Tag: financial

Italy Seeks Charges Against Rating Agencies for Downgrade of Italian Debt; Courts Go Nuts Again
November 13, 2012 0

Italy Seeks Charges Against Rating Agencies for Downgrade of Italian Debt; Courts Go Nuts Again

By News Desk

This month Italy seeks trials over credit downgrades Italian prosecutors have requested that five employees of Standard & Poor’s and two from Fitch be put on trial for alleged market manipulation connected to their downgrades of Italy’s credit rating. The prosecutors contend the accused violated EU rules by releasing the downgrades when European markets were open and by not alerting the Italian government 12 hours before the decisions, dating back to earlier this year and last year, were made public.

Corporate Bankruptcies Soar in Australia; Just a Start of What’s Coming
November 12, 2012 0

Corporate Bankruptcies Soar in Australia; Just a Start of What’s Coming

By News Desk

Corporate Bankruptcies Soar in Australia; Just a Start of What’s Coming Nearly every day I receive emails from "Brisbane Bear" regarding the sorry state of affairs in Australia. Here is another one to consider: Insolvencies for quarter near record high CORPORATE insolvencies hit their second-highest peak on record in the last quarter, as the aftershocks of the global financial crisis continued to flow through the market, The Weekend Australian’s Anthony Klan reports. According to the Australian Securities & Investments Commission, there were 2552 insolvencies in the three months to September, which was up 10 per cent on the previous quarter