Worldwide News
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Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and revised its outlook on the U.K.’s and France’s top Aaa ratings to “negative,” citing Europe’s debt crisis.
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The yen rose against all of its major peers, while the euro weakened and U.S. equity futures retreated after Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal.
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Macquarie Group Ltd., Australia’s biggest investment bank, cut about 10 percent of its investment banking workforce in Asia last week, two people with knowledge of the departures said.
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Foreign banks in Japan may resume hiring this year to advise local clients taking advantage of the stronger yen to acquire companies abroad, while cutting jobs for other investment banking services, a recruitment firm said.
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