News Stories June 10 2008

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Standard & Poor's President Deven Sharma said on Monday that the rating company's structured finance business may be lost for "years."

To make up for lost revenue, S&P will be looking for growth in emerging markets such as Asia, the Middle East, South Africa and Dubai, as well as new rating business in the loan market, he said at the Reuters Investment Outlook Summit in New York.
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Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.

Blue Chip Economic Indicators, a monthly newsletter, said 53.5 percent of the 48 private economists surveyed for its June issue do not believe the U.S. economy is in or will enter a recession in 2008, up from 40 percent in the May survey.
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