debt reduction

S&P; cuts ArcelorMittal ratings to junk status


August 3rd, 2012 - 5:49 pm ICT by IANS
London, Aug 3 (IANS) Ratings agency Standard & Poor's Friday cut Lakshmi Mittal-led steel firm ArcelorMittal's ratings to junk, saying the slowdown in the global economy, especially in Europe, ... Read more...

Posted in Business |

Air France-KLM plans to cut costs to boost profitability


January 13th, 2012 - 3:32 pm ICT by IANS
Paris, Jan 13 (IANS) Air France-KLM Thursday unveiled a multi-billion-euro restructuring plan to bolster the group's profits by 2014. In a statement posted on its website, the Franco-Dutch joint venture ... Read more...

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Moody’s cuts Hungary’s rating with negative outlook


November 25th, 2011 - 1:27 pm ICT by IANS
New York, Nov 25 (IANS) Moody's Investors Service Thursday downgraded Hungary's government bond rating by one notch to Ba1 from Baa3, and is maintaining a negative outlook.Moody's said in its ... Read more...

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Top Republican Congressman confident of deficit deal


October 16th, 2011 - 11:39 pm ICT by IANS
Washington, Oct 16 (IANS) House Majority Leader Eric Cantor Sunday expressed confidence that a bipartisan congressional debt reduction panel could reach a deal before the Nov 23 deadline.The ... Read more...

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Defiant Obama seeks new taxes on wealthy to cut debt


September 20th, 2011 - 12:31 pm ICT by IANS
Washington, Sep 20 (IANS) Striking a confrontationist posture, President Barack Obama has proposed $1.5 trillion in new taxes for the wealthy to cut the national debt by $3.2 ... Read more...

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US calls S&P; downgrade ‘a facts-be-damned decision’


August 6th, 2011 - 8:21 pm ICT by IANS
Washington, Aug 6 (IANS) As Standard & Poor's move to downgrade the credit rating of the US sent shock waves through America, Obama administration officials called it "a facts-be-damned decision," ... Read more...

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For first time, US loses AAA credit rating


August 6th, 2011 - 9:45 am ICT by IANS
Washington, Aug 6 (IANS) For the first time in history, credit rating agency Standard & Poor's has downgraded America's top notch credit rating, stripping the world's largest economy of its ... Read more...

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Obama signs deal to avoid catastrophic US default (Lead)


August 3rd, 2011 - 3:34 am ICT by IANS
Washington, Aug 3 (IANS) Hours before the midnight deadline, US President Barack Obama signed into law a compromise plan to raise America's $14.3 trillion debt ceiling to avoid a ... Read more...

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US President gives a 36-hr ‘debt deficit’ deadline to the US Congress


July 18th, 2011 - 7:02 pm ICT by Aishwarya Bhatt
Washington, July 18 (THAINDIAN NEWS) US President Barack Obama issued a 36-hour deadline to the US Congress to come up with a deal that will prevent the country from defaulting on its ... Read more...

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Planning Commission okays Gujarat’s annual plan


June 24th, 2011 - 9:05 pm ICT by IANS
New Delhi, June 24 (IANS) The Planning Commission Friday okayed Rs.38,000 crore annual plan expenditure for Gujarat, focused on increased spending on infrastructure, education, health and social welfare programmes.The ... Read more...

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ArcelorMittal scotches rights issue rumours


March 17th, 2009 - 9:09 pm ICT by IANS
Luxembourg, March 17 (IANS) ArcelorMittal, the world's largest steelmaker, Tuesday denied a newspaper report that it was considering a five billion Euro ($6.5 billion) share sale. "The rumours mentioned within this article are ... Read more...

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