The surprise move by the ratings agency will fuel fears of contagion in the eurozone.
BBC: Italy's sovereign debt rating cut by S&P on growth fear
Gold prices had been trading near steady levels before the surprise move by the central banks.
FORBES: Comex Gold Gets Boost From Coordinated Central Bank Move to Boost Liquidity
Council tax has been cut by 2% in a surprise move by Lancashire County Council.
In somewhat of a surprise move, Canada yesterday blocked Petronas in its bid for Progress Energy.
FORBES: In Surprise Move, Canada Rejects Petronas Bid For Progress Energy
But in a surprise move, party insiders selected Islip Town Clerk Joan Johnson to carry the GOP banner.
CNN: Stuart Rothenberg: Spotlight congressional races of the week
The yellow metal was boosted off its daily low after a surprise move by China to lower its interest rates.
FORBES: Comex Gold Weaker but Up from Daily Low After China Rate Cut; Bernanke Awaited
It was a surprise move, with many people expecting the dollar to weaken to BRL1.50 before any new measures were announced.
This surprise move by China is a bullish factor for most raw commodity markets, as China is a major raw commodity consumer.
FORBES: Comex Gold Weaker but Up from Daily Low After China Rate Cut; Bernanke Awaited
In a surprise move, Pfizer announced that its top lawyer, JeffreyKindlerJeffrey Kindler, would replace Henry "Hank"McKinnellHenry "Hank" McKinnell as chief executive officer.
In a surprise move, China Mobile chose Lumia 920T, a phone based on Microsoft (MSFT) Windows Phone 8 over iPhone 5.
In a surprise move, President Obama sought to quell the fear still swirling around the arrest of Harvard professor Henry Louis Gates, Jr.
President Boris Yelstin's surprise move to sack his entire government could leave him in drastically weakened at home and abroad, according to experts.
He will be up against last year's winner, Flagship Uberalles, who was snapped up by leading owner JP McManus in a surprise move.
The Bank of England's Monetary Policy Committee cut the Bank rate by half a percentage point to 4.5% in a surprise move last Wednesday.
In a surprise move yesterday, House lawmakers in Massachusetts voted overwhelmingly to strip public workers of their collective bargaining rights over healthcare decisions.
FORBES: Out of Left Field: Massachusetts House Votes to End Collective Bargaining for Public Workers
Worse, the CEO's surprise move adds an extra element of turmoil to a management team that has been blasted by shareholders for underperforming and lacking focus.
The market place is still digesting the surprise move by major countries to release a small portion of their strategic oil reserves onto the world market.
FORBES: Comex Gold, Silver Weaker on Follow-Through Selling Pressure from Strong Losses Thursday
After Thailand's surprise move, the baht lost up to 20% of its value against the U.S. dollar, settling at 29.10 baht to the greenback July 8.
The market place is digesting the surprise move last week by major countries to release a small portion of their strategic oil reserves onto the world market.
In a surprise move on Saturday, the airline locked out its staff and stopped all flights in an attempt to end months of strike action by workers.
Government sources say there will be no hasty reaction to Mr Trimble's surprise move, not least because the announcement coincided with the Northern Ireland Secretary John Reid's wedding.
In a surprise move, Shire Pharmaceuticals has ended its bid for FDA approval for its Replagal biologic for treating Fabry disease, a rare, but life-threatening genetic disorder.
But in a surprise move, Hector Sants, the current head of the FSA, will be made a deputy governor at the central bank and handed the new supervisory role.
In a surprise move, U.S. District Judge George Howard also allowed Julie Hiatt Steele to be called as a witness, as the defense tried to bolster their charge of prosecutorial mistreatment.
The U.S. decision to withdraw comes following a surprise move late Wednesday in which the chair of the conference called a voice vote on controversial proposal that encourages governments to help expand global Internet access.
Bank of Canada head Mark Carney will succeed Mervyn King as governor July 1 in a surprise move for the Bank of England, at a time when the U.K. is facing difficult economic times.
FORBES: Bank Of England Looks Outside After Libor Scandal, Taps Canada's Carney
Then in a surprise move in August CNPC snatched from under the noses of the favored U.S. giants the rights to negotiate with the Kazak government the rehabilitation and exploitation of Uzen field near the Caspian coast.
The surprise move came just six months after the Scouts drew a line in the sand to underscore the ban on gay scouts and troop leaders, which the organization had gone to the Supreme Court to defend.
The market place is still digesting the surprise move by the U.S. Federal Reserve to proclaim that U.S. interest rates will remain very low for at least the next two years and admitting the U.S. economy is sputtering again.
FORBES: Comex Gold Sharply Higher amid Bullish "Outside Market" Forces Wednesday
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