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Fitch downgrades JPMorgan Chase after $2B loss

Fitch downgrades JPMorgan Chase after $2B loss

NEW YORK, May 11 (UPI) -- Fitch Ratings Friday downgraded JPMorgan Chase, one day after the largest U.S. bank disclosed one of its units had lost $2 billion in trades.
Venezuela spending spree clouds future

Venezuela spending spree clouds future

CARACAS, Venezuela, May 3 (UPI) -- As Venezuelan President Hugo Chavez clings to power while battling cancer, the country's future is further clouded by unbridled government spending.

Fitch raises Ford's credit rating

DEARBORN, Mich., April 24 (UPI) -- Credit rating agency Fitch Ratings gave U.S. automaker Ford Motor Co. a boost Tuesday, raising its credit rating to BBB minus from BB+.

Germany OK's Greece deal amid downgrades

BERLIN, Feb. 27 (UPI) -- Greece and the European Financial Stability Facility both received credit downgrades Monday as Germany's parliament approved a rescue package for Greece.

Colombia energy oversupply bad for prices

BOGOTA, Feb. 14 (UPI) -- Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.

Gold up, dollar down

NEW YORK, Jan. 27 (UPI) -- Gold prices rose modestly in New York Friday as the dollar fell against the euro and the yen.

Fitch Ratings drops 5 scores in eurozone

MADRID, Jan. 27 (UPI) -- Fitch Ratings said Friday it has lowered the credit scores for five countries in Europe, all members of the eurozone.

Davos doubts center on EU, world economy

DAVOS, Switzerland, Jan. 27 (UPI) -- High-powered talks at the World Economic Forum in this scenic Swiss resort have failed to dispel anxieties and gloom over the future of global economy and immediate and pressing concerns in Europe over the fate of the EU and the eurozone.

S. America energy demand drives investment

RIO DE JANEIRO, Jan. 12 (UPI) -- Regional growth in energy demand is driving investment, including inward cash inflows in Latin America, a trend that is likely to continue this year.

2012 looks grim

PARIS, Dec. 19 (UPI) -- The global economy faces a depressing prospect after a spate of gloomy results for countries and corporations and a fear that the eurozone's debt crisis isn't being resolved.
MARTIN WALKER, UPI Editor Emeritus

France warned, Belgium downgraded

PARIS, Dec. 17 (UPI) -- The credit ratings of Belgium and France came under fire this week as plans to solve the European debt crisis failed to impress financial analysts.

Fitch downgrades issuer default ratings

NEW YORK, Dec. 15 (UPI) -- Fitch Ratings Thursday downgraded issuer default ratings and viability ratings at six banks in Europe and the United States.

Fitch takes dim view of U.S. deficit

NEW YORK, Nov. 28 (UPI) -- The congressional supercommittee's failure to come to grips with the federal debt led Fitch Ratings to put the U.S. credit rating on a negative outlook Monday.

Low growth, high debt spike Spain's credit

MADRID, Oct. 19 (UPI) -- Low growth prospects and high debt levels prompted Moody's Investors Service to drop Spain's credit rating two notches after it warned France of a possible cut.

Fitch downgrades Spain, Italy

MADRID, Oct. 7 (UPI) -- Fitch Ratings smacked Spain and Italy -- two of the eurozone's largest economies -- with downgrades of their debt Friday.
Fitch: U.S., China risks to Latin economies

Fitch: U.S., China risks to Latin economies

WASHINGTON, Oct. 5 (UPI) -- Latin America's booming economies are at risk from two feared events in global economy -- a double-dip slowdown in the United States and a hard landing for a buoyant Chinse economy, warns Fitch Ratings.

Fitch says U.S. credit rating is top shelf

NEW YORK, Aug. 16 (UPI) -- Fitch Ratings said the United States' credit rating would remain at the top ranking of AAA and said its outlook remained stable.

S. America enjoys credit ratings boom -- for now

RIO DE JANEIRO, Feb. 25 (UPI) -- South America is enjoying a boom in its global credit standing, amid a continuing freefall of banks' financial credentials in the Middle East, but there are warnings that this may be a bubble that can burst without notice.

Guatemala seen in better economic shape but security is worse

GUATEMALA CITY, Aug. 11 (UPI) -- Guatemala has emerged in a better shape from the shocks it received in the 2008 global economic downturn and is now set on a stable course toward recovery, expert reports on the country's financial outlook said.

Conn. credit rating downgraded

HARTFORD, Conn., June 5 (UPI) -- A Wall Street agency has downgraded Connecticut's bond rating in response to steps state officials took to close a $1 billion budget deficit, officials said.

N.Y. probe focus: Banks and credit rating

ALBANY, N.Y., May 13 (UPI) -- New York state has begun to investigate banks that secured strong ratings for securities that proved to be losing investments, sources told The New York Times.

The crisis deepens

ZURICH, Switzerland, Sept. 24 (UPI) -- Exposed European and Chinese banks could spread the U.S. financial crisis much wider as Congress hesitates over the $700 billion rescue plan.
MARTIN WALKER, UPI Editor Emeritus

Conn. AG sues major bond-rating firms

HARTFORD, Conn., July 30 (UPI) -- Connecticut Attorney General Richard Blumenthal Wednesday sued three bond-rating firms for allegedly costing taxpayers millions of dollars.

Moody's may cut debt obligations ratings

NEW YORK, July 11 (UPI) -- U.S. credit-rating firm Moody's Investors Service said Wednesday it might cut its ratings on parts of 91 collateralized-debt obligations worth $5 billion.

Italian bank merger may signal more deals

MILAN, Italy, Aug. 28 (UPI) -- Europe's biggest domestic banking merger in a decade may spark a wave of large-scale combinations in the eurozone.
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