Read
- Taxes on some wealthy French top 100 pct of income: paper
- North Korea fires short-range missiles for two days in a row
|
- Israel warns against Russian arms supply to Syria
- Winning ticket for $590.5 million Powerball lottery sold in Florida
|
- Toyota plans to increase lithium-ion car battery output-Nikkei
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Ethiopia's salt trails
For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin. Slideshow
Sponsored Links
Nokia shrugs off S&P downgrade, says has enough cash
Nokia phones are displayed in a shop in Riga July 18, 2012.
Credit: Reuters/Ints Kalnins
HELSINKI |
HELSINKI (Reuters) - Finnish mobile phone maker Nokia shrugged off Standard & Poor's downgrade of its credit rating, saying it had sufficient liquidity and was conserving cash.
S&P cut Nokia's rating to BB- with a negative outlook, saying its second-quarter results and outlook for the third quarter were weaker than expected.
(Reporting by Helsinki Newsroom; Editing by Helen Massy-Beresford)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters