Funds feel heat of coal and tar divestment drive

LONDON, May 24 (Reuters) - For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.

U.S. Credit Rating Affirmed by S&P With Stable Outlook

The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resiliency and diversity of the economy, almost three years after downgrading the nation for the first time amid political wrangling.

U.S. GDP revised down, but hints of economic thaw emerge

(Reuters) - The U.S. government slashed its estimate for fourth-quarter economic growth on Friday in the latest sign of a loss of momentum, but some tentative signs emerged that suggested the worst of the slowdown may be over.

Citigroup Favors Debt as Real Yield Lures Western: Korea Markets

The highest inflation-adjusted yield among Asia’s biggest economies is attracting Citigroup Inc. and Western Asset Management Co. to South Korea’s sovereign bonds.

Three horsemen of a weakened U.S. currency

SYDNEY (MarketWatch) — “The USA lived off credit for too long, inflated its financial sector massively and neglected its industrial base.” Such was the sobering assessment that German finance minister Wolfgang Schäuble gave the Wall Street Journal in November 2010.

Possible U.S., China trade dispute looms

HONG KONG – Strained trade relations between the world's largest economies will be further tested this year as the U.S. weighs anti-dumping duties on a range of Chinese products.