Standard and Poors
S&P launches Middle East stock indexPosted by RJ and Makay on Dec 07, 2011 |
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Standard and Poor’s (S&P) Indices announced Monday that it will launch, in partnership with the Arab Federation of Exchanges, an index comprised of 40 companies in the Middle East. The S&P AFE 40 will include companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
U.S. dealing with S&P downgradePosted by RJ and Makay on Aug 08, 2011 |
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Following weeks of speculation, Standard & Poors (S&P) downgraded on Friday the credit rating of the United States by one level, to AA+ from AAA. S&P explained the decision as a judgment about the nation’s leaders, saying that “the gulf between the political parties” had reduced its confidence in the government’s ability to manage its finances. In addition to the downgrade, S&P’s outlook on the country’s short and long-term ratings was negative, indicating a further downgrade to AA was possible.
Strong M&A activity in first half of 2011Posted by RJ and Makay on Jun 13, 2011 |
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Merger and acquisition value increased 39% in the first half of 2011, continuing the trend of strong M&A activity in 2010, according to PricewaterhouseCoopers. Large deals drove much of the increase with corporations accounting for 82% of deal volume and 84% of deal value from a total of 1046 transactions worth $384 billion.
Epicurus (Greek philosopher, BC 341-270)
