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Moody’s

Italy’s Renzi resigns, hints at early election

ROME: Matteo Renzi bowed out as Italian prime minister with a combination of jokes, regrets and a strong hint that he wants to lead his party into an early election battle. Political consultations on forming a caretaker government were set to begin Thursday at 6 pm, after Renzi formally submitted his resignation to President Sergio Mattarella following a crushing referendum defeat. Before handing back the keys to his Palazzo Chigi residence, the 41-year-old chaired a meeting of the executive of his Democratic Party…

Moody's probed by US

NEW YORK: US authorities are investigating the credit rating agency Moody's over its glowing assessments of mortgage deals in the runup to the 2008 financial crisis, The Wall Street Journal reported Sunday.