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Fitch Downgrades 4 Portuguese Banks on Support Revision

May 19, 2015 16:54 pm UTC| Research & Analysis

Fitch Ratings has downgraded Banco Comercial Portugues, S.A.s (Millennium bcp) Long-term Issuer Default Rating (IDR) to BB- from BB+ and that of Banco BPI, S.A. to BB from BB+.At the same time, the agency has downgraded...

Fitch Downgrades Irish Banks' IDRs; Upgrades 3 VRs

May 19, 2015 16:48 pm UTC| Research & Analysis

Fitch Ratings has downgraded Bank of Irelands (BOI) and Bank of Ireland UK plcs (BOI UK) Long- and Short-term Issuer Default Ratings (IDR) to BB+/B from BBB/ F2, and Allied Irish Banks plcs (AIB) and AIB UKs (AIBUK) Long-...

Moody's: Default rate estimated to rise among struggling E&P companies

May 19, 2015 14:11 pm UTC| Research & Analysis

The 12-month default rate forecast for Oil and Gas companies rated B2 or below in the Exploration and Production (EP) sector is estimated to more than double in the year ahead, Moodys Investors Service said in a new...

Fitch: US Investors Less Bullish on Economic Outlook; Expect Corporate Leverage to Rise

May 19, 2015 13:36 pm UTC| Research & Analysis

U.S. credit investors were more cautious on the economic outlook for the U.S. in the April Fitch Ratings/Fixed Income Forum survey than they were six months earlier. However, their expectations were much more optimistic...

Moody's: Australian life insurers' profits under pressure through to 2016

May 19, 2015 01:17 am UTC| Research & Analysis

Moodys Investors Service says the profitability of Australian life insurers will be under pressure throughout 2015 and 2016, due to the policy lapses and rising claims seen for their risk products."The higher number of...

Fitch: Opportunities and Risks Abound in China's Corporate Bond Market

May 19, 2015 01:11 am UTC| Research & Analysis

Fitch Ratings says in its latest China Research Initiative Blue Book that the development of Chinas fast-growing corporate bond market is being hampered by regulatory fragmentation. Several government agencies oversee a...

Fitch: Big Five IPPs Remain Key Policy Vehicles for China's Clean Energy Goal

May 19, 2015 01:08 am UTC| Research & Analysis

Fitch Ratings says in a new report that Chinas big five state-owned independent power plant operator groups (Big Five IPPs) will remain important policy vehicles that the state will use to meet its goal of shifting the...

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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...