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Why Union Budget 2013 will be the most austere in years
FM P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 percent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. #P. Chidambaram #Budget2013 #CAD #Austere #Sovereign credit rating
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Bans on short-selling serve no purpose; so hug your shorts
A US study reveals that banning short-selling does not arrest price declines, but may in fact worsen the fall. #ChartView #Short selling #US sovereign credit rating
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Now, SBI, ICICI and 9 financial institutions face S&P ire
The outlook revision follows a similar action on the sovereign credit rating on India. #Credit rating #Standard & Poor's AB #NewsTracker #IDBI Bank #Sovereign credit
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RediffIndia deserves upgrade in sovereign rating: Chidambaram
India deserves a rating upgrade in view of improvement in macro-economic situation, the conservative outlook of Standard & Poor's notwithstanding, Finance Minister P Chidambaram said. "Our case is that we deserve an upgrade both on the outlook #India #Palaniappan Chidambaram #Standard & Poor's
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Economic TimesRating agencies alert to Argentina debt ruling
Argentina's dismal credit ratings might get a boost if U.S. courts rule in the country's favor in a long-running dispute with creditors over a 2002 default, but souring economic conditions could hold the ratings back, credit analysts said. Argentina is s #Latin America #Moody's #Fitch Ratings
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Russia TodayJPMorgan wins contract from Russian government to boost its credit rating
Beating out a number of other investment banks, JP Morgan will consult Russia in its effort to boost the country’s sovereign credit ratings. Deputy Finance Minister Sergey Storchak said JP Morgan will act as a liaison between the Ministry of Finance and #Igor Shuvalov #Moody's #Goldman Sachs