Tag Archives: Fitch

Fitch eyes South Africa downgrade; Perils of please-all economics; Counting the world’s wealthy

1 Fitch eyes South Africa downgrade (BBC) Credit ratings agency Fitch has warned South Africa that its credit rating may be lowered following a five-month platinum strike in the country. Fitch was followed by Standard & Poor who also downgraded … Continue reading

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Cyprus is fifth eurozone country to seek bailout; Downgrade for 28 Spanish banks; Americans watch 10bn video ads a month; Indian Muslims with ties to Israel

1 Cyprus is fifth eurozone country to seek bailout (The Guardian) Cyprus has become the fifth eurozone country to seek outside financial help to shore up its ailing economy after a day of heavy selling on financial markets prompted by … Continue reading

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New forces driving world economic order; Fitch hints at US downgrade; India Dalits fight caste with capitalism; Facebook dreams of being a blue chip

1 The Guardian on new forces driving world economic order – one in which ‘rich’ countries run deficits and ‘poor’ countries accumulate assets. A new economic order is taking shape before our eyes, and it is one that includes accelerated … Continue reading

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IMF fears 1930s-like slump; Banks are eurozone’s faultline; Rule of law and Arab Spring; Ugliness in Indian psyche; Holy grail of Higgs hunters

1 The Guardian on the likelihood of a 1930s-like slump. The world risks sliding into a 1930s-style slump unless countries settle their differences and work together to tackle Europe’s deepening debt crisis, the head of the International Monetary Fund has … Continue reading

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Euro crisis tightens global credit; UK on the brink of double-dip R; Jap youth seek life in the slow lane; India compared to EU

1 The New York Times on the euro crisis leading to a tightening of credit across the globe. Europe’s worsening sovereign debt crisis has spread beyond its banks and the spillover now threatens businesses on the continent and around the … Continue reading

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