US Stripped of AAA Rating by Fitch as Budget Deficits Swell
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 12:58
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:50
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
2023-08-02 11:57
Asia Stocks Drop on Profit Taking, Fitch Fallout: Markets Wrap
Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong
2023-08-02 10:25
Saudi Arabia Borrowing Rate Hits Record High, Hitting Businesses
A key gauge of borrowing costs in Saudi Arabia has risen to a record, potentially hitting businesses and
2023-08-01 15:15
Everything China Is Doing to Juice Its Flagging Economy
China has made a number of pledges recently to revive the economy’s recovery and improve the business environment
2023-08-01 14:24
Australia Extends Rate Pause for Second Month, Currency Drops
Australia’s central bank kept its key interest rate unchanged on Tuesday following a cooling of inflation pressures and
2023-08-01 12:51
Global Pile of Negative-Yield Debt Driven Toward Zero by BOJ
The world’s stockpile of negative-yielding debt looks to be grinding toward extinction as the Bank of Japan eases
2023-08-01 10:54
China’s Cabinet Urges Cities to Roll Out Property Policies
China’s State Council called on cities to introduce policies to ensure the healthy development of their property markets,
2023-08-01 09:46
Japan Jobless Rate Falls in Positive Sign for Wages, BOJ Goal
Japan’s unemployment rate fell in June, feeding into optimism that upward pressure on wages may persist and help
2023-08-01 08:52
Mexico Peso Clocks Longest Monthly Winning Streak Since 2008
Mexico’s peso posted its seventh-straight month of gains, the longest such streak in 15 years, with the currency’s
2023-08-01 05:51
Traders Go to US for Argentina Stocks to Hedge Election Bet
Investors are starting to make the most tentative of moves back into Argentine stocks, looking at a potential
2023-08-01 03:54