Latest Financial crisis News
Former Louisiana House speaker chosen as Gov.-elect Jeff Landry's chief budget adviser
BATON ROUGE, La. (AP) — Gov.-elect Jeff Landry named his top budget chief Wednesday, selecting former Louisiana House Speaker Taylor Barras, a Republican who frequently sparred with Democratic Gov. John Bel Edwards over financial issues. Barras will help draft the incoming...
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
NICOSIA, Cyprus (AP) — Cyprus on Saturday hailed a two-notch upgrade by credit ratings agency Moody’s to bring the east Mediterranean island nation back into investment-grade territory a decade after a financial crisis left the country on the brink of bankruptcy. President Nikos...
IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began
BEIRUT (AP) — Four years after Lebanon’s historic meltdown began, the small nation is still facing “enormous economic challenges,” with a collapsed banking sector, eroding public services, deteriorating infrastructure and worsening poverty, the International Monetary Fund warned Friday. ...
Greece hopes for investment boost after key credit rating upgrade
ATHENS, Greece (AP) — A major international agency on Friday upgraded Greece’s credit rating to investment grade, a move that is expected to boost investor confidence in the formerly bailout-dependent country. Despite a series of previous upgrades, Greece had until now failed to...
