06 Aug '11, 6pm

Impact of US downgrade uncertain, say analysts

Impact of US downgrade uncertain, say analysts

WASHINGTON: Given the size of the US economy and the pre-eminent role of the dollar worldwide, the cut to Washington's credit rating ought to spill over throughout the global economy. But for the same reason - that the dollar and US debt are so widely held and relied on in finance and trade - many analysts think the impact will not be too heavy, at least in the short run. Standard & Poor's cut the US top-rank triple-A rating down a notch, to AA+, for the first time ever on Friday, technically signalling that the country's reliability for paying its debts had decreased. S&P rejected Washington's efforts to demonstrate it had embarked on a clear path to slash the country's deficit and reduce its debt load. The debt burden topped $14.6 trillion this week, 100 percent of GDP, virtually the same ratio as Italy, whose debt has been dumped in markets over rising default fears. Me...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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Taiwan sees 'no impact' from US debt downgrade: TAIPEI - The deputy governor of Taiwan's central bank sought to

Taiwan sees 'no impact' from US debt downgrade:...

asiaone.com 07 Aug '11, 1am

TAIPEI - The deputy governor of Taiwan's central bank sought to play down worries over the US debt downgrade on Saturday, ...

Taiwan sees 'no impact' from US debt downgrade

straitstimes.com 06 Aug '11, 9am

TAIPEI - THE deputy governor of Taiwan's central bank sought to play down worries over the US debt downgrade on Saturday, ...

World digests US rating downgrade

World digests US rating downgrade

channelnewsasia.com 06 Aug '11, 4pm

WASHINGTON: The United States and the world struggled on Saturday to come to grips with the first-ever US credit rating do...

Buffett says US downgrade 'doesn't make sense'

Buffett says US downgrade 'doesn't make sense'

straitstimes.com 06 Aug '11, 11pm

WASHINGTON - Investing guru Warren Buffett criticised the Standard & Poor's downgrade of the long-term US credit rating, s...

India says US downgrade situation \\"grave\\"

India says US downgrade situation \\"grave\\"

channelnewsasia.com 06 Aug '11, 11am

NEW DELHI: The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a "grave" si...

India calls US downgrade 'grave': NEW DELHI - THE loss by the United States of its top-rank AAA credit rating f...

India calls US downgrade 'grave': NEW DELHI - T...

straitstimes.com 06 Aug '11, 11am

The loss by the United States of its top-rank AAA credit rating from Standard & Poor's has created a 'grave' situation, In...

S&P defends US downgrade as criticism mounts

channelnewsasia.com 07 Aug '11, 2am

WASHINGTON: Standard & Poor's stuck to its guns Saturday after a withering attack on its math skills and historical accura...

US govt official on S&P's downgrade of US credi...

todayonline.com 08 Aug '11, 4am

WASHINGTON - The day after Standard & Poor's took the unprecedented step of stripping the US government of its top credit ...

US downgrade 'sounds alarm bell': China state m...

straitstimes.com 07 Aug '11, 10am

BEIJING - STANDARD & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspa...

France total confidence in US despite #ratings downgrade

France total confidence in US despite #ratings ...

straitstimes.com 06 Aug '11, 11am

France has 'total confidence' in the solidity of the US economy, Economy Minister Francois Baroin told AFP, the first Euro...

Singapore may be affected by US rating cut: Economists

Singapore may be affected by US rating cut: Eco...

straitstimes.com 07 Aug '11, 12am

An ABC News ticker in New York's Times Square announcing the bad news about the credit rating downgrade for the United Sta...

Taiwan keeps wary eye on US downgrade: report: TAIPEI - Taiwan, one of biggest foreign holders of US debt, on Su...

Taiwan keeps wary eye on US downgrade: report: ...

asiaone.com 08 Aug '11, 1am

TAIPEI - Taiwan, one of biggest foreign holders of US debt, on Sunday was keeping a close eye on developments after the US...

US loses Triple-AAA rating for first time

channelnewsasia.com 06 Aug '11, 1am

WASHINGTON: Standard & Poor's cut the US credit rating for the first time in history Friday, saying the country's politici...

Welcome to Mongolia: What the S&P Downgrade Means for Emergi... via @justmeans

Welcome to Mongolia: What the S&P Downgrade Mea...

justmeans.com 07 Aug '11, 4am

"Nothing may change overnight, but the downgrade may eventually lead to stronger currencies and more fund flows for emergi...

US loses Triple-AAA rating for first time - Yah...

sg.finance.yahoo.com 06 Aug '11, 1am

On Saturday 6 August 2011, 8:40 SGT The United States' credit rating was cut for the first time ever Friday when Standard ...