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S&P downgrades Venezuela over default risk

published about 3 hours ago
S&P downgrades Venezuela over default risk
Caracas (AFP) - Ratings agency Standard & Poor's lowered Venezuela's credit rating Tuesday one notch to CCC+, saying "continued economic deterioration" put it at risk of a debt default in the next two years.

Survey finds skepticism about trade's benefits

published about 4 hours ago
WASHINGTON (AP) — Americans, Japanese and many Europeans aren't sold on the benefits of trade. They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows.

Ahead Of Alibaba: The Chinese Economy

published about 6 hours ago
Ahead Of Alibaba: The Chinese Economy
Alibaba Group Holdings plans to price one of the largest initial public offerings ever this Thursday (September 18th, 2014) on the New York Stock Exchange.  The IPO could raise over $25 billion dollars for Alibaba, its investors and founders.  Alibaba is at its very essence a Chinese company, run by a Chinese management team, with Chinese customers, and the overwhelming majority of its revenue coming from business in China.  To really understand the prospects of Alibaba, understanding the nuances of ... more

India and China look to put knotty relations on new footing

published about 6 hours ago
India and China look to put knotty relations on new footing
By Rupam Jain Nair AHMEDABAD India (Reuters) - The electricity board in this Indian city has been instructed to avoid any power cuts and officials have been told to have their shoes polished and their shirts tucked in: Nothing has been left to chance for this week's visit by Chinese President Xi Jinping. India's new prime minister, Narendra Modi, is determined to build closer relations with the world's second-largest economy, whose leader comes with pledges to invest billions of dollars ... more

U.S. Senate confirms two new members for nuclear regulator

published about 8 hours ago
WASHINGTON (Reuters) - The U.S. Senate on Monday approved the nominations of Jeffery Baran and Stephen Burns to fill vacancies on the five-member Nuclear Regulatory Commission. Baran currently serves as the Democratic staff director for energy and environment with the House Energy and Commerce Committee. Burns, a former general counsel for the nuclear regulator, is currently the head of legal affairs at the Organization for Economic Cooperation and Development’s Nuclear Energy Agency in Paris. (Reporting by Ros Krasny; Editing by ... more