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Tag Archives: Standard & Poor’s

Argentina In Critical Situation

07-Jul-09

Argentina has found themselves in a critical situation. The country has been warned by Standard & Poor’s (S&P) to cut spending or risk experiencing a budget deficit for the first time in seven years. According to an S&P economist, “the overall situation looks weaker and the economy is decelerating“. Spending grew eleven times as fast [...]

Financial News Summary – May 22, 2009

22-May-09

- British Airways Posts Record Loss – BankUnited FSB Collapses in Biggest US Bank Failure for 2009 – Standard & Poor’s Cuts UK’s Rating Outlook to Negative from stable – Hormel Foods Corp Second Quarter Profit Beats Estimates – Taiwan’s Economy Contracts by Record 10.2% in Q01 2009