My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.
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Thursday 17 March 2011
Provided the natural disasters do not turn into nuclear disasters, then the crisis does offer the Japanese authorities an opportunity, albeit for the worst possible reasons, to boost and reform their economy.
Thursday 10 March 2011
Moody's downgraded its credit rating on Spain today, citing worries over the cost of the banking sector's restructuring and the government's ability to achieve its borrowing reduction targets.
Tuesday 08 March 2011
Greece's credit rating has crashed once again and now stands on a par with Fiji and Vietnam.
Friday 04 March 2011
It will be quite a meeting of minds. Martin Johnson, manager of England, and Andy Robinson, coach of Scotland, have been either pulling for each other or pushing against each other for a full two decades now – they fought hammer and tongs during their playing days with Leicester and Bath respectively before Robinson helped coach Johnson to World Cup glory in 2003 – so when the two men take up the Calcutta Cup cudgels at Twickenham nine days from now, the contest will have a whole history attached to it.
Thursday 24 February 2011
First he was back in, then he was back out again. Lewis Moody, gung-ho flanker and England captain in absentia, had high hopes of reclaiming his place in the red-rose back row in this weekend's eagerly-awaited Six Nations game with France at Twickenham, despite playing fast and loose with his troublesome right knee by returning to action at least a week ahead of schedule. But yesterday's news from the camp was grim: Moody suffered a reaction after training and is now fighting to regain full fitness in time for the Calcutta Cup meeting with Scotland on 13 March.
Monday 21 February 2011
Tuesday 01 February 2011
Some good news for Bob Diamond (and goodness knows he could use some): despite all the criticism sent his way Barclays' brand has apparently increased in value by $4.2bn over the past year, at least according to the fifth edition of the BrandFinance Global Banking 500 – an annual review of the world's top banking brands published in trade mag The Banker. It's moved up to seventh place (from tenth) although is still behind HSBC (in third, down from first). The biggest faller will surprise no one: Goldman Sachs which fell from seventh to 16th.
Wednesday 19 January 2011
Nick Easter would be "honoured" to captain England in the forthcoming RBS 6 Nations after Lewis Moody picked up a knee injury.
Friday 14 January 2011
Outlook It wasn't all that long ago that the economic debate in the UK was paralysed by the fear that the credit ratings agencies were about to remove our cherished AAA rating. This was the nub of the row between Labour and the Conservatives during last year's election campaign: just how much deficit reduction was needed to save our credit rating and how quickly?
Wednesday 29 December 2010
Analysts at the credit ratings agency Moody’s Analytics have issued a stark warning that even with budget deficit programmes and savage cuts in public spending across the eurozone some of the weaker peripheral nations will still default on their debts, requiring a "restructuring".
Sunday 26 December 2010
Sunday 26 December 2010
Wednesday 22 December 2010
The ratings agency Moody's has said it may cut Portugal's rating by one or two notches within three months, citing weak growth prospects as the government seeks to cut its debt.
Saturday 18 December 2010
Outlook: Warnings for Britain everywhere you look. The downgrading of Ireland's credit rating yesterday was based on Moody's view that their austerity cuts will so stymie growth that the economy may not produce enough tax revenue to finance debt repayments. Meanwhile, in the US, the latest employment data shows the "jobless recovery" continuing.
Saturday 18 December 2010
Lloyds banking Group's exposure to the troubled Irish economy pushed its shares sharply lower in trading yesterday, as the Moody's credit ratings agency issued a radical downgrade of Irish government debt.
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