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S&P affirms US AA+ rating, but raises outlook to stable

Standard & Poor's Ratings Services upgraded its outlook Monday, June 10, 2013, for the US government's long-term debt but affirmed its credit rating for the country at AA+.  AP PHOTO/HENNY RAY ABRAMS

Standard & Poor’s affirmed its credit rating for the United States at AA+ on Monday but raised its outlook for the rating from negative to stable.

Posted: June 11th, 2013 in Latest Business Stories | Read More »

Spaniards head to Latin America as crisis turns tide

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An elderly woman goes for a walk with her dog on a cold morning, in Pamplona, northern Spain on Sunday, Dec. 9, 2012. With Spain's jobless rate above 25 percent, and 52 percent among the under-24s, they are looking not only north within Europe, but south to countries such as booming Brazil or Venezuela to find work and start companies.  AP PHOTO/ALVARO BARRIENTOS

For years it was a source of labor: Latin America, from where Spain’s poor colonial cousins flocked to work on its booming building sites. A decade on, the trend has gone into reverse.

Posted: December 10th, 2012 in Latest Business Stories | Read More »

World Bank in talks to help Greece, Portugal

AFP FILE PHOTO

The World Bank is discussing providing technical assistance to struggling Greece and Portugal in a rare deployment of its resources to developed economies, a bank official said Monday.

Posted: November 6th, 2012 in Latest Business Stories | Read More »

G20 finance chiefs to tackle eurozone crisis

Greece's Prime Minister Antonis Samaras, right, and Germany's Chancellor Angela Merkel speak to each other after their statements to the media at the Maximos mansion in Athens, on Oct. 9, 2012. Finance ministers and central bank governors from the Group of 20 top economies will gather in Mexico City on Sunday, Nov.  4, 2012, as debt-riddled Greece continues to trouble Europe while Spain fights off pressure to seek a bailout.  AP PHOTO/THANASSIS STAVRAKIS, POOL

G20 finance chiefs begin Sunday two days of talks aimed at quelling fears of a global economic downturn amid a persistent eurozone debt crisis and a looming fiscal crunch in the United States.

Posted: November 4th, 2012 in Latest Business Stories | Read More »

IMF releases 1.5B euro loan tranche to Portugal

People shout slogans after setting a fire with banners and garbage outside the Portuguese parliament during a protest against the government's 2013 budget on Oct. 15, 2102, in Lisbon. The International Monetary Fund released Wednesday, Oct. 24, 2012, a 1.5 billion euro ($1.9 billion) loan installment to Portugal, after a review of its progress under a bailout program.  AP PHOTO/ FRANCISCO SECO

The International Monetary Fund released Wednesday a 1.5 billion euro ($1.9 billion) loan installment to Portugal, after a review of its progress under a bailout program.

Posted: October 25th, 2012 in Latest Business Stories | Read More »

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