Moody’s turns negative on US credit rating, draws Washington ire
NEW YORK/WASHINGTON, Nov 10 (Reuters) – Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits...
Exclusive: China tells banks to roll over local government debts as risks mount – sources
A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung...
Developing countries facing a debt crunch
LONDON, Oct 4 (Reuters) – High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a range of developing...
Global finance system fragmenting; Myanmar crisis worsens: UN chief
[1/4]UN Secretary General Antonio Guterres speaks during his bilateral meeting with Indonesian President Joko Widodo on the sidelines of the Association of Southeast Asian Nations...
China can no longer ‘extend and pretend’ on municipal debt
Chinese leaders promise “basket of measures” to fix local debt Latest Politburo stance suggests Beijing may be ready to step in Extent of Beijing’s involvement...
European banks flag bad loan risks as global economy falters
[1/3]The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo LONDON/MILAN/MADRID, July 26 (Reuters) – Europe’s major banks,...
NY Fed report finds Americans increasingly facing borrowing headwinds
[1/2]An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration July...
S&P Global’s top economist sees dollar dominance diminishing
LONDON, July 11 (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday....
Bankruptcy filings surge in first half of 2023 in US, Epiq says
July 3 (Reuters) – U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider...
US yield curve hits deepest inversion since 1981: What is it telling us?
NEW YORK, July 3 (Reuters) – (This July 3 story has been corrected to change Allspring Global Investments to Annex Wealth Management in paragraph 13)...