S&P Global said in a statement that Israel's long-term foreign and local currency sovereign credit rating was slashed from AA- to A+, with geopolitical tensions being cited as the reason for the d
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...
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 […]
Americans Are Increasingly Negative About China Data by Gallup shows that Americans' views of China have continued to worsen after 2018. The deterioration started with the U.S.-China trade war under President Donald Trump, continued during the coronavirus pandemic that originated in China and has recently taken on yet another dimension among concerns about widespread Chinese tech and industrial espionage and subversion as well as continued human rights abuses and tension...
(The Center Square) – A financial transparency expert is downplaying news that Illinois has received another credit adjustment from a credit reporting agency. Moody’s Investors Service revised the Illinois’ outlook from “stable” to “positive,” citing continued improvement in fund balance and budget reserves. Moody's added that the positive outlook hinged on the possibility of continued growth in state revenue. "We’ve had nine consecutive credit upgrades and we...
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 […]
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.
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...
When it comes to protecting your finances, money expert Clark Howard is all in on freezing your credit. “A credit freeze is the best way to protect yourself from identity thieves,” says Clark. At Clark.com, we want to make it as easy as possible for you to safeguard your credit and your money at all […]
The 'national security' campaign will create fear of the West and strain personal relationships, analysts say.