Credit Rating

1,000 jobs at risk as key UK oil refinery 'closes'

The Government gave an assurance it was doing all it could to find a buyer for one of the country's biggest oil refineries today after it fell into administration, prompting fears of job losses and fuel shortages.

More headlines

S&P comes out swinging as Obama disputes downgrade

The Obama administration and the rating agency Standard & Poor's escalated their war of words over the downgrade of US government debt yesterday, as the White House sought to deflect blame for the loss of the country's AAA credit rating.