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Moody's: Ghana's creditworthiness constrained by high government debt and external vulnerability

Jun 04, 2015 21:27 pm UTC| Research & Analysis

Ghanas high debt burden, reduced debt affordability and large gross borrowing requirements are among the key credit constraints reflected in its B3 rating with a negative outlook, Moodys Investors Service says in its...

Moody's: Australian banks' asset quality stable for now

Jun 04, 2015 04:57 am UTC| Research & Analysis

Moodys Investors Service says that Australian banks reported exceptionally low credit costs over the six months to 31 March 2015. The rating agency identifies some potential headwinds to asset quality, but expects that in...

Moody's: Asian Liquidity Stress Index stable at 24% in May

Jun 04, 2015 02:45 am UTC| Research & Analysis

Moodys Investors Service says that its Asian Liquidity Stress Index remained at 24% in May for the third consecutive month. The number of rated high-yield companies with Moodys weakest speculative-grade liquidity (SGL-4)...

Fitch: Limited Implications of Asya Case for Turkish Banks

Jun 03, 2015 14:13 pm UTC| Research & Analysis

The Turkish banking sector as a whole, and its participation (Islamic) banks in particular, should not be significantly affected by the transfer last Friday of control over Asya Katilim Bankasi to the Savings Deposit...

Moody's: Collateral for Slovak covered bonds increases with rise of mortgage loans

Jun 03, 2015 13:58 pm UTC| Research & Analysis

An increase in mortgage loan volumes and fall in non-performing loans are credit positive for covered bonds in Slovakia, allowing for an increase in collateral and thus over-collateralisation (OC) for cover pools, says...

FITCH: EU BANK SUB-DEBT AND RETAIL BUYERS - RISKS OUTWEIGH BENEFITS

Jun 03, 2015 12:42 pm UTC| Research & Analysis

Some EU banks are still selling their own subordinated securities to their retail customers even after retail investors were bailed in when Spanish banks failed in 2012. Conduct risks could far outweigh the benefit of...

Moody's: Government rail investment a key credit support for selected Chinese issuers

Jun 03, 2015 03:03 am UTC| Research & Analysis

Moodys Investors Service says that continued heightened investment by the Chinese government (Aa3 stable) in the countrys railway network will be credit positive for the industry and eligible companies. Chinas rail...

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Economy

RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses

Indian banks are bracing for heightened uncertainty after the Reserve Bank of India (RBI) tightened its grip on currency markets, barring lenders from offering rupee non-deliverable forwards (NDFs) to both resident and...

Oil Prices Surge Over $5 as Trump Vows to Continue Iran Strikes

Global oil prices jumped sharply on Thursday after President Donald Trump declared that the United States would press forward with military strikes against Iran, stopping short of outlining any concrete timeline or exit...

Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict

President Donald Trump addressed the nation Wednesday evening, declaring that U.S. military operations against Iran were nearing their core objectives but warned that intensive strikes would continue for another two to...

Trump Threatens Escalation Against Iran, Warns of Infrastructure Strikes

President Donald Trump announced Wednesday that the United States would significantly intensify its military operations against Iran within the next two to three weeks, while warning of devastating strikes on the countrys...

Asian Stocks Drop as Trump Signals Iran War Escalation

Asian equity markets retreated sharply on Thursday, erasing earlier gains as U.S. President Donald Trump announced plans to intensify military operations against Iran within the next two to three weeks. The remarks sent...

Politics

Federal Judge Rules CBP Violated Warrantless Arrest Order During Sacramento Immigration Sweep

A federal judge in California has found that U.S. Customs and Border Protection (CBP) officials violated a prior court order when they conducted a warrantless immigration sweep at a Sacramento Home Depot parking lot. U.S....

Coral Springs Vice Mayor Nancy Metayer Bowen Killed in Suspected Domestic Violence Incident

Nancy Metayer Bowen, the 38-year-old vice mayor of Coral Springs, Florida, was fatally shot at her home on Wednesday in what authorities are investigating as a domestic violence homicide. Her husband, Stephen Bowen, 40,...

Trump Administration Plans 100% Tariffs on Pharmaceutical Imports

The Trump administration is moving forward with plans to impose tariffs as high as 100% on pharmaceutical imports, according to a Financial Times report citing sources familiar with the matter. The levies could be...

Trump Defends U.S.-Israel War on Iran in Prime-Time Address as Public Support Wanes

President Donald Trump took to prime-time television Wednesday night to defend the ongoing U.S.-Israeli military campaign against Iran, now entering its second month. In a 19-minute White House address, Trump claimed...

Trump Claims Iran Sought Ceasefire as Middle East War Escalates

Tensions in the Middle East reached a new flashpoint this week as U.S. President Donald Trump publicly claimed that a senior Iranian official requested a ceasefire, a statement Tehran swiftly and firmly rejected. The...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...

Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda

Secretary of State Marco Rubio has instructed American diplomats to leverage social media platform X and collaborate with Pentagon psychological operations units as part of a broader strategy to combat foreign...