On FT Alphaville this morning,
- S&P has been tweaking its risk assumptions again. Stand by for another ratings meltdown in structured finance.
- Moody’s, meanwhile, has given us a glimpse of their internal pr workings – but why the sugar-coating?
- The equity sell-off’s gone global. Asian markets moved sharply down in concert on Wednesday as fears of a US recession grew. The FTSE wasn’t far behind.
- And the really bad news is that the yen’s again on the up
- Martin Wolf wades into the debate on bankers’ pay
On FT.com,
- Rio upped the ante in its fight with BHP Billiton, predicting stronger growth after posting record production last year in several important commodities.
- Woolworths is another retailer to have had a bad Christmas
-Mitt Romney burst back into contention for the Republican presidential nomination on Tuesday with a comeback victory over John McCain in the Michigan primary.
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