The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.
There is a less than one-in-three probability that the ranking will change in the next two years, the New York-based company said in a statement today. The outlook on the rating is stable.
(Reuters) – The euro was back in familiar territory against the dollar early on Friday, having staged a surprisingly strong rebound from a 2-1/2 month trough as investors booked profits on bearish positions ahead of the weekend.
The common currency stood at $1.3714 after closing nearly flat in New York. It had fallen as far as $1.3648 in response to data showing the euro zone grew much less than expected at the start of the year.
A public servant from the Australian Bureau of Statistics (ABS) and a National Australia Bank (NAB) employee have been arrested for insider trading and abuse of public office, with police alleging the pair used sensitive information to gain about $7m in profits.
The two men had known one another since university, the Australian Federal Police (AFP) said at a press conference in Canberra on Friday.