US may face another downgrade in 6 to 24 months

Source: Bloomberg
If US government will not provide any plausible plan how to cut its deficit equal about USD 1 trillion, the country is likely to face another credit rating downgrade in 6 months to 2 years, depending on the results of presidential elections, said John Chambers, sovereign ratings managing director at Standard & Poor's. Chambers emphasized US need a medium term fiscal measures to reduce its debt.

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Thu, 09 Feb 2012 13:07:21 GMT

Daimler profit surged 39% in 4th quarter

German car producer Daimler AG, who manufactures Mercedes Benz trucks and cars, posted a 39% gain in 4th quarter profit, fuelled by its M-Class sport utility car sales. Daimler's EBITDA rose to EUR 2.18 billion compared to EUR 1.56 billion previous year. The figure almost match the EUR 2.17 billion forecast. Daimler AG today announced a dividend of EUR 2.20

Thu, 09 Feb 2012 11:34:01 GMT

US 30-year borrowing costs climb to 4-month high

Treasuries climbed higher on Wednesday as investors monitored developments in Greece. Borrowing costs on 10-year bills gave up 1 basis point, reaching 1.97% while those on 5-year bonds traded flat at 0.82%. Yields on 30-year notes dropped 1 basis point, attaining 3.14%, the highest since October 2011. 

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