06 Aug '11, 11pm

Buffett says US downgrade 'doesn't make sense'

Buffett says US downgrade 'doesn't make sense'

WASHINGTON - Investing guru Warren Buffett criticised the Standard & Poor's downgrade of the long-term US credit rating, saying it 'doesn't make sense' and would have a limited impact on markets. --PHOTO: AP WASHINGTON - INVESTING guru Warren Buffett criticised the Standard & Poor's downgrade of the long-term US credit rating, saying it 'doesn't make sense' and would have a limited impact on markets. 'I don't get it,' the highly-respected founder and chairman of Berkshire Hathaway told Fox Business News late Friday, saying his Omaha, Nebraska-based company would hold onto its considerable trove of US Treasury bills. 'In Omaha, the US is still triple-A. In fact, if there were a quadruple-A rating, I'd give the US that,' he said, hours after the S&P cut the US credit rating from a sterling AAA to an AA+. Mr Buffett said his firm holds well over US$40 billion (S$48.7 billion)...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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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...

Impact of US downgrade uncertain, say analysts

Impact of US downgrade uncertain, say analysts

channelnewsasia.com 06 Aug '11, 6pm

WASHINGTON: Given the size of the US economy and the pre-eminent role of the dollar worldwide, the cut to Washington's cre...

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...

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...

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, ...

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, ...

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...

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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 ...

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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...

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

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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...

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

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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...