Wednesday 30 July 2014
US rating

Gold breaks through $1,700 mark; oil slumps

Gold rose to all-time high above $1,715 per ounce extending its bull run as a safe haven asset and investors sold off other commodities from oil to grains after the US loss of its prized AAA credit rating stoked fears about economic growth.


US loses AAA rating; G7 ministers to meet

The US lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the euro zone debt crisis forced Italy to speed up an austerity drive. In a sign of how concerned world leaders are about a s


US loses AAA credit rating from S&P

The US lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term US credit rating by one notch to AA-plus on concerns about


US rating maintained by Moody's, Fitch

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain. Moody's Investors Service and Fitch Rat


Brent slips after S&P warning on US rating

Brent crude slipped on Friday after Standard & Poor's warned it may lower the credit rating of top consumer the United States, capping a volatile week marked by concern about the country's deficit and the euro zone's debt. Investors tu

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