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Moody's: Amount of defaulted debt rises in Asia; US default rate remains benign

Mar 04, 2015 15:07 pm UTC| Research & Analysis

The number of Moodys-rated corporate issuers that defaulted declined in 2014, although the amount of defaulted debt was up compared to 2013, according to Moodys Investors Service in the report "Corporate Default and...

Moody's: Stronger US dollar is credit negative for US multinationals

Mar 04, 2015 14:10 pm UTC| Research & Analysis

The strong US dollar is modestly credit negative for US-based multinational corporations, according to a new cross-industry report from Moodys Investors Service. Large exporters in particular will face a choice between...

Moody's: Global bank debt issuance levels off in 2014 after four-year period of decline

Mar 04, 2015 13:19 pm UTC| Research & Analysis

The four-year decline in issuance of unsecured debt by banks, thrifts and securities firms leveled off in 2014, says Moodys Investors Service in a new report. "Global Bank Debt - 2014 Issuance Trends" analyzes trends in...

Moody's: Chinese national oil companies feel limited impact from natural gas price adjustment

Mar 04, 2015 01:46 am UTC| Research & Analysis

Moodys Investors Service says Chinas three national oil companies (NOCs) will feel little negative impact from the recent wholesale price adjustment for gas, because the price reduction will only moderately offset the...

Moody's: The rise of shadow banking continues as direct lending is set for strong growth in 2015

Mar 03, 2015 17:29 pm UTC| Research & Analysis

Direct lending is set to become an established asset class in Europe, with robust growth estimates over the next 12 months, says Moodys Investors Service. In a report summarising the views of keynote speakers and panelists...

Fitch: Italy Mortgage Guarantee Scheme Unlikely to Spur Lending

Mar 03, 2015 12:16 pm UTC| Research & Analysis

The Italian governments new scheme to guarantee mortgages to specific types of borrower is unlikely to have a major impact on new lending volumes, Fitch Ratings says. It reduces the credit risk (and hence the capital...

Fitch: Oil Trading Houses To Benefit From Volatility In 2015

Mar 03, 2015 11:56 am UTC| Research & Analysis

Trading houses such as Glencore, Vitol and Trafigura are likely to report healthy earnings in 2015 as they benefit from volatile oil prices, Fitch Ratings says. But this will not have a significant impact on our assessment...

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Economy

Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets

Most Asian currencies held steady on Thursday after modest gains, as markets continued to price in the possibility of a Federal Reserve rate cut next week. The US Dollar Index edged 0.1% higher following an overnight dip...

Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains

Asian stock markets traded mostly subdued on Thursday, mirroring the modest uptick seen on Wall Street as investors positioned themselves ahead of next weeks Federal Reserve meeting. Market sentiment remained cautiously...

China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai

Taiwan President Lai Ching-te has urged Chinese President Xi Jinping to direct his focus toward revitalizing Chinas weakening economy rather than pursuing territorial expansion, highlighting widening economic contrasts...

IMF Deputy Dan Katz Visits China as Key Economic Review Nears

International Monetary Fund Deputy Managing Director Dan Katz is making his first trip to China since leaving his position as chief of staff to U.S. Treasury Secretary Scott Bessent, marking a significant moment ahead of...

Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut

The U.S. dollar fell to a five-week low on Thursday as Asian stocks opened the trading day with muted performance, reflecting growing expectations that the Federal Reserve will cut interest rates at its meeting next week....

Politics

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents

California has introduced a new online portal that enables the public to submit videos, photos, and other evidence of potential misconduct by federal immigration agents. The initiative comes as immigration enforcement...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...