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Business 24 Mar 2011 | 12:00 AM

Portugal PM quits amid debt crisis, bailout looms

LISBON, Portugal (AP) - Portugal's prime minister quit Wednesday after opposition parties overwhelmingly rejected his last-ditch round of austerity measures aimed at preventing the eurozone's weakest economy from plunging into chaos.

Business 22 Mar 2011 | 12:00 AM

Moody's: Cyprus' proposed bank fund is too small

NICOSIA, Cyprus: Moody's said Monday the proposed bank stability fund in Cyprus is too small to protect the island's banking system if it runs into trouble.

Business 17 Mar 2011 | 12:00 AM

Moody’s downgrade of debt rating hasty

LISBON: Moody's downgrade of Portugal's debt rating was 'hasty' and failed to take into account the full impact of the decisions to be approved at a European summit later this month, Treasury Secretary Carlos Pina was quoted as saying yesterday.

Business 16 Mar 2011 | 12:00 AM

Moody's debt downgrade adds to Portugal's woes

LISBON, Portugal: Moody's downgraded Portugal's credit rating Tuesday, saying the debt-stressed country is struggling to generate growth and faces a tough battle to restore the fiscal health needed to calm jittery financial markets.

Business 08 Mar 2011 | 12:00 AM

Greece slams rating agencies after Moody's cut

LONDON: Greece launched a tirade against U.S. credit ratings agencies Monday after Moody's downgraded its debt grade further below junk status, warning the bailed-out euro country might have to default on its massive borrowings.

Business 14 Jan 2011 | 12:00 AM

Moody's warns US, Europe countries on rising costs

NEW YORK: Moody's is warning the U.S., France, Germany and the United Kingdom that they need to better control the rising costs of pensions and health care subsidies.

Business 09 Oct 2010 | 12:00 AM

Moody’s looking at China credit upgrade

BEIJING: Moody's Investors Service rewarded China yesterday for its response to the global financial crisis by placing the government's bond rating on review for a possible upgrade.

Business 15 Sep 2010 | 12:00 AM

Billionaire Warren Buffett's company sells 1.35mil more Moody's shares

OMAHA, Nebraska: Billionaire Warren Buffett's company has unloaded another 1.35 million shares of credit ratings firm Moody's Corp., but Berkshire Hathaway Inc. still controls 12.6 percent of Moody's stock.

Business 01 Sep 2010 | 12:00 AM

SEC says it lacked authority to charge Moody's

WASHINGTON: The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis.

Business 12 Jun 2010 | 12:00 AM

European banks can withstand bond fall, says Moody’s

PARIS: European banks are strong enough to withstand any sharp losses on their holdings of government debt issued by Greece, Portugal, Spain and Ireland, Moody's said yesterday.