Standard & Poor’s Downgrades France, 8 Other Countries

Ratings agency Standard & Poor's on Friday announced the downgrade status of seven countries including France, Austria, Italy and Spain. With France and Austria losing their triple-A status' analysts worry that the country will have a hard time ... continue

Supercommittee Fails to Cut $1.2 Trillion Deficit

Congress' supercommittee has failed in its bid to cut a government debt that stands at an eye-watering $15 trillion. With deep-running political divisions over spending and taxation, Republicans and Democrats failed to reach an agreement to cut $1.2 ... continue

Emerging Market Currencies Feel the Pinch as Euro-Zone Debt Crisis Takes Hold

Emerging market currencies are being hit hard by the jitters of global financial markets, with currencies and debt weakening in the face of an ongoing euro zone sovereign debt crisis. Concerns about the euro zone have resulted in ... continue