Sp Downgrade

Greece to vote on tough salary, pension cuts

The parliamentary vote comes a day after the Standard & Poor's ratings agency downgraded Greece's credit rating to "selective default" over a debt writedown deal with private creditors that is an integral part of the second bailout.

India might profit from US downgrade as haven for fleeing capital

'Volatility is back for a while but Chinese, Indian and Latin American equities are now more attractive investment destinations than those in the West.'

It's not Lehman again; but world will have to shuffle its money

Unlike 2008, when the world did not know what harm lurked beneath the Lehman crisis, this time we know what the problems are. But with the world's biggest Triple A economy downgraded, money managers have their work cut out.

Timothy Geithner: There was never any risk that the US would not meet its debt

US Treasury Secretary Timothy Geithner lashed out at S&P, stating that the move to downgrade the US shows a terrible lack of judgement.