Search Results for: Fitch
U.S.-UK alliance seen outweighing Brexit trade concerns
June 28th, 2016
The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries’ close diplomatic and military ...
China Stops Trying To Fool The World; World Is Sorry
May 10th, 2016
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, oil, copper, etc., and giving the global economy a patina ...
Asian Stocks Sink to Four-Week Low as Yen Gains; Aussie Slides
May 6th, 2016
Australian bonds surge as RBA cuts inflation forecast Oil near $44, poised for first weekly decline in a month Asian stocks dropped, set for the biggest weekly loss since February, and the yen rose before key American jobs data ...
Vladimir Putin Starts His Own Ratings Firm
March 18th, 2016
Moody’s, Fitch forced to stop national ratings under new rules Kremlin had condemned barrage of downgrades as political Vladimir Putin’s homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three ...
Gold edged higher on Thursday
March 3rd, 2016
Gold still in vogue as fund flows counter risk appetite revival * Gold has risen 17 pct this year, not far below 1-year peak * Market eyeing Friday’s U.S. nonfarm payrolls Gold edged higher on Thursday as strong inflows ...
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
March 2nd, 2016
Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. The Moody’s downgrade comes just days before the National People’s ...
Spate of broker licences sparks hope in UAE
February 24th, 2016
The distribution of new broker licences in the United Arab Emirates (UAE) in the first few weeks of 2016 has raised hopes the industry regulator is poised to further open up the market. The Insurance Authority (IA) has licensed ...
QNB Group enters into definitive agreement with National Bank of Greece to acquire its 99.81% stake in Finansbank – Turkey
December 22nd, 2015
QNB Group, the largest financial institution in Qatar and the Middle East and North Africa Region, announces that it has entered into a definitive agreement with National Bank of Greece for the acquisition of its entire stake comprising 99.81% ...
Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People
December 10th, 2015
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening and ECB/BoJ/BoC easing. This widening gap is a perfect storm ...
Investors Keep Pulling Cash Out of Turkey
December 8th, 2015
Foreign investors withdrew $7.6 billion from stocks, bonds Capital Economics sees lira, bonds extending declines Foreign investors look set to keep pulling their money out of Turkey after dumping a record amount of stocks and bonds this year. Investors from ...
