Now Standard & Poor’s puts Tesco on negative credit watch September 24, 2014 It hasn't been a great week for Tesco chief executive Dave Lewis, what with discovering a £250m black hole in his balance sheet, having to suspend four executives, and then being subjected to the humiliation of a series of regulators saying they were "keeping an eye" on the situation. Now, following in the footsteps of [...]
Easy money pushes S&P 500 index over 2,000 for first time August 26, 2014 US shares hit a record high yesterday, with the S&P 500 index breaking the 2,000-point mark during trading for the first time in its history. Global investors have piled into American stocks, pumped up by cheap money from central banks, and fleeing troubled economies in areas like the Eurozone and the wavering emerging markets. Federal [...]
Tesco’s credit rating downgraded by S&P amid profit fears August 8, 2014 Tesco suffered a fresh blow yesterday after Standard and Poor’s (S&P) downgraded the troubled supermarket’s credit rating over concerns of rising competition in its home market and its recent profit warning. S&P said it had cut its long-term rating on Tesco to “BBB” from “BBB+”, but reiterated its “A-2” short-term corporate credit rating on the [...]
S&P hits record after Fed assures markets on rates and economy June 18, 2014 THE S&P 500 closed at a new record high last night as US stocks rose in the wake of the Federal Reserve striking a doveish tone in its post-meeting statement. The Fed hinted at a slightly faster pace of interest rate increases starting next year, but also suggested long-term rates would be lower than indicated [...]
S&P downgrades Russia to BBB- April 25, 2014 Standard and Poor’s has cut its credit rating for Russia to BBB- – the lowest investment grade. The reason for the downgrade to a notch above "junk" is owing to large capital outflows from the country and worsening economic risks, the credit rating agency said, as the situation over Ukraine becomes more tense. It maintains [...]
The S&P500 says the Cuban missile crisis never happened April 17, 2014 What was the scariest period of the Cold War? It's commonly accepted as being the Cuban missile crisis, a standoff in October 1962, and widely thought of as the closest we've come to all out nuclear conflict. Lars Christensen, chief analyst at Danske Bank and a fellow of the Adam Smith Institute, suggests that financial [...]
New York Report: S&P climbs to another fresh all-time high March 4, 2014 US STOCKS rallied yesterday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defence of Russia’s actions in Crimea, saying he would use force in Ukraine only [...]