President Donald Trump phoned the head of Boeing ahead of the company's announcement on Monday that it was halting production of the 737 Max, a person familiar with the matter said Thursday. Meanwhile, the company was hit by two downgrades to its debt rating, including ...
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era. Remember that? It was back in the 1980s, when newspaper headlines ...
Already downgraded, Nissan's credit rating takes another hit
Nissan Motor Co.'s credit standing took another hit Monday as S&P Global Ratings placed the automaker's rating on negative watch after it issued a weaker profit outlook last week. There is a more than 1-in-3 chance of a further delay in Nissan's profit recovery, according ...
U.S. stocks sank in a broad sell-off on Monday, with the S&P 500 dropping more than 1.5 percent and technology firms bearing the brunt of an escalating trade dispute between the United States and other leading economies. The U.S. Treasury Department was drafting curbs that ...
Ratings agencies downgrade U.K.'s credit score following 'seminal' Brexit vote
Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union will hurt its economy. Standard & Poor's stripped Britain of its last remaining top-notch credit rating, ...
Japan index compilers rush to please BOJ and excite normal investors
A man walks into a tailor, orders a custom-made suit and then says he's bound by his own rules to only buy half of it. Sell the rest to someone else, he says. That, essentially, is the conundrum facing S&P Dow Jones Indices, except that ...
Standard & Poor's has cut the nation's long-term credit rating one level to A+, saying it sees little chance of the government's current strategy accelerating growth and inflation over the next few years. The downgrade, announced Wednesday, came just a day after the Bank of ...
U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent rally lost steam, and the trend of modest moves and low volume continued heading into the final trading day of the year. Despite the modest move lower, the ...
S&P doubts Abe will have detailed fiscal consolidation plan
Standard & Poor's has cast doubt on Prime Minister Shinzo Abe's ability to repair Japan's tattered finances less than two weeks away from a snap election, after Moody's downgraded the country's sovereign debt rating. Abe's decision to delay a sales tax increase by 18 months ...
U.S. stocks dropped more than 1 percent on Monday, with the S&P 500 closing below a key technical support level, as declines in energy and airline shares led a late-day selloff. The S&P energy sector lost 2.9 percent, extending recent losses. It is down 7.6 ...
