Two major ratings agencies left their assessment of France's huge debt pile unchanged Friday, but cast doubt on the government's debt reduction target.Moody's maintained France's sovereign rating at "Aa2" with a stable outlook. Fitch, which downgraded its rating for France last year, left it unchanged at "AA-" with a stable outlook.France's public deficit widened to 5.5 percent of GDP in 2023, overshooting the government's 4.9 percent target. And with the debt stock equal to 110.6 percent of...
Global Payments stock drops after maintaining 2024 guidance, CFO cites
China’s anti-doping agency said Friday it will cooperate with a compliance audit ordered by the World Anti-Doping Agency (WADA) involving a case where 23 Chinese swimmers tested positive for a prescription heart drug. “CHINADA will actively cooperate with the coming audit by WADA, and provide assistance where needed,” the China Anti-Doping Agency said in a […]
The big question now is what this report suggests will happen going forward. The worst-case scenario for the president would be for the economy to continue to slow while inflation stays elevated.
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm with government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights. The economic downturn resulted […]
Australia’s hotly anticipated quarterly consumer price index will land amid fears inflation progress is stalling in some advanced economies and threatening to delay interest rate cuts. Consecutive months of hotter-than-expected United States inflation data have pushed back the expected timing of rate cuts in the world’s biggest economy to later this year. Australian interest-rate markets […]
Iranian commentators and media anticipate a gloomy year ahead for the country’s economy, largely attributing the outlook to government inefficiency and the immense pressure of US sanctions.
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
In EIU's May 2024 Global Outlook video, editorial director for the Middle East and Africa, Pratibha Thaker, and principal economist, Benedict Craven, discuss the current status and prospects for African debt.
Boeing has been under heavy regulatory scrutiny and lowered production of
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow. The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month. Fitch's downgrade follows...
At least two countries have declared bankruptcy due to an inability to repay foreign interest payments, primarily to China.