Rupee ends at 57.12 after slipping to 57.33 against a dollar (Lead)
June 22nd, 2012 - 7:11 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 to a dollar for ... Read more...
Posted in Business |
Rupee in free fall, slips below 57 against dollar
June 22nd, 2012 - 2:37 pm ICT by IANS
Mumbai, June 22 (IANS) The Indian rupee hit a record low for the second consecutive day Friday and slumped below the psychological resistance level of 57 against a dollar for ... Read more...
Posted in Business |
Rupee slumps to record low of 56.57 against dollar (Lead)
June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...
Posted in Business |
Fitch downgrades India’s rating to ‘negative’
June 18th, 2012 - 8:41 pm ICT by IANS
Chennai, June 18 (IANS) Credit rating agency Fitch Ratings Monday revised downward India's outlook to "negative" from "stable" owing to corruption and inadequate reforms.It, however, affirmed the country's long term ... Read more...
Posted in Business |
Fitch downgrades 18 Spanish banks
June 12th, 2012 - 11:24 pm ICT by IANS
New York, June 12 (IANS) Ratings agency Fitch cut another 18 Spanish banks' long-term credit ratings Tuesday.The cut comes just one day after Fitch downgraded the country's two biggest banks, ... Read more...
Posted in Business |
India pitches for ratings upgrade from Fitch
May 17th, 2012 - 9:04 pm ICT by IANS
New Delhi, May 17 (IANS) The Indian government Thursday asked Fitch to upgrade the country's sovereign ratings, claiming that current account and fiscal deficit were under control and flow ... Read more...
Posted in Business |
Moody’s downgrades LIC, outlook stable
May 14th, 2012 - 5:50 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Investors Service Monday downgraded the state-run Life Insurance Corporation of India (LIC) to the lowest investment grade, in line with the ... Read more...
Posted in Business |
Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank
May 14th, 2012 - 5:17 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over ... Read more...
Posted in Uncategorized |
Moody’s may downgrade India’s three top private lenders
April 30th, 2012 - 3:23 pm ICT by IANS
Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis ... Read more...
Posted in Business |
ICRA cautious about rating updates on India
April 26th, 2012 - 7:20 pm ICT by IANS
Kolkata, April 26 (IANS) Credit rating company ICRA Thursday said it is cautious on rating updates on Indian economy and companies but would not give a "panic reaction"."We are certainly ... Read more...
Posted in Uncategorized |
Sensex ends in red; power, realty, auto stocks fall (Lead)
April 26th, 2012 - 5:59 pm ICT by IANS
Mumbai, April 26 (IANS) Indian equities markets benchmark indices witnessed choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to "negative" from "stable" on ... Read more...
Posted in Uncategorized |
Choppy trading at Indian equities after outlook downgrade
April 26th, 2012 - 2:40 pm ICT by IANS
Mumbai, April 26 (IANS) Indian equities market was witnessing choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to negative from stable on India's ... Read more...
Posted in Business |
S&P; lowers outlook on SBI, ICICI and HDFC Bank
April 25th, 2012 - 9:18 pm ICT by IANS
Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank ... Read more...
Posted in Business |
BJP blames ‘government mismanagement’ for economic rating cut
April 25th, 2012 - 7:15 pm ICT by IANS
New Delhi, April 25 (IANS) With ratings agency Standard & Poor's (S&P;) lowering its outlook on India to negative from stable, the main opposition Bharatiya Janata Party (BJP) Wednesday ... Read more...
Posted in Politics |
S&P; cuts India’s outlook, warns of ratings downgrade (Lead)
April 25th, 2012 - 4:55 pm ICT by IANS
Mumbai/New Delhi, April 25 (IANS) Ratings agency Standard & Poor's Wednesday lowered its outlook on India to negative from stable, and warned of a ratings downgrade citing deteriorating economic ... Read more...
Posted in Business |
No need to panic on S&P; negative outlook: Mukherjee
April 25th, 2012 - 4:43 pm ICT by IANS
New Delhi, April 25 (IANS) The government is concerned about ratings agency Standard & Poor's (S&P;) lowering India's credit rating outlook but there is no need to panic, said ... Read more...
Posted in Business |
S&P; lowers India’s outlook to negative
April 25th, 2012 - 3:25 pm ICT by IANS
Mumbai, April 25 (IANS) Ratings agency Standard & Poor's Wednesday lowered its outlook on India to negative from stable, and warned of a ratings downgrade citing deteriorating economic indicators and ... Read more...
Posted in Business |
Indian markets sluggish, ape Asian peers
February 14th, 2012 - 3:17 pm ICT by IANS
Mumbai, Feb 14 (IANS) Indian equities markets were subdued Tuesday afternoon with a benchmark index caught in a volatile but tight trading range. Other Asian bourses too reported dull ... Read more...
Posted in Business |
Wall Street mixed amid European concern (Lead)
January 12th, 2012 - 7:00 am ICT by IANS
New York, Jan 12 (IANS) US stocks closed mixed Wednesday as concerns about the European debt crisis kept pressuring the market, but upbeat US economic situation came as a relief.The ... Read more...
Posted in Business |
Ratings agencies wary of EU summit impact on debt
December 13th, 2011 - 1:43 pm ICT by IANS
New York, Dec 13 (IANS) Three major ratings agencies said Monday that last week's EU summit was not enough to ease pressure on eurozone sovereign debt since no decisive initiatives ... Read more...
Posted in Business |
Moody’s to discuss India’s sovereign ratings
November 13th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 13 (IANS) Global credit rating agency Moody's is scheduled to discuss India's sovereign ratings with the country's economic policy makers here Monday, just a few days ... Read more...
Posted in Business |
Moody’s to now review India’s sovereign ratings
November 12th, 2011 - 4:32 pm ICT by IANS
New Delhi, Nov 12 (IANS) After lowering the outlook for India's banking industry, credit rating agency Moody's is likely to review the country's sovereign ratings Tuesday, amid a slowdown in ... Read more...
Posted in Business |
Fitch maintains Brazil’s investment rating at BBB
October 26th, 2011 - 1:50 pm ICT by IANS
Rio De Janeiro, Oct 26 (IANS) Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the South American country would ... Read more...
Posted in Uncategorized |
S&P; warns US of further downgrade
August 8th, 2011 - 9:51 am ICT by IANS
Washington, Aug 8 (IANS) Two days after its historic downgrade of America's top notch AAA credit rating, a top executive of Standard & Poor's warned that continued political gridlock in ... Read more...
Posted in Business |
US loses AAA credit rating, terms it ‘a facts-be-damned decision’ (Lead)
August 6th, 2011 - 8:46 pm ICT by IANS
Washington, Aug 6 (IANS) Sending shock waves through America, credit rating agency Standard & Poor's has downgraded its top notch credit rating, stripping the world's largest economy of its prized ... Read more...
Posted in Business |
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...
Posted in Business |
Concern over US protectionism in Asia
January 17th, 2010 - 11:44 am ICT by IANS
By Bill Smith and Peter Janssen
Bangkok/Beijing, Jan 17 (DPA) US President Barack Obama and Secretary of State Hillary Clinton made much last year of the new administration's return to Asia and ... Read more...
Posted in Business |
Standard and Poor’s sees no hit on India’s rating
November 28th, 2008 - 12:26 pm ICT by IANS
Mumbai, Nov 28 (IANS) Global ratings agency Standard and Poor's does not see any hit on India's sovereign ratings because of the Mumbai terror attacks, but said this outlook depended on such ... Read more...
Posted in Business |
Indian economy riskier, but rating stable: Moody’s
August 4th, 2008 - 9:00 pm ICT by IANS
New Delhi, Aug 4 (IANS) Higher oil prices and insufficient government response may make the Indian economy riskier, but it will not affect its ratings, international rating agency Moody's said Monday. “While ... Read more...
Posted in Business |
South-East Asian currencies start to slide
June 14th, 2008 - 11:40 am ICT by IANS
DPA
Bangkok, June 14 (DPA) When inflation goes up, currencies tend to come down, economists say. That rule of thumb has proved true in South-East Asia this month which has seen inflation across ... Read more...
Posted in Business |
Benazirs assassination may lower Pakistans sovereign ratings
December 29th, 2007 - 12:29 pm ICT by admin
Singapore, Dec 29 (ANI): The sovereign credit ratings on Pakistan (foreign currency B+/Negative/B; local currency BB/Negative/B) could be lowered, if the assassination of former premier Benazir Bhutto precipitates heightened levels of violence ... Read more...
Posted in South Asia |