Fitch Financial News

10.01 / 13:14

markets UPS economy Fitch Research show country Bond market has a $2T debt problem that’s fast approaching

Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away.

05.01 / 04:10

markets economy Fitch Trade show performer track Asian stocks Asian stocks muted as markets await US payrolls for more rate-cut cues

Investing.com-- Most Asian stocks moved little on Friday as they steadied after a weak start to the new year, although anticipation of key U.S. payrolls data and persistent concerns over China kept investors on edge.

04.01 / 11:58

UPS DOW Fitch SpaceX show social Fed minutes, SpaceX faces complaint from U.S. labor agency - what's moving markets

Investing.com -- U.S. stock futures edged up on Thursday, after a negative start to 2024 for equities on Wall Street carried over into a second straight session. Markets were little surprised by minutes from the Federal Reserve's latest meeting, which dampened already ebbing hopes that the central bank would begin to cut interest early this year. Elsewhere, a U.S. labor agency accuses rocket company SpaceX of unlawfully dismissing workers who raised concerns over social media statements made by founder Elon Musk.

04.01 / 05:46

Manufacturing Fitch Moodys Nikkei show performer Updates Asian stocks Asian stocks extend new year rout; China walloped by Fitch downgrades

Updated at 23:27 ET (04:27 GMT) with more details on China.

04.01 / 05:45

UPS Provident economy Fitch Trade performer country Fitch downgrades 4 Chinese national asset managers, warns of more cuts

Investing.com-- Fitch said on Thursday it had downgraded the issuer default ratings of four Chinese national asset management companies and flagged more potential downgrades on expectations of weaker government support and headwinds from a property market slump.

31.12 / 18:32

economy Dreams Fitch Experts show performer country India’s economy: Will the dream run continue this year?

Mint looks at factors that can aid or disrupt the dream run. In 2023, Indian economy’s strong performance defied expectations. The 6.1% growth in the January-March quarter pushed FY23 growth to 7.2%.

28.12 / 07:21

economy NVIDIA Fitch performer country consequences prevention 2023 in Review: Top 10 trends that caught investors' attention this year

Decline in inflation: In the realm of developed markets, central banks made significant strides in curbing inflation without inflicting substantial harm on their respective economies throughout the past year. Notably, the United States, despite the Federal Reserve initiating its most assertive tightening cycle in over four decades, managed to steer clear of a recession. The effective policies implemented by developed market central banks underscore their adeptness in navigating the delicate balance between taming inflationary pressures and ensuring the sustained health of their economies.

27.12 / 08:07

FIVE Reuters economy Fitch Experts show reports Sensex rallies over 500 points today, up over 7% in December so far; 5 reasons why market is gaining - explained

BSE-listed firms is now near ₹361.3 lakh crore. Also read: Market momentum may continue in 2024; FPI money will continue to pour into India, says Ajit Banerjee Here are the five factors that experts believe have boosted market sentiment: As the US inflation has been cooling of late, market participants are buying stocks aggressively, expecting the US Federal Reserve to start cutting interest rates as early as March next year. "Market pricing now shows a more than 80 per cent chance the Fed is likely to begin cutting rates next March, according to the CME FedWatch tool, with over 150 basis points of easing priced in for all of 2024," reported Reuters.

26.12 / 14:28

Fitch Experts shootings show reports Winter keeps India’s power demand elevated

NEW DELHI : India’s peak power demand has remained elevated over the past week amid the winter chill, keeping it above the 200 GW level since 19 December. On Monday, peak power demand stood at 206.421 GW, show data from the Grid Controller of India. Electricity demand shoots up in winters due to the use of heating appliances and geysers.

26.12 / 05:09

economy Fitch pandemic country shock Can India expect a higher sovereign rating without reducing its fiscal deficit?

The debate on India's sovereign rating continues, with a chief economic once again expressing dissatisfaction over the ratings assigned by major credit agencies. Despite India's economic ascent from the twelfth to fifth largest globally within 15 years, it remains pegged at the lowest investment grade. In the Economic Survey of 2016-17, the then chief economic adviser (CEA) Arvind Subramanian first highlighted the "poor standards" of rating agencies.

26.12 / 01:40

Provident Manufacturing economy Fitch show India's resilient economy seen expanding 6.7% in FY24

Indian economy is likely to grow 6.7% in FY24, according to a median forecast of 11 economists, staying resilient despite external headwinds as domestic demand and improving investments provide support. Prospects have improved from a month ago, when an ET poll pegged the current fiscal year's expansion at 6.3%. However, the median is still short of the recent Reserve Bank of India (RBI) estimate.

25.12 / 06:24

IPO Target Enterprise Fitch Experts Disinvestment fetches over Rs 4.20 lakh cr in 10 years but target to be missed again in FY24

Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale).

25.12 / 02:48

economy Fitch performer country cover strain Ratings: India has a valid reason to be aggrieved

There has been much debate over the sovereign credit rating India deserves. New Delhi has long lamented that rating agencies have been unjust in assigning the country their lowest investment grade. Re-examining Narratives: A Collection of Essays, released last week by the Chief Economic Advisor’s office, attempts to explain why these agencies are wrong.

24.12 / 07:34

Fitch pandemic performer country reports travelers India's economic growth to boost demand of corporates: Fitch Ratings

Fitch Ratings expects that India's resilient economic growth will boost demand of the corporates. In its latest research report on 'India Corporates: Sector Trends 2024', Fitch said that this is a sequel to the robust performance of the corporates in 2023 and will offset weakness from slowing growth in the key overseas markets.

23.12 / 15:58

CEO Adobe Strategy Enterprise Fitch Warner Bros Aon reports Adobe & Figma terminate merger, Nippon Steel to buy U.S. Steel: 4 big deal reports

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: Adobe Systems and Figma mutually agree to terminate merger, Nippon Steel to acquire U.S. Steel, Warner Bros. Discovery and Paramount in merger talks, and Aon to acquire NFP.

21.12 / 14:19

Target economy Fitch pandemic Experts show country Reforming sovereign credit rating process need of the hour: CEA

NEW DELHI : Credit rating agencies need to reform their sovereign rating process to correctly reflect the default risk of developing economies, saving billions in funding costs, the government’s chief economic adviser, V Anantha Nageswaran, said on Thursday. His comments coincide with India seeking an upgrade to its sovereign credit rating, currently at the lowest possible investment grade, as the South Asian nation has seen its economic metrics improve considerably since the pandemic.

12.12 / 12:53

CEO Fitch Morningstar 2020 stake Rogers sells $829-million Cogeco stake to Caisse to pare debt

Canadian wireless company Rogers Communications Inc. sold its stake in a rival telecommunications operator to Quebec’s largest pension manager, raising more than $829 million to repay debt in an effort to keep its investment-grade rating.

08.12 / 15:53

Citi Telegram WhatsApp Fitch show reports The Bank of England suggests a resurgence in high yield & leveraged finance jobs...in 2028

If you work in UK high yield or leveraged finance and you're concerned about your job security, then hang in there. After a terrible year for both markets in 2023, today'sFinancial Stability Report from the Bank of England suggests things will improve. But you might have to wait a few years.

06.12 / 10:45

Target Action economy Fitch Moodys voice symptoms Analysis-Moody's outlook cut complicates Beijing's 'war' against market bears

SHANGHAI/HONG KONG (Reuters) — Moody's (NYSE:MCO) negative outlook on China has intensified Beijing's battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilise the yuan as investor confidence deteriorates.

06.12 / 09:25

Manufacturing Gap Apple economy Fitch country electronic India taking the dragon head on & dimming lights of China, the world's factory floor

Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'. There are still miles to go before India laps up a significantly greater share of what the world consumes.

04.12 / 14:37

Provident Cooper Fitch Nov Patrick Bill country Currency, inflation woes in focus as Egypt's Sisi set for third term

By Patrick Werr

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