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S&P downgrades Ireland

Standard & Poor’s has downgraded the Irish Republic to its lowest sovereign rating in 15 years.

S&P has cut the rating one step from AA to AA-, its lowest since 1995, having cited the fact that costs continued to rise as the country looked to boost its troubled banking sector.

The ratings agency believes the Irish government may now spend a total of £74bn propping up the sector. It says a further downgrade would be forthcoming it these costs continued to rise or the recovery slows.


Personality test

s anyone who has ever tried to produce a column or any kind of story for a newspaper or a magazine will tell you, it isn’t easy writing to length. Most of us have a tendency to overwrite or underwrite and there are no prizes which one of those two I’m guilty of. The only […]

Bernanke says America will avoid double dip

Chairman of the Federal Reserve Ben Bernanke expects the American economy to expand in the second half of 2010 and to continue growing into 2011. Addressing global central bankers in Jackson Hole, Wyoming, he said that incoming data suggests the recovery of output and employment in America has slowed in recent months. In the last […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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