Portugal

Moody’s downgraded Portugal again, this time to Baa1 from A3. The credit rating agency also said the outlook for the nation’s financial prospects was negative. Moody’s might as well have cut...
The Wall Street Journal says that Portugal’s budget report for 2010 may be wrong. The paper writes that “The country’s statistics office has been reviewing its 2010 accounts after the EU’s...
Here is our latest installment of the Daily Austerity Watch, 24/7 Wall St.’s summary of the major news off efforts by governments to bring their fiscal houses in order.Portugal: Leave it to the...
Twitter  has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million...
Minority parties within the Portuguese government have rejected an austerity program proposed by Prime Minister Jose Socrates. He stepped down. As MarketWatch pointed out, the incentives for...
The head of Goldman Sachs Group (NYSE: GS) said that an ex-director leaked confidential information. (Reuters)The prime minister of Portugal stepped down as his austerity plan was rejected by...
Moody’s cut the sovereign paper of Portugal from A3 to A1 with a negative outlook. The reasons were too few. They included  a fear that the economy and productivity will not grow fast enough,...
The US federal government could shut down as House Republicans battle the Administration on budget deficit matters (Reuters)Riots in Libya moved oil higher and Asia markets lower. (Reuters)Air...
The international media is full of reports about the battle between France and Germany on one side and the balance of the eurozone nations on the other. Germany in particular wants the economically...
Standard & Poor’s reported that it had lowered its long-term sovereign credit ratings on Japan to ‘AA-‘ from ‘AA’. At the same time, S&P affirmed the ‘A-1+’short-term sovereign credit...
The spreads on what it costs to insure the sovereign debt of Spain and Portugal have continued to widen. The borrowing costs for each country are now at  levels which neither can probably sustain...
It may turn out that the great barrier to austerity and spending cuts in debt-ridden European nations may not be politicians. People who fear a cut in their standard of living are taking to the...
Hewlett-Packard (NYSE: HPQ) raised its earnings outlook for 2011.  (Reuters)J Crew Group (NYSE: JCG) is close to a $2.8 billion takeover by private equity interests. (Reuters)Oil fell to near $81 on...
There is a broad expectation that contagion will rise as Ireland is bailed out by EU nations and the IMF. Much like Greece, Ireland could not afford to finance its debt. Fears about default became...
The demand for GM stock may push the price per share of the IPO to $33. (Reuters)Rolls Royce began to build more engines to replace faulty ones on Airbus A380s. (Reuters)George Soros said that both...