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Japan's Trade Deficit Surges to Record High
Monday, February 20, 2012 - 8:07am | 853Japanese authorities reported a trade deficit for last month that was the biggest January trade deficit on record. A strong yen, after effects from last year's natural disasters and weakening demand in China and Europe were the major contributing factors to Japan's growing trade deficit. The...
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Evidence Grows That American Economy Is Improving
Friday, February 17, 2012 - 1:58pm | 743More evidence emerged today that the American economy is picking up steam. The latest figures from the Conference Board revealed that the index of leading economic indicators (LEI ) rose 0.4 percent during the month of January, which was the fourth month in a row that the closely observed economic...
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American Employment Outlook Improves
Thursday, February 16, 2012 - 2:28pm | 563The number of Americans applying for unemployment benefits fell to the lowest level seen since 2008. The Labor Department reported on Thursday that applications for unemployment benefits fell 13,000 to a seasonally adjusted figure of 348,000. Today's announcement of a drop in unemployment...
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Spain and France's Bond Auctions Not As Successful As Reported
Thursday, February 16, 2012 - 12:33pm | 759Despite getting bad publicity from Moody's Investors Service recently, France and Spain both conducted bond auctions on Thursday that the two countries deemed successful. Earlier this week Spain was downgraded and France was put on downgrade watch by Moody's but the two Eurozone countries managed...
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Moody's Places America's Biggest Banks Under Review
Thursday, February 16, 2012 - 9:01am | 691Moody's Investors Service warned more than a dozen of America's and Europe's biggest banks with significant global capital markets operations that it was placing them under review for possible downgrades. The major American banks that Moody's placed under review for possible downgrades were Bank of...
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Moody's Warns Over 100 European Banks of Possible Downgrades
Thursday, February 16, 2012 - 7:31am | 747Moody's Investors Service announced that it was placing more than 100 European financial institutions in 16 countries on review for possible downgrades. Reasons for the possible downgrades that were cited by Moody's included the Eurozone financial crisis, earlier downgrades of multiple Eurozone...
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French and German Economies Perform Better Than Expected
Wednesday, February 15, 2012 - 8:19am | 655For once there was good news coming out of Europe when France and Germany reported better than expected fourth quarter economic results. Although Germany's economy shrank by 0.2 percent, it was less than the 0.3 percent contraction that was widely expected. Germany also had its third quarter...
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Moody's Downgrades Multiple EU Countries, Warns UK and France
Tuesday, February 14, 2012 - 7:39am | 809Stock prices across Europe fell during early Tuesday trading after Moody's Investors Service downgraded the credit ratings of several European Union countries. Moody's downgraded the credit ratings of Italy, Malta, Portugal, Slovakia and Spain and gave each of them a negative outlook as well. The...
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How to Trade End of France and Belgium Short Selling Bans
Monday, February 13, 2012 - 4:42pm | 781France and Belgium have both lifted restrictions on the short selling of financial stocks that were put in place last year after several major European financial institutions saw their stock prices fall dramatically. Stock prices for French banking giants BNP Paribas, Credit Agricole and Societe...
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Moody's Downgrades Wind Telecomunicazioni To B1
Tuesday, December 13, 2011 - 8:15am | 24Moody's Investors Service downgraded Wind Telecomunicazioni SpA on Tuesday. Moody's downgraded Wind Telecomunicazioni from Ba3 to B1. The outlook on the rating is stable.
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Moody's Lowers Societe Generale's Long-Term Ratings To A1
Friday, December 9, 2011 - 6:10am | 27Moody's Investors Service lowered Societe Generale's (OTC: SCGLY) long-term ratings to “A1.” SCGLY shares dipped 10.19% to close at $4.85 yesterday.
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Moody's Warns That All EU Debt Is Risky
Monday, November 28, 2011 - 9:48am | 537Moody's Investors Service sounded the alarm early on Monday morning that the credit ratings of all members of the European Union were now at risk because of the financial crisis that has been escalating in Europe for more than a year. The ratings agency said that the financial crisis that has...
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Moody's Downgrades Corporate Family Rating Of Ontex
Friday, November 25, 2011 - 7:14am | 20Moody's Investors Service cut corporate family rating of Ontex from “B1” to “B2.” The outlook on the rating is stable.
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Moody's Downgrades Hungary's Rating
Friday, November 25, 2011 - 5:37am | 19Moody's Investors Service downgraded Hungary's government bond rating. Moody's lowered Hungary's government bond rating by one notch to “Ba1.”
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How to Profit From Second Threat to Downgrade France
Friday, October 21, 2011 - 7:36am | 865France was warned for the second time this week by a major credit rating agency that its valuable triple-A credit rating could be downgraded in the near future. Standard & Poor's was the latest credit rating agency to say that the eurozone's second biggest economy was in danger of being...