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Showing 11 - 20 of 21 results for "credit downgrade"

Market Wrap - Morning

AAP  |  MONDAY, 10 OCT 2011
The Australian dollar was slightly lower after a credit downgrade for Italy and Spain dampened market optimism. At 0700 AEDT on Monday, the Australian dollar was trading at 97.39 US cents, down from 97.75 cents on Friday. Since 1700 AEDT on Friday ...

Market Wrap

AAP  |  TUESDAY, 13 SEP 2011
... impatience with the Greek government's management of its debt crisis, and the prospect of French banks suffering a credit downgrade because of the Greek debt bonds they hold, sparked heavy falls for European markets. France's CAC 40 plunged 4.03 per ...

Much ado over a known known

BENJAMIN ONG  |  TUESDAY, 19 APR 2011
... downgrade? PIMCO's chief executive and co-chief investment officer, Mohamed El-Erian, explained it eloquently, a credit downgrade because of "The continued failure to come up with a credible medium-term fiscal reform program would increase borrowing ...

Market Wrap - Morning

AAP  |  FRIDAY, 11 MAR 2011
... losing sectors. LONDON - Europe's leading stock markets retreated on Thursday as eurozone debt fears sparked by a credit downgrade to Spain overshadowed news of positive company earnings, traders said. London's FTSE 100 index of leading shares dropped ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 24 FEB 2010
... lingering unease about prospects for Greece, struggling with a debt and deficit crisis and hit again on Tuesday by a credit downgrade on its four largest banks from ratings agency Fitch. The London FTSE 100 index shed 36.98 points, or 0.69 per cent ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 DEC 2009
... on Tuesday, accelerating earlier losses as traders were gripped by concerns about Dubai's debt crisis, another credit downgrade for Greece and shrinking German industrial output. The London FTSE 100 index shed 87.53 points, or 1.65 per cent, to close ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 13 FEB 2008
The Australian market is expected to open higher following a strong lead from Wall Street and generally higher base metals prices in London. At 0704 AEDT on the Sydney Futures Exchange, the March share price index futures contract was UP 82 points to ...

Market Wrap - Morning

AAP  |  FRIDAY, 1 FEB 2008
The Australian share market is expected to open higher as New York surged after a major bond insurer reassured investors about its stability, fueling a rebound by financial shares hammered recently by the prospect of crumbling credit markets. In London ...

High fees weigh on Zurich ratings: Morningstar

Morningstar has given Zurich Financial Services' Australian fixed interest fund a 3/5 sector strength rating due to the "relatively high" fees, which it said outweigh the fund's benefits. "The relatively high fees charged for Zurich's Australian fixed ...

Credit quality on the turn, says S&P

The pace of deterioration in the credit quality of Australian and New Zealand companies slowed in late 2003 and may signal improvement on the way for 2004. That is the conclusion of a report from ratings agency Standard & Poor's (S&P), which said credit ...