Arab Today, arab today rating firms rattle european finances
Last Updated : GMT 18:42:37
Arab Today, arab today
Arab Today, arab today

Rating firms rattle European finances

Arab Today, arab today

Arab Today, arab today Rating firms rattle European finances

Madrid - UPI

The cost of government borrowing in Spain soared after a major credit rating firm, Moody\'s, cut ratings on 16 Spanish banks, statistics show. Moody\'s cut the ratings citing the government\'s inability to come to the banks\' rescue, if that would be needed. The banks also faced \"adverse operating conditions,\" the rating service said. The Daily Telegraph reported Friday that yields on benchmark 10-year government bonds in Madrid rose to 6.21 percent, while government borrowing costs fell in Germany and the United States. British debt was deluged with demand at a $2.6 billion bond auction, the newspaper said. The flight to safer bonds came as investor service Fitch cut Greece\'s credit rating from B minus, which is already in junk status, to CCC with \"heightened risk that [it] may not be able to sustain membership of the monetary union,\" Fitch said. Stock markets in Europe turned lower on the news, with the FTSE 100 index in London hitting a six-month low at 5,338 points, the Telegraph said. Markets were also lower in Germany and France. In New York, markets traded on narrow margins, with the Dow Jones industrial average and the Nasdaq composite index both off less than 0.05 percent and the Standard & Poor\'s 500 up less than 0.2 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rating firms rattle european finances Arab Today, arab today rating firms rattle european finances

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rating firms rattle european finances Arab Today, arab today rating firms rattle european finances

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday