How badly will the coronavirus affect the Chinese economy?

The ratings agency S&P has published a new assessment of how the virus outbreak will affect China’s economy, which forecasts a growth slump in 2020, and warns of serious risks to the financial sector. This comes as Air France and Qantas both warn of the impact on their profits from the drop in demand for flights … Read more How badly will the coronavirus affect the Chinese economy?

Markets Fall as Moody’s Downgrades Greece

The US and Australian markets fell over 1st – 2nd June 2011 following disappointing manufacturing and employment indicators. In addition, the downgrading of Greek local and foreign currency bond ratings to Caa1 from B1 gave traders further cause for concern. Ben Potter, research analyst at IG Markets said: “The S&P 500 fell the most since … Read more Markets Fall as Moody’s Downgrades Greece

Business: Fitch Upgrades Banco Pine S.A.

Fitch, the ratings agency, has upgdraded Banco Pine S.A. (Public, SAO:PINE4) in the following areas: Foreign and Local Currency Long-Term IDR upgraded to ‘BB-‘ from ‘B+’; Foreign and Local Currency Short-Term IDRs affirmed at ‘B’; Individual Rating upgraded to ‘C/D’ from ‘D’; Support Rating affirmed at ‘5’; Support Rating Floor affirmed at ‘NF’; National Long-Term … Read more Business: Fitch Upgrades Banco Pine S.A.