Tim Geithner, the US Treasury secretary, shrugged off warnings from a leading ratings agency about the US public finances as he sought to reassure Wall Street he world's largest economy would be able to maintain its highly-prized AAA rating.
In a media blitz following the announcement by Standard & Poor's it had revised its outlook on the US from stable to negative, Geithner said there was "no risk" of a downgrade. MORE... The £7.7m pay package awarded to Royal Bank of Scotland's chief Stephen Hester has been approved by the UK government. MORE... News Corporation is in preliminary discussions with potential business partners, including the world's richest man, Carlos Slim, about entering a bid for Formula 1 motor racing. MORE...
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