Worldwide News
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UBS AG, Credit Suisse Group AG and Morgan Stanley’s ratings may be lowered by as many as three levels by Moody’s Investors Service, which is reviewing banks and securities firms with global capital markets operations.
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Europe’s creditor countries struggled to bridge divisions over a rescue of Greece, seeking more control over how future aid is spent as the clock ticked toward a possible default next month.
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Asian stocks fell while the euro weakened against the dollar and yen as a delay in the second bailout for Greece revived concern Europe will struggle to contain its debt crisis.
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Australia added the most workers in 14 months in January and the unemployment rate unexpectedly declined, sending the currency higher as investors increased bets the central bank will extend an interest-rate pause.
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