Tag: JPMorgan Chase & Co

• Wednesday, October 31st 2012 - 04:44 UTC

  S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

  

  Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.

• Thursday, October 25th 2012 - 06:39 UTC

  US sues Bank of America for mortgage fraud; ex Goldman & Sachs, two years in jail

  

  Bank of America is being sued for 1bn dollars for alleged mortgage fraud. The civil lawsuit has been brought by the US Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York.

• Monday, July 16th 2012 - 23:55 UTC

  Drought stretching across US threatens economies of farming states and food prices

  

  A worst-in-a-generation drought from stretching across the United States is damaging crops and rural economies and threatening to drive food prices to record levels. Agriculture, though a small part (1.2%) of the 15.5 trillion dollars US economy, had been one of the most resilient industries in the past three years as the country struggled to recover from the recession.

• Tuesday, October 4th 2011 - 20:29 UTC

  JP Morgan Chase forecast slower growth and lower interest rates in Brazil

  

  JPMorgan Chase & Co. cut its forecast for Brazil’s economic growth and said it expects the central bank to cut interest rates more than it previously expected as global financial turmoil weighs on confidence in Latin America’s biggest economy.

• Thursday, September 15th 2011 - 20:52 UTC

  JPMorgan lowers Latin America’s growth estimate for 2012 to 3.5%

  

  US bank JPMorgan lowered Latin America’s growth estimate for 2012 from 3.9% to 3.5% mainly because of the impact of the slower EU and US economies, even when the Latam reduction is less than in other regions of the world.

• Wednesday, February 9th 2011 - 19:59 UTC

  Uruguay solid candidate for “investment grade” rating says JP Morgan

  

  Uruguay is considered a solid candidate to obtain “investment grade” given its strong economic fundamentals and these same factors make the country’s bonds issued in indexed units, UI, an attractive investment, according to a report from the investment bank JP Morgan published in the Montevideo press.

• Saturday, April 24th 2010 - 08:08 UTC

  Brazil to Sell Bonds in Global Markets Given Lowest Borrowing Costs Since 2007

  

  Brazil plans to sell bonds in international markets in coming weeks, taking advantage of the lowest borrowing costs since October 2007, Treasury Secretary Arno Augustin said.