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| | | ... pressure placed by the snips, cuts and chops from credit ratings agencies. Standard & Poor's did a Fitch last week, cutting Spain's long-term debt credit rating from AA to AA minus. And while it was at it, it also cut BNP Paribas' credit rating to AA- ... |
| | | | ... Frankfurt the DAX-30 gained 0.89 per cent to 5,967.20 points. Madrid advanced 0.36 per cent even though Standard & Poor's cut Spain's long-term credit rating by one notch to "AA-" from "AA" with a negative outlook, following downgrades to the country's ... |
| | | | ... Pittsburgh summit. Current membership stands at 20 countries, and includes the United States, United Kingdom, Germany, France, Spain China, India and Brazil. |
| | | | ... points. Elsewhere in Europe, Milan rallied 3.67 per cent, despite news before the weekend that Fitch had cut credit ratings on Spain and Italy. Madrid shares increased by 1.07 per cent, Lisbon by 2.39 per cent, Zurich by 1.17 per cent and Amsterdam by ... |
| | | | ... positive territory at the open, despite Wall Street stocks closing in the red on Friday after a credit downgrade on Italy and Spain. Shares moved higher in early trade, and by 1200 AEDT, the benchmark S&P/ASX200 index had gained 42.3 points, or 1.02 ... |
| | | | 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 ... |
| | | | ... good news. Now for the bad. Credit ratings agencies are playing Edward Scissorhands anew. Fitch Ratings snipped Italy and Spain's credit ratings. Moody's cut the ratings of 12 UK banks citing the removal or lessening of government support and has warned ... |
| | | | ... euros" to provide a "firebreak" around Greece, Portugal and Ireland and prevent the crisis from spreading to too big to fail Spain and Italy; (2) raise the European Financial Stability Facility (EFSF) from a,-440 billion to a,-2 trillion; (3) a "quid ... |
| | | | ... per cent to 2,816.20. Milan slid 3.01 per cent and Madrid tumbled by 3.64 per cent on persistent concern that Italy and Spain could fall victim to the fast-moving eurozone crisis. In foreign exchange deals, the European single currency sank to $1.3506 ... |
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