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World stocks fall ahead of EU summit

World markets fell Monday on concerns that Greece’s financial problems will not be solved by a tentative deal to cancel part of its debt, while European leaders met to find ways to revive the region’s ailing economy. The leaders meeting in Brussels will likely focus on how to stimulate economic growth and create jobs at… Continue Reading World stocks fall ahead of EU summit

EU plans crackdown on rating agencies

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The European Union said Tuesday it wants to allow investors to sue credit rating agencies for compensation if they break EU regulations “intentionally or with gross negligence.” The proposal from the European Commission, the EU’s executive, is part of a new set of rules for credit rating agencies, which have found themselves under attack during… Continue Reading EU plans crackdown on rating agencies

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