Leaders of the BRICS bloc of states in Goa, India where they hatched the plan to launch a new credit rating agency.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
Will investors continue to give Trump a vote of confidence?
Richard Drew/AP Photo
A common Wall Street adage claims: 'As January goes, so goes the year.' What does that mean for investors as stocks look set to end President-elect Trump’s first month in office higher?
A trader in shock?
Research suggests their initial reaction may portend how they will perform in the coming months and even years.
In-out, in-out, shake it all about.
The credit-ratings agencies are already circling to cut the UK's grade if it votes to leave the EU. Here's how their calculations work, and what we should do about it.
Credit rating agencies often elicit criticism when they downgrade countries.
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can't avoid having a credit rating. And a good one at that.
The sour face means the Fed must be about to raise rates.
Whenever speculation grew louder that the Federal Reserve would lift its target interest rate this year, stocks took a dive. Here's why.
A relieved and re-elected Sam Brownback.
The 2014 midterm elections were full of surprises, mostly bad for the Democratic Party. Many Democratic candidates were defeated in races where the polls showed them with small but consistent leads. Chief…
Credit ratings agencies wield an enormous amount of social, economic and political power.
Evaluating the creditworthiness of countries is far from an exact science, yet the influence of credit ratings agencies is extraordinary. Recently, the UK government’s debt rating has been downgraded by…
Subprime ratings have come back to haunt Standard and Poor’s, which is now facing civil action from the US government.
Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
Demonstrators in front of Standard & Poor’s credit rating agency offices in Paris 15 January 2012.
For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…