Moody’s looks at the fraction of federal revenues dedicated to paying interest as a key metric for retaining a triple-A rating. In the Obama administration budget, “D-Day” is 2015, writes Douglas Holtz-Eakin
Mar 31
Chi-X Global, the equities trading platform, has secured a licence to operate in Australia, after a long campaign for permission to set up in the country
Mar 30
Financials led London lower after S&P cut Iceland’s credit rating and a Greek bond auction flopped, with the Footsie suffering its biggest decline in more than a month
