Standard & Poor's

Qantas said Thursday it would accelerate Aus$650 million (US$675 million) in debt repayments and buy back shares worth Aus$100 million in a bid to shore up its ailing stock and boost confidence.

Panasonic said Wednesday it may cut 8,000 jobs as part of a corporate overhaul aimed at shoring up its bleeding balance sheet, after suffering a credit rating downgrade this month.

Moody's downgraded Sony's credit rating for the second time in a month on Friday, the latest blow to Japan's electronics sector where embattled Sharp has seen its own credit rating slashed to junk.

US stocks sank Thursday in the second day of losses after President Barack Obama's re-election victory, trimming another one percent after Wednesday's huge rout.

US stocks sank Thursday in the second day of losses after President Barack Obama's re-election victory, trimming another one percent after Wednesday's huge rout.

India's cabinet approved plans Thursday to sell off 10 percent of state-owned Hindustan Aeronautics Limited, a part-privatisation to help raise funds and slash its ballooning fiscal deficit.

US stocks fell Thursday in the second day of losses after President Barack Obama's re-election victory, though the red ink was light after Wednesday's huge 2.4 percent rout.

US stocks edged higher in opening trade Thursday, a day after greeting President Barack Obama's re-election with a massive plunge.

The ratings agency Standard & Poor's boosted Nigeria's credit score on Wednesday, citing savings from a costly fuel subsidy scheme and improved spending forecasts in sub-Saharan Africa's second-biggest economy.

An Australian firm that won a landmark case against Standard & Poor's over financial products that collapsed ahead of the global economic crisis said on Wednesday it would take its fight to Europe.

Democrats were projected to hold onto the Senate and Republicans were to retain the House of Representatives, raising the likely prospect of more partisan gridlock in a divided US Congress.

Democrats looked set to hold onto the Senate and Republicans retained the House of Representatives on Tuesday, setting up the prospect of more partisan gridlock in a divided Congress.

An Australian firm that won a landmark case against Standard & Poor's over financial products that collapsed ahead of the global economic crisis said it would take its fight to Europe.

While eyes were focused on the race for the White House on Tuesday, the battle for control of the nation's two chambers of Congress is vital to hopes of easing Washington's partisan political gridlock.

Standard & Poor's lost a landmark case in Australia over top-flight ratings given to financial products that collapsed in the build-up to the 2008 global economic crisis.

Singapore Airlines (SIA) said Friday its first-half net profit fell 30 percent from last year, and warned the outlook was bleak as the eurozone debt crisis dents global business confidence.

Japan's Sharp was dealt another blow Friday as Fitch slashed its credit rating to junk after the embattled electronics giant warned of a massive annual loss, and expressed doubts about its own survival.

Standard & Poor's downgraded Panasonic's credit rating on Friday, the second time in a year, after the struggling Japanese electronics giant warned of a mammoth $9.6 billion annual loss.

Damage from the deadly superstorm that blasted the US East Coast and shut down New York City could hit $50 billion, economists said Thursday, but the impact on the broader economy will be minor.

Embattled Japanese electronics maker Sharp will book a record $5.6 billion annual net loss, reports said Thursday, a day after rival Panasonic warned of a mammoth $9.6 billion loss for its fiscal year.