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Fitch affirms 10 Nigerian banks on peer review; Stable Outlook

Feb 23, 2015 19:14 pm UTC| Research & Analysis

Fitch has affirmed the Long-term Issuer Default Ratings (IDRs) of 10 Nigerian banks. They are Zenith Bank Plc (Zenith), FBN Holdings Plc (FBNH), First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA), Guaranty...

Trade War Series

Fitch: Danish Krone Peg Defence Looks Credible, But Has Risks

Feb 23, 2015 12:15 pm UTC| Research & Analysis

Steps by the Danish authorities to maintain the euro-krone peg reflect a very strong commitment to a fixed exchange rate, and support Fitch Ratings view that the peg will not be abandoned. Defending the peg avoids the...

Fitch: Quantitative Easing Can Support Sovereign Ratings

Feb 23, 2015 10:02 am UTC| Research & Analysis

Fitch Ratings says in a new report that a credible and effective quantitative easing (QE) programme can provide support to sovereign ratings and potentially reduce the risk of downgrades, relative to the counter-factual of...

Eurozone grants four months conditional extension to Greece

Feb 23, 2015 09:12 am UTC| Research & Analysis

The Eurogroup reached an agreement with Greece for an extension of its bailout by four months, easing the concerns regarding the possible exit of the country from the Eurozone."Patience was stretched to its limits in the...

Fitch: Austrian banks' ratings unaffected by sovereign downgrade

Feb 20, 2015 17:23 pm UTC| Research & Analysis

Fitch Ratings says that its recent downgrade of Austrias sovereign ratings does not affect the support-driven Long-term Issuer Default Ratings (IDR) of the four systemically-relevant Austrian banks, which remain...

Moody's: Italy set to benefit from reforms, though debt to GDP ratio to decline only gradually

Feb 20, 2015 16:47 pm UTC| Research & Analysis

Italys (Baa2 stable) economy is gradually recovering, but its growth trajectory will likely remain low in the coming years, says Moodys Investors Service in a report published today. The rating agency expects that the...

Fitch: Will loan growth (and earnings) finally recover for Mexican banks?

Feb 20, 2015 15:41 pm UTC| Research & Analysis

Fitch Ratings Sector Outlook for Mexican Banks remains Stable. Fitch considers a revision of the industry outlook unlikely during 2015, given the moderate expected economic recovery and developing downside risks from the...

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Economy

US Dollar Index Falls as Fed Signals Caution, Indian Rupee Surges

The U.S. dollar weakened on Tuesday as cautious comments from a Federal Reserve official and gains in the euro pressured the greenback. Meanwhile, the Indian rupee extended its sharp recovery, reaching its strongest level...

Gold Prices Mixed Ahead of US Inflation Data and Fed Rate Outlook

Gold prices ended Tuesdays trading session mixed as investors assessed a weaker U.S. dollar, declining Treasury yields, and fluctuating oil prices ahead of crucial U.S. inflation reports that could influence the Federal...

Fed’s Williams Sees One More Rate Hike in 2026, None in 2027

Federal Reserve Bank of New York President John Williams said Tuesday that he continues to support one additional interest rate hike in 2026 but does not anticipate further increases in 2027, citing expectations that...

Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns

Oil prices traded mixed on Tuesday as investors assessed the impact of a U.S.-Russia diesel supply agreement alongside growing concerns about Middle East oil disruptions following escalating Houthi attacks in Yemen and...

Wall Street Closes Lower as Bank Earnings and AI Concerns Weigh

Wall Street stocks ended slightly lower on Tuesday, October 13, as mixed bank earnings and growing concerns over Chinese artificial intelligence competition pressured investor sentiment ahead of key U.S. inflation data....

Politics

US Senate Midterms 2026: Key Races That Could Flip Control

The 2026 US Senate midterm elections are shaping up to be a competitive battle as Democrats seek to overturn Republicans 53-47 majority. With Election Day approaching, several closely contested races could determine which...

Trump Denies China, Russia Are Helping Iran in War

US President Donald Trump has dismissed claims that China and Russia are supporting Iran in its ongoing war with the United States, despite American intelligence assessments suggesting both countries have provided military...

Zelenskiy Says Ukraine Received No Warning Before Russian Missile Attack

Ukrainian President Volodymyr Zelenskiy said Tuesday that Western allies failed to provide advance warning of a Russian missile attack on Kyiv, raising concerns about Ukraines access to critical intelligence as Washington...

US Supreme Court Denies Release of Anti-ICE Activist Kyle Wagner

The US Supreme Court on Tuesday rejected a request for the pretrial release of Kyle Wagner, an anti-ICE activist accused of making online threats during a federal immigration crackdown in Minneapolis. The decision keeps...

Flavio Bolsonaro Backs Brazil’s 40-Hour Workweek Reform Ahead of Runoff

Brazilian Senator Flavio Bolsonaro has reversed his opposition to a proposed labor reform that would shorten the countrys workweek, a politically significant move ahead of his presidential runoff against incumbent...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

New York Times, AFP Join Coalition to Protect Content From AI

The New York Times, Agence France-Presse (AFP), and The Economist have joined a growing international coalition seeking to protect publishers copyrighted content from unauthorized use by artificial intelligence companies....

AT&T Sells Mexico Wireless Business to Televisa for $2 Billion

ATT Inc. (NYSE: T) has agreed to sell its Mexican wireless operations to Grupo Televisa SAB (NYSE: TV) and Fintech Holdings Inc. for $2 billion in cash, ending its decade-long effort to compete in Mexicos...

Arm Shares Fall Over 3% After Qualcomm Wins License Dispute

Arm Holdings shares dropped more than 3% on Tuesday, October 13, after a Delaware jury ruled in favor of Qualcomm in a breach of contract lawsuit, marking another setback for the British chip technology company in its...

Arm Breaches Qualcomm License Deal, Jury Awards $2

A Delaware jury has ruled that Arm Holdings violated its licensing agreement with Qualcomm and intentionally interfered with the chipmakers business relationship with Meta Platforms. However, the jury awarded Qualcomm just...

Nvidia Invests in Four French AI Companies to Expand European Presence

Nvidia Corp is expanding its presence in Europes artificial intelligence market through agreements to acquire minority stakes in four French technology companies, according to a report published Tuesday by French newspaper...