The Downgrades have had a significant impact, but Moody’s says US banks are still strong.
After downgrading small to midsize banks, the rating agency Moody’s still believes the U.S. banking sector is strong. The downgrade of Small to midsize lenders has caused the agency to warn about a decline in profits, which could lead to…
After Apple boosted profits, the stock prices of Berkshire Hathaway skyrocketed.
On Monday, There was a record-high stock price set by Berkshire Hathaway. The price increased by 3.4% after Warren Buffet’s firm announced that its quarterly operational profit had surpassed $10 billion for the first time. The hike in interest rates…
France wants Better Access to the Chinese market, not decoupling, said France’s Finance Minister Le Maire.
After the meeting with top officials on Sunday, Finance Minister Bruno Le Maire said that they want a more “balanced” trade Relationship and better access to the Chinese market. France is not expecting a “Decoupling” from China. A day After…
For the World Economy, PIMCO’s CIO said they are preparing for a harder landing.
The interview published by the Financial Times, in which the Chief investment officer at the U.S. bond giant Pacific Investment Management Co. (PIMCO) said they are preparing for a “harder landing” as senior central bank officials get ready to continue…
The UK is in talks with India about business travel but will not include broader immigration in the negotiation.
According to Trade Minister Kemi Badenoch, Britain will discuss short-term business visas as part of negotiations for a free trade agreement with India, but any agreement will not guarantee broader immigration commitments or Britain’s labor market access for Indian workers….
Argentina receives over $1 billion from the World Bank and IDB.
On Wednesday, the Economy Ministry of South America said Argentina will receive over $1 billion in funding from the Inter-American Development Bank and the World Bank. They also added that the funds should be used for development and energy initiatives….
The assessment of the Indian banking sector is raised by S&P as having a “strong recovery.”
On Tuesday, because of the “strong recovery” in India’s financial sector, S&P Global Ratings raised its evaluation of India’s banking industry. The Government’s high debt-to-GDP ratio and poor financial sector have been identified as the factors dragging down India’s sovereign…
An increase in Oil prices worries Russia’s political issues, which could impact the supply.
On Monday, oil prices spiked after the revolt by Russian mercenaries. The revolt raised worries about the political instability in Russia and its potential impact on the oil supply from one of the world’s biggest producers. Both of the benchmarks,…
After the U.S. data, which fuels growth worries, European shares are down as well.
Last Monday, European shares declined because of news of weak business activity in the U.S. that boosted economic slowdown worries, which overshadowed the gains in telecom stocks. As a result, investors took their profit from last week’s rebound. A survey…
The Slowing economy of China is affecting EU firms.
The European Chamber of Commerce in China said that the decoupling and political tension with the United States are not the major problems; the Slowing down of both the Chinese and global economies is the biggest issue affecting European firms…