(Reuters) – S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization. The ratings agency said stable outlook reflects its view that until fiscal 2023, relatively large fiscal deficits will continue in ... More »
LONDON (Reuters) – Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world’s top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors. These discrepancies are roote... More »
CHICAGO (Reuters) – Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus. Those concerns... More »
LONDON (Reuters) – From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have been hammered by the European Central Bank’s renewed stimulus push. Offshor... More »
BEIJING (Reuters) – Many privately held firms in Shandong, China’s third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees and ill-managed investments, S&P Global Rat... More »
LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »
MILAN (Reuters) – Italy’s ruling parties could expose the nation to market shocks and put its savings at risk if they were not ready to compromise with the European Union over their budget plans, Prime Minister Giuseppe Conte told Corriere della Sera newspaper... More »
(Reuters) – Ratings agency S&P said on Friday it had raised Indonesia’s sovereign credit rating to ‘BBB’, citing the country’s strong economic growth prospects and supportive policy dynamics. S&P had previously rated Indonesia at ‘BBB-‘, the lowest investable ... More »
LONDON (Reuters) – Rating agency S&P Global expects the amount of bad loans on Turkish banks’ books to double over the next 12-18 months and their total credit losses to rise to as much as 2.5 percent from the recent average of 1.4 percent. In a new report pub... More »
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday. The German bank’s supervisory board met on Wednesday... More »
MUMBAI (Reuters) – More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA. Th... More »
FILE PHOTO: The Standard and Poor’s building in New York, August 2, 2011. REUTERS/Brendan McDermid SYDNEY (Reuters) – Ratings agency Standard and Poor’s weakened its risk assessment criteria to win business and turn out high ratings on opaque debt products tha... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, December 6, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – European stocks rallied to a week’s high on Friday as Britain and the European Union announced a ... More »
China's focus on the quality of its growth rather than on the pace of its expansion will boost productivity and reduce financial vulnerability, developments that would be positive for the country's ratings, Moody's Investors Service said. More »
Investors who lend billions of euros to Spain every year are struggling to sketch out the repercussions for the country's finances of a possible independence proclamation by the wealthy region of Catalonia. More »
The benefits of raising Japan's sales tax again outweigh the negatives, even if Prime Minister Shinzo Abe diverts some of the additional revenue to education and welfare, an official at ratings agency Moody's Investors Service said on Tuesday. More »
Ratings firm DBRS said Wednesday it was "very unlikely" its rating for Spain would be immediately damaged by the rich Catalonia region voting for independence in October's disputed referendum. More »
I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany. This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect. More »
Borrowers unwittingly charged for auto insurance when they took out car loans from Wells Fargo & Co asked a U.S. court on Friday to force the bank to help them repair their credit scores. More »
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. Qatar’s tensions with its neighbors are making world markets edgy about any hint of financial instability among the Gulf economies, who... More »
FILE PHOTO: A robotic arm fills a glass with Bavarian Weiss beer at the booth of German company Kuka at the world’s biggest industrial fair, “Hannover Fair”, in Hanover, Germany April 24, 2017. Germany has approved rules to make it easier to block the sale of ... More »
FILE PHOTO: Illinois Gov-elect Bruce Rauner speaks to the media after a meeting with U.S. President Barack Obama and other Governor-elects from seven U.S. states at the White House in Washington December 5, 2014. REUTERS/Larry Downing/File Photo Even if Illino... More »
The New York Stock Exchange is seen from the steps of Federal Hall behind a Statue of former U.S. President George Washington in New York City, U.S., May 17, 2017. REUTERS/Brendan McDermid Investors betting trillions on ethically-appealing stocks may not be ge... More »
French President Emmanuel Macron leaves the polling station after voting in the first of two rounds of parliamentary elections in Le Touquet, France, June 11, 2017. REUTERS/Christophe Petit Tesson/Pool Standard & Poor’s is likely to raise its growth forecasts ... More »
FILE PHOTO: The logo of credit rating agency Moody’s Investor Services is seen outside the office in Paris October 24, 2011. REUTERS/Philippe Wojazer/File Photo Hong Kong’s Court of Appeal found credit rating agency Moody’s broke the rules when it published a ... More »
A man walks past the U.S. Capitol building at sunset in Washington, U.S. May 17, 2017. REUTERS/Zach Gibson The U.S. Congress may be headed for a reckoning with the federal debt limit within weeks, thanks to wealthy Americans and corporations deferring tax paym... More »
Standard & Poor’s is likely to follow its regular ratings review schedule for China, and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday. More »
A.M. Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York-based insurer’s ability to meet its long-term debt obligations, which had unsettled some investors. More »
Baidu Inc chief scientist Andrew Ng said on Wednesday he will resign from the Chinese search engine company after three years of leading its drive into artificial intelligence (AI) and augmented reality (AR) projects. More »
Rose Tucker (L) and Matthew Salleh, directors of the documentary ‘Barbecue,’ pose for a portrait at Black’s Barbecue restaurant during the South by Southwest (SXSW) Music Film Interactive Festival 2017 in Austin, Texas, U.S., March 11, 2017. REUTERS/Brian Snyd... More »
Moody’s Investors Services said on Monday the United States will retain the rating agency’s top-notch debt rating as long as it meets its interest payments even if the government’s borrowing cap is reinstated on Thursday. More »
89th Academy Awards – Oscars Vanity Fair Party – Beverly Hills, California, U.S. – 27/02/17 – Floriana Lima and Best Actor winner Casey Affleck for Manchester By The Sea. REUTERS/Danny Moloshok ABC’s Sunday night broadcast of the Academy Awards hosted by comic... More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
Singer Jennifer Lopez speaks at the 59th Annual Grammy Awards in Los Angeles, California, U.S. , February 12, 2017. REUTERS/Lucy Nicholson CBS Corp’s airing of the 59th Annual Grammy Awards drew a 16.0 overnight rating on Sunday night, down slightly from last ... More »
FILE PHOTO: Turkish lira banknotes are seen in this photo illustration shot January 7, 2014. REUTERS/Murad Sezer/Illustration/File Photo Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to cre... More »
Ryan Gosling and Emma Stone pose with their awards for Best Performance by an Actor in a Motion Picture – Musical or Comedy and Best Performance by an Actress in a Motion Picture – Musical or Comedy for their roles in ‘La La Land’ during the 74th Annual Golden... More »
Australian Prime Minister Malcolm Turnbull attends a session during the B20 Summit ahead of G20 Summit, in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Aly Song Australia’s conservative government on Monday forecast a A$10 billion deterioratio... More »
People set off fireworks on a road leading to the Presidential Blue House during a protest calling for South Korean President Park Geun-hye to step down in central Seoul, South Korea, December 10, 2016. REUTERS/Kim Hong-Ji S&P Global Ratings said on Monday tha... More »
Ratings agency Moody’s said it would be positive for Deutsche Bank’s (DBKGn.DE) bondholders if the lender could settle U.S. allegations that it mis-sold mortgage-backed securities for around 2.75 billion euros, or $3.1 billion. More »
A cashier counts Indian rupee currency notes inside a bank in Mumbai August 5, 2013. REUTERS/Danish Siddiqui Eleven of India’s banks will likely be in danger of breaching capital triggers with the coming increases in minimum requirements under new global banki... More »
CAIRO An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in darkness en route to Abu Dhabi, its final destination, with... More »
LONDON Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance. The ‘Vote Leave’ campaign fron... More »
JOHANNESBURG Standard & Poor’s decision to maintain South Africa’s investment grade credit rating has taken some pressure off President Jacob Zuma ahead of elections in August, although analysts said the country is still vulnerable to a downgrade to “junk” sta... More »
HONG KONG Credit conditions for Asia-Pacific borrowers could become less favorable in the coming years, raising refinancing risk as weak commodities and slow growth take their toll against the backdrop of a strong dollar, rating agency Standard & Poor’s warned... More »
BOSTON U.S. ratings agency Standard & Poor’s warned on Friday it may cut the credit rating of billionaire investor Carl Icahn’s Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months. S&P placed its t... More »
BERLIN Volkswagen’s (VOWG_p.DE) supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, two sources said on Sunday. Europe’s bigges... More »
