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More to U.S. oil than North Dakota, EIA says
PARIS, Jan. 16 (UPI) -- Credit rating agency Moody's Investors Service said France's AAA credit rating was safe for now, but it was still reviewing the country's finances.
Stock markets in Europe were stable Monday, although investors were still digesting Friday's news that Standard & Poors Inc. had downgraded France from its pristine AAA rating, Radio France Internationale reported.
The downgrade, especially if it is followed by downgrades at S&P or Fitch's, has the potential to jeopardize the President Nicolas Sarkozy's prospects for re-election.
A bond auction of short-term notes Monday was met with adequate demand. A more convincing test of investor confidence will come Thursday, when France attempts to auction up to $12 billion in bonds set to mature in two to 28 years.
Low demand will push yields higher, indicating low investor confidence and higher costs for the French government.
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MOSCOW, May 24 (UPI) --
Russia's decision to suspend its use of an Azerbaijani oil pipeline isn't the result of political tensions, Foreign Minister Sergei Lavrov says.
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MANILA, May 24 (UPI) --
The Philippines is determined to spend $1.8 billion on military upgrades -- mostly naval -- to protect the country against "bullies" in its territorial waters.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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