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SectionsDeseret NewsU.S. & World U.S. & WorldFrance lashes out at S&P's 'shocking' error By And some analysts said the accident may have tipped the actual thinking at the ratings agency. "I can't remember a situation where an agency released a rating movement in error, and MORE FROM REUTERS Sponsored Content From Around the Web Promoted by Taboola Trending Stories Sponsored Topics X Follow Reuters: Follow Us On Twitter Follow Us On Facebook RSS Follow Us On Stocks Gain, With Boost From Banks Wells Fargo Details Fallout at Branches Deutsche Bank’s Top Investor, Qatar, Expresses Concern Tax Report The Tax Breaks Available to Donald Trump—And You Bonds Backed

Top News U.S. Researchers at Chalmers University of Technology have developed ... and most European markets were open before it was corrected by the agency — spooking investors by foreshadowing an event that would rock the 17-nation eurozone. Vodafone Egypt and Etisalat request Egypt 4G licences - regulator CAIRO Vodafone Egypt and Etisalat have requested fourth-generation mobile phone service licences in Egypt, an official at the telecom regulator said

Germany and the European Commission also bristled Friday, warning ratings agencies to act responsibly and underscoring European unease over the power they wield over governments. Asia Europe India América Latina Brasil 中国 (China) 日本 (Japan) Text Size: Small Medium Large Subscribe NowSign In WSJ Membership Benefits Download WSJ Apps Customer Center Legal Policies Subscribe Sign In Download WSJ Apps for iOS and Android Corporate Subscriptions Professor Journal Student Journal Customer Service Customer Center Live Help Redesign Guided Tour Notice to Subscribers Tools & Features Emails & Alerts Skip to navigation Skip to content Subscribe to the FT Sign In Subscribe Menu Search Financial Times myFT Search the FT Search Close Home World Sections World Home World Economy UK

Army H-60M Black Hawk 1 day ago STRATFORD, Conn., Oct. 14 (UPI) -- Sikorsky delivered the 1,000th H-60M Black Hawk helicopter to the U.S. Paris time (4:40 p.m. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. Finance Minister Kikis Kazamias accused the agencies of fanning the flames of the crisis. "Ratings agencies are part of our problem," Kazamias said. "Projections are being made in the spirit of

It's still not clear how a new upstart would be able to change the conversation dominated by the big three. "This incident is serious and it shows that in the current S&P said it "has taken immediate steps to prevent a similar error from happening again." Explore further: Bogus ratings of mortgage-related securities show conflicts of interest by credit rating agencies 0 More oil pending from Angola 1 day ago MILAN, Italy, Oct. 14 (UPI) -- Italian energy company Eni said it was one step closer to its goal of pulling more oil Learn more about Thomson Reuters products: Eikon Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface Elektron Everything you need to empower your

It said that in December 2010, it had placed its Banking Industry Country Risk Assessment (BICRA) for France on the company's main Global Credit Portal. It also left many investors wondering whether it could be a sign that some negative rating action was in the works for France."How does that type of thing happen?" David Ader, The rise of such yields is at the heart of Europe's debt crisis: The increase of those interest rates in Ireland, Portugal and Greece — because investors considered them increasingly bad Magazine Speakeasy Podcast Life Sections Careers Cars Food & Drink Health Ideas Real Estate Science Sports Style & Fashion Travel Blogs Expat Off Duty Daily The Daily Fix More Life Video

phys.org Nanotechnology All Nanotechnology Bio & Medicine Nanomaterials Nanophysics Physics All Physics Condensed Matter General Physics Optics & Photonics Plasma Physics Quantum Physics Soft Matter Superconductivity Earth All Earth Earth Sciences Along the way, Sarkozy has laid out yearly targets for reducing France's deficit — each one tied to a growth projection. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. In any event, it certainly raises a flag."French bonds were hammered on Thursday.

The yield, or interest rate that France pays to borrow money for 10 years, rose 0.21 percentage points since Thursday morning, closing at 3.37 percent Friday, the highest rate since early REUTERS/Brendan McDermid By Huw Jones and Chris Vellacott | LONDON LONDON Europe's markets watchdog censured credit ratings agency Standard & Poor's MHFI.N on Tuesday for incorrectly announcing a cut in France's Vodafone Egypt and Etisalat request Egypt 4G licences - regulator CAIRO Vodafone Egypt and Etisalat have requested fourth-generation mobile phone service licences in Egypt, an official at the telecom regulator said Coast Guard Rescue 21 contract 1 day ago SCOTTSDALE, Ariz., Oct. 14 (UPI) -- General Dynamics Mission Systems has been awarded a $125 million U.S.

Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading France Is Up In Arms About S&P's 'Shocking' Error France Is Up In Arms About S&P's 'Shocking' Error Oops. The French market regulator immediately opened an investigation into the mistake at Baroin's behest, and the minister also called for a European probe. Just the hint that France's debt could be downgraded reveals how fragile the European bailout system is. U.S.

Home Technology Other November 11, 2011 S&P: Year-old web change caused France rating error November 11, 2011 A picture taken on November 1, shows the reflection of a man walking past city since the start of the year. It is based in Washington, D.C., and Boca Raton, Fla. For a moment, it seemed as if the crisis was again worsening in its one step forward, two steps back way.

That poses a bigger problem because its economy and debts dwarf the other three and Europe doesn't have enough money to fully bail Italy out. View tips Feedback Support Open in app Open in app Help Centre About Us Legal & Privacy Terms & Conditions Privacy Cookies Copyright Services Conferences & Events Individual Subscriptions Group Subscriptions All Rights Reserved. Financial Times Close International Edition UK Edition Search the FT Search Top sections Home Show more World links World World Economy UK US China Africa Asia Pacific Emerging Markets Europe Latin

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Sign In Sign in with your Facebook or Google+ account Not a member? A Spanish version of the site reaches millions of readers in Latin America and beyond. The European internal markets commissioner, Michel Barnier, who has been working on new regulation of the agencies, said Europe should reduce its reliance on the agencies and increase competition — an Taurus Systems delivers KEPD 350K missiles to South Korea 1 day ago WASHINGTON, Oct. 14 (UPI) -- Taurus Systems, a joint MBDA-Saab Dynamics venture, has delivered the first lot of KEPD

Dubbing the S&P mistake "serious", the EU's internal markets commissioner Michel Barnier said Friday that the incident underlined "that in the current tense and volatile market situation, market players must exercise Along the way, Sarkozy has laid out yearly targets for reducing France's deficit — each one tied to a growth projection. All rights reserved. On Thursday, the European Commission said it considered France's growth forecast for 2013 too high — and Baroin shot back that Paris has already set aside a reserve fund for that

And often the suggestion of something amiss is nearly as bad as having something amiss. All credit ratings not created equal September 15, 2011 At least one of the "Big Three" credit ratings agencies exaggerated credit scores of private debt compared to public bonds during the The accident came just as Greece and Italy seemed to be getting on the right track by establishing new interim governments led by financial experts who might guide them out of Although the three largest agencies have a stable outlook on the country, Moody's has recently said it could revise that outlook to negative by early next year if the costs for

Subscribe Now Sign In Reveal Navigation Options Home World Regions Africa Asia Canada China Europe Latin America Middle East Blogs Brussels Real Time China Real Time India Real Time Sections Economy Baroin and Budget Minister Valerie Pecresse say they remain on course to reduce France's public deficit to three percent of GDP by 2013 and to balance the budget by 2016. All Rights Reserved. Financial Times Close International Edition UK Edition Search the FT Search Top sections Home Show more World links World World Economy UK US China Africa Asia Pacific Emerging Markets Europe Latin

It was not clear how many clients saw the message."If recipients had clicked on the link in the alert, they would have seen that France's rating was unchanged," S&P's spokesman Martin Dallas Cowboys: Prediction, preview, pick to win Typhoon Sarika intensifies as it threatens landfall in the Philippines Alabama vs. Although S&P denied it was investigating France's credit rating, some market analysts were unconvinced, saying it is unlikely an error naming France would be sent out if S&P were not actually As European officials called for a crackdown on the behavior and power of ratings agencies, S&P explained Thursday's emailed downgrade announcement as an accident related to a test adjustment left on

UPI also provides insightful reports on key topics of geopolitical importance, including energy and security. RFI World Play Listen to RFI News Expand Player Replay Deneuve dedicates Lumière achievement award to farmers Listen Download Podcast RFI English News flash 04h00 - 04h10 GMT Mon-Fri It's still not clear how a new upstart would be able to change the conversation dominated by the big three. "This incident is serious and it shows that in the current The French market regulator immediately opened an investigation into the mistake at Baroin's behest, and the minister also called for a European probe.