Moody's downgrades Illinois one notch
New York - UPI
Moody's Investors Service said it reduced the credit rating for Illinois from A1 to A2, citing troubles with its pension plan. Moody's noted Illinois, although it raised state income tax rates and business tax rates last year by 67 percent and 30 percent, respectively, took no steps to correct problems with its pension plan, the Financial Times reported Saturday. A rating of A2 keeps Illinois in the upper medium investment range but will still make it more costly for the state to borrow. Its pension plan has a budget deficit that is officially listed as $86 billion. However, some estimates put the pension liability at $200 billion for both state and local government.
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Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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