Fitch

Fitch Ratings says it expects to resolve the Rating Watch Negative on Portugal's 'BBB-' ratings in the fourth quarter of 2011.

Precious metals and the Swiss franc are the clear winners in Monday's early trading, as there is little improvement in the debt ceiling negotiations in the United States, while at the same time the market euphoria over the EU agreement on Greece is fading. At around 5:40 GMT, the euro moved one...

This morning, S&P again reiterated its call for a U.S. debt downgrade sometime in the next three months. The New York-based ratings agency said that there is a 50% chance it will lower the U.S. credit rating from Aaa, where it has been for 70 years. This comes as worries persist that Congress...

Fitch also removed Greece from Rating Watch Negative.

Monday, French President Nicolas Sarkozy announced plans to rollover Greece's existing debt held by French banks. The plan could set the stage for a broader European effort to salvage the ongoing crisis in Greece. Yet, the plan rests on credit agencies not cutting Greece's debt to default,...

Investors in United States government debt could see a loss of up to $100 billion if the the government loses its pristine AAA rating, according to S&P Valuation and Risk Strategies. “If Standard & Poor's or any of the other major rating agencies downgrade the U.S., Treasuries would likely...

Fitch Ratings says that Russia's intention to eliminate export quotas for grain is a positive move towards restoring the supply and demand balance for global wheat stocks, as wheat is a critical input for packaged food companies. However, ongoing restrictions in Ukraine and challenging weather...

Rating agency Fitch has cut Belgium's outlook, and moved it to negative. The rating agency cited it was concerned about the pace of Beligum's structural reform.

Oil futures fell on Monday, after new concerns arose over the continuing European debt saga. In Spain, the ruling Spanish Socialist party suffered heavy losses in local elections. The conservative Popular Party gained a foothold in many traditionally Socialist districts. The Spanish people are...

U.S. stock index futures look weak this morning while investors' digest all the bad news from the euro zone crisis. Political and fiscal troubles plague the European Union with debt in peripheral economies highlighting the biggest struggle. Highly watched Greece was downgraded by Fitch Ratings to B...

The U.S. dollar exchange rate had an interesting day on Friday. The dollar moved by roughly 1/2 of a percent against the Canadian dollar, British pound, and euro. Yet, against the yen, the dollar moved less than 1/10 of a percent. Against the Canadian dollar, the dollar rose about 0.50%. Interday...

Germany's Bundesbank said that the German economy was likely to lose some growth momentum over the coming months, according to Bloomberg. Germany's economy is currently the largest in the Eurozone and represents approximately one-fifth of the entire economy of the European Union--an economy which...