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Fitch: Basel Proposals on Credit Risk Well-Intended but Flawed

Mar 27, 2015 11:32 am UTC| Research & Analysis

Fitch Ratings says in a new report that the BaselCommittee on Banking Supervision (BCBS) should assess the predictive power ofits proposals to reduce reliance on ratings before committing to any changes.This will help...

Both developing and emerging markets witness outflows in Equity funds

Mar 27, 2015 01:10 am UTC| Research & Analysis

Fund flow data for the week ended 25 March showed lackluster flows after the FOMC meeting, according to Standard Chartered research notes. Institutional investors continue to drive flows across asset classes as retail...

Japanese investors are bullish on Japan

Mar 27, 2015 00:58 am UTC| Research & Analysis

Ever since Prime Minister Abes plans for economic and financial reform - Abenomics- were put in place, there has been increased optimism towards financial assets. Monetary and fiscal stimulus have supported rallies in the...

Fitch: China Property Slump Continues; Offshore Bond Issues Drop

Mar 27, 2015 00:32 am UTC| Research & Analysis

Fitch Ratings says in a new report that average selling prices and floor areas sold in Chinas property market have continued to decline in the beginning of 2015.With the weaker property market and the financial woes of...

Moody's downgrades ratings of three issuers in Ukraine to Caa3; negative outlook

Mar 26, 2015 15:45 pm UTC| Research & Analysis

Moodys Investors Service has today downgraded to Caa3 from Caa2 the corporate family ratings (CFRs) and to Caa3-PD from Caa2-PD the probability of default ratings (PDRs) of three companies operating in Ukraine (Ferrexpo...

Fitch: UK infrastructure well hedged against temporary deflation

Mar 26, 2015 12:26 pm UTC| Research & Analysis

UK private finance initiative and offshore transmission projects are relatively well insulated against low inflation and the potential for short-term deflation through their use of contractual and synthetic hedging...

Fitch: Subsidies Key to Russian Mortgage Growth; FX Risk Limited

Mar 26, 2015 09:23 am UTC| Research & Analysis

Growth prospects for Russian mortgage lendingwill depend on the authorities measures to subsidize rates and/or furtherpolicy rate cuts, as significantly higher bank funding costs have madeunsubsidized rates unaffordable...

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Economy

Australia's Trade Surplus Surges in February on Gold Export Boom

Australia recorded a significant widening of its trade surplus in February, as a powerful rebound in exports combined with softening import demand to deliver results well beyond market expectations. Official data released...

Gulf War Ceasefire Hopes Weigh on Dollar Ahead of Trump Address

Global currency markets held largely steady Thursday as traders stayed on the sidelines ahead of a closely watched national address by U.S. President Donald Trump, expected to outline potential ceasefire developments in...

Trump's Claim That the U.S. Can Cover Global Jet Fuel Shortfall Doesn't Add Up

President Donald Trump urged nations facing jet fuel shortages caused by Irans blockade of the Strait of Hormuz to simply purchase their supply from the United States. We have plenty, Trump posted on Truth Social. But...

Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears

Oil prices remained elevated during Asian trading on Wednesday as markets processed mixed signals surrounding the ongoing conflict with Iran. Brent crude futures for June climbed 0.5% to $104.47 per barrel, while West...

Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying

Asian equity markets posted strong gains on Wednesday, driven by U.S. President Donald Trumps remarks signaling a potential end to military operations against Iran within two to three weeks. Renewed investor optimism,...

Politics

FBI Launches Independent Cuba Probe After Deadly Speedboat Shootout

A team of FBI agents traveled to Cuba this week to conduct an independent investigation into a deadly maritime confrontation involving ten Cuban exiles who attempted to infiltrate the island by speedboat under cover of...

Carney and Trump Discuss Middle East Crisis in High-Stakes Phone Call

Canadian Prime Minister Mark Carney and U.S. President Donald Trump connected over the phone on Wednesday to address the ongoing conflict in the Middle East, among other pressing global issues. The call marked another...

Bahamas Calls Snap Election for May 12 Amid Cost of Living Concerns

Prime Minister Philip Davis announced Wednesday that the Bahamas will hold an early general election on May 12, moving the vote several months ahead of its originally scheduled mid-October date. Davis confirmed he will...

Trump's NATO Threat Looms as Rutte Plans Washington Visit

NATO Secretary-General Mark Rutte is set to visit Washington next week in what the alliance has described as a long-planned trip, arriving at a particularly tense moment in transatlantic relations. NATO spokesperson...

Mexico's Foreign Minister Juan Ramon de la Fuente Steps Down for Health Reasons; Roberto Velasco Nominated as Successor

Mexican President Claudia Sheinbaum announced Wednesday that Foreign Minister Juan Ramon de la Fuente is stepping down from his position due to ongoing health concerns. Sheinbaum has nominated Roberto Velasco, the current...

Science

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

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 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...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Technology

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...

Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers

Microsoft Corporation (NASDAQ: MSFT) is reportedly in exclusive negotiations with Chevron Corp (NYSE: CVX) and investment firm Engine No. 1 to develop a massive energy complex in West Texas dedicated to powering its...
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