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  • Rural India slowdown threatens hopes for better days Wednesday, 14 Jan 2015 | 6:37 PM ET
    A supporter takes a picture of a map of India made of flowers with a picture of BJP leader Narendra Modi on it at the party's headquarters.

    Slowdown in rural India goes against Indian PM Narendra Modi's promise of "better days" - new jobs and development to lift Indians out of poverty.

  • Venezuelan and Algerian officials have this year initiated talks over production levels between Russia and producers group OPEC, but officials in Moscow have said the country, in which around 40 percent of output is in private hands, would find it technically tough to cut. Yet Maduro's move is supported by some in OPEC such as Iran and Venezuela, who want output...

  • Maduro's call is supported by OPEC price bulls, such as Iran and Venezuela, who want output cuts from OPEC but can contribute little themselves. Gulf OPEC sources have said Saudi might consider cutting production if non- OPEC members, such as Russia, joined. Russia agreed to symbolic output cuts in tandem with OPEC during the 2001 price collapse, but never followed...

  • Jan 13- Moody's Investors Service cut its rating on Venezuela by two notches to the agency's third lowest on Tuesday, citing a high risk of the country defaulting on its debt due to lower oil prices. The rating agency also forecast that Venezuela's estimated current account surplus of more than 2 percent of gross domestic product in 2014 would likely shift to a...

  • Default risk leads to Moody's Venezuela downgrade Tuesday, 13 Jan 2015 | 9:35 AM ET
    People line up to pay inside a Makro supermarket in Caracas, Venezuela, Jan. 9, 2015.

    Moody's lowered Venezuela's rating from Caa3 to Caa1 on Monday as the country's default risk rises on plummeting oil prices.

  • Jan 13- Moody's Investors Service cut its rating on Venezuela to Caa3 from Caa1, saying there was high risk of the country defaulting on its debt due to lower oil prices. The rating agency raised the outlook to "stable" from "negative", with the view that even if the oil prices drop further, the losses to bondholders would be consistent with the current Caa3 rating.

  • WASHINGTON, Jan 12- The economies of almost all U.S. counties grew by leaps and bounds last year, yet few returned to the health they reached before the 2007-09 recession, a report released on Monday shows. Unemployment declined in nearly all of the country's 3,069 counties in 2014, according to the National Association of Counties, but not enough to hit the lows...

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • HONG KONG, Jan 8- Moody's Investors Service began an appeal on Thursday against a decision by Hong Kong's markets watchdog to fine the ratings agency $3 million for a report that raised concerns about corporate governance at some Chinese companies. The case before the Hong Kong's Securities and Futures Appeals Tribunal comes amid growing investor scrutiny...

  • JAKARTA, Jan 7- The announcement came without fanfare, in line with Indonesian President Joko Widodo's style, but his decision to let petrol prices float freely is the most significant move to stabilise Southeast Asia's largest economy in years and shows his resolve to promote reform. "It took some guts," said economist Wellian Wiranto at OCBC in Singapore.

  • China developer Kaisa fails to repay $51M loan Thursday, 1 Jan 2015 | 11:30 PM ET
    At a property trade fair in Beijing, China

    Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.

  • S&P deal on mortgage bond ratings near: Report Friday, 26 Dec 2014 | 6:52 AM ET

    Standard & Poor's Ratings Services is nearing a settlement with regulators over how the company graded real-estate bonds.

  • S&P nears settlement on real-estate bond ratings - WSJ Thursday, 25 Dec 2014 | 10:34 PM ET

    Dec 25- Standard& Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter. The proposed deal, which could be reached as early as next month, is a joint settlement with the Securities and Exchange Commission, New...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • "The negative pressures facing most providers are widespread," said Martin Arrick, services analyst with Standard& Poor's Ratings. Moody's Investors Service anticipated another 12 to 18 months of weak performance, with large hospital systems faring better from economies of scale and the ability to drive revenue growth through expanded services.

  • Dec 12- Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, the third-biggest rating agency behind...

  • *Abe has shifted debate from fiscal tightening to stimulus. TOKYO, Dec 12- Prime Minister Shinzo Abe is signalling that retooling Japan's economy with painful structural reforms must take a back seat to reviving growth, even though he is poised to win a big referendum on his economic policies in an election on Sunday. Maintaining government spending and massive...

  • Did RBA’s Stevens break the central banker code? Thursday, 11 Dec 2014 | 9:08 PM ET

    The Australian central bank's top dog may have broken central bankers' seemingly unshakable code of avoiding comments on where interest rates are headed.

  • *Bahrain, Oman by far the most vulnerable. That trend is now reversing as Brent crude, at $65 a barrel against $115 in June, drops below levels which most GCC members need to balance their state budgets. The spread between Bahrain's dollar sovereign bond due March 2020 and Qatar's January 2020 sovereign climbed to 148 basis points this week from 95 bps in June.