obama says he hopes last week’s downgrading of the U.S. credit rating will give lawmakers “a renewed sense of urgency” to agree on more significant reductions in the government budget deficit. Mr. Obama repeated his calls for wealthy Americans to pay more in taxes, and what he called “modest adjustments” in costly […]
S&P, US Spar Over Rating Cut; Markets Drop
Posted August 8th, 2011 at 1:35 pm (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about European debt problems and global growth. An index that measures U.S. stock market activity was down more than 4 percent early Monday afternoon. Major indexes across Asia closed between 2 percent and 4 […]
Markets Drop; S&P Defends US Rating Cut
Posted August 8th, 2011 at 11:00 am (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about government debt problems in Europe. U.S. stock markets dropped more than 3 percent in the first hours of trading Monday. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, […]
Markets Drop; S&P Defends US Rating Cut
Posted August 8th, 2011 at 9:40 am (UTC-5)
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about government debt problems in Europe. U.S. stock markets opened with a drop of more than 2 percent Monday. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, and European […]
