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Gold breaks through $1,700 mark; oil slumpsGold 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. More… |
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US loses AAA rating; G7 ministers to meetThe 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 More… |
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US loses AAA credit rating from S&PThe 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 More… |
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US rating maintained by Moody's, FitchThe 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 More… |
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Brent slips after S&P warning on US ratingBrent 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 More… |
