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US Debt: What Does The Loss Of Triple A Rating Mean
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
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Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
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Elon Musk Begins Twitter Poll on Donald Trump’s Account Reinstating
Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former US President Donald Trump's account on the platform, with early results showing roughly 60 percent voting yes. Musk, Twitter's new owner, said in May he would reverse Twitter's ban on Trump.
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Bitcoin Legalisation, Crypto Uncertainty Drag Down El Salvador's Fitch Ratings
El Salvador has risked scoring funds from the IMF programme that would unlock financing for 2022-23, causing its ratings on Fitch to drop to “junk grade”. In its report, Fitch Ratings said that adopting Bitcoin as a legal tender was not surely an economically viable decision for the country.
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India's Daily COVID-19 Tests Up To 4.2 Lakh Amid Alarming Infection Rate
India, the third worst-hit country in the global coronavirus tally after US and Brazil, has gradually ramped-up its COVID-19 testing capacity and has conducted over 4.2 lakh tests in a day, the Union Health Ministry said Saturday, crediting the increase to number of labs for the achievement.
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RBI May Not Follow US Federal Reserve With Rate Cut: Report
With interest rate transmission - the pace at which changes feed through to the wider economy - still stuttering and the RBI having deployed several unconventional measures to boost credit growth, economists believe another cut is far from a given, and warn it will do little to tackle growth concerns.
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China Denies US Allegations Over Military 'Hackers'
Beijing said Tuesday it "never engages" in cybertheft, following US indictments of four Chinese army members for alleged involvement in the massive 2017 hacking of credit rating agency Equifax.
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How An Apple Watch Helped A US Veterinarian Save His Own Life
A 79-year-old veterinarian from Texas's Waco has credited the Apple Watch for saving his life after the device's heart rate monitor notified him of atrial fibrillation.
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Volkswagen Overstated Fuel Economy On 98,000 U.S. Vehicles, Will Repay Consumers
Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the U.S. Environmental Protection Agency said auto software overstated real-world performance.
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Sensex Gains Over 250 Points, Nifty Crosses 11,250: 10 Things To Know
Stock markets started Tuesday's session on a strong note, a day after credit ratings major Moody's said that the operating environment for Indian banks will be stable but economic slowdown poses challenges to the sector. The S&P BSE Sensex index rose as much as 263.84 points to touch 37,950.21 in early trade, and the broader NSE Nifty benchmark cli...
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Rupee Logs Steepest Single-Day Fall In Over A Month
Extending its decline to a second consecutive session, the rupee fell by 56 paise or 0.8 per cent on Monday to end at 71.80 versus the US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds came under pressure after credit rating agency Moody's said that the inability to meet fisc...
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Sustained Rupee Fall Credit Negative For Indian Firms: Moody's
The American credit rating agency's report on the weakening rupee was published on the day the Indian currency touched a new low of 72.67 on Monday.
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Why Gold Prices Fluctuate - 7 Key Factors To Watch In Gold Rates
Gold prices are typically influenced by monetary policy announcements, economic data, strength of the US dollar, supply and demand, inflation, currency movements, activity of ETFs or exchange-traded funds and jewellery demand, credit ratings agency CARE Ratings said in its report on gold outlook for 2018.
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Moody's Rating Goes Against People's Mood: Kapil Sibal
Congress leader Kapil Sibal on Saturday said the upgradation of India's rating by US credit rating agency Moody's was not in sync with the "mood of the people".
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India, Russia To Develop 'Independent' Credit Rating Industry
India and Russia vowed to develop a credit rating industry that is "independent from political conjecture" -- a move that follows apprehensions about global agencies being biased towards large economies like the US and China.
-
US Debt: What Does The Loss Of Triple A Rating Mean
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
-
Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
-
Elon Musk Begins Twitter Poll on Donald Trump’s Account Reinstating
Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former US President Donald Trump's account on the platform, with early results showing roughly 60 percent voting yes. Musk, Twitter's new owner, said in May he would reverse Twitter's ban on Trump.
-
Bitcoin Legalisation, Crypto Uncertainty Drag Down El Salvador's Fitch Ratings
El Salvador has risked scoring funds from the IMF programme that would unlock financing for 2022-23, causing its ratings on Fitch to drop to “junk grade”. In its report, Fitch Ratings said that adopting Bitcoin as a legal tender was not surely an economically viable decision for the country.
-
India's Daily COVID-19 Tests Up To 4.2 Lakh Amid Alarming Infection Rate
India, the third worst-hit country in the global coronavirus tally after US and Brazil, has gradually ramped-up its COVID-19 testing capacity and has conducted over 4.2 lakh tests in a day, the Union Health Ministry said Saturday, crediting the increase to number of labs for the achievement.
-
RBI May Not Follow US Federal Reserve With Rate Cut: Report
With interest rate transmission - the pace at which changes feed through to the wider economy - still stuttering and the RBI having deployed several unconventional measures to boost credit growth, economists believe another cut is far from a given, and warn it will do little to tackle growth concerns.
-
China Denies US Allegations Over Military 'Hackers'
Beijing said Tuesday it "never engages" in cybertheft, following US indictments of four Chinese army members for alleged involvement in the massive 2017 hacking of credit rating agency Equifax.
-
How An Apple Watch Helped A US Veterinarian Save His Own Life
A 79-year-old veterinarian from Texas's Waco has credited the Apple Watch for saving his life after the device's heart rate monitor notified him of atrial fibrillation.
-
Volkswagen Overstated Fuel Economy On 98,000 U.S. Vehicles, Will Repay Consumers
Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the U.S. Environmental Protection Agency said auto software overstated real-world performance.
-
Sensex Gains Over 250 Points, Nifty Crosses 11,250: 10 Things To Know
Stock markets started Tuesday's session on a strong note, a day after credit ratings major Moody's said that the operating environment for Indian banks will be stable but economic slowdown poses challenges to the sector. The S&P BSE Sensex index rose as much as 263.84 points to touch 37,950.21 in early trade, and the broader NSE Nifty benchmark cli...
-
Rupee Logs Steepest Single-Day Fall In Over A Month
Extending its decline to a second consecutive session, the rupee fell by 56 paise or 0.8 per cent on Monday to end at 71.80 versus the US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds came under pressure after credit rating agency Moody's said that the inability to meet fisc...
-
Sustained Rupee Fall Credit Negative For Indian Firms: Moody's
The American credit rating agency's report on the weakening rupee was published on the day the Indian currency touched a new low of 72.67 on Monday.
-
Why Gold Prices Fluctuate - 7 Key Factors To Watch In Gold Rates
Gold prices are typically influenced by monetary policy announcements, economic data, strength of the US dollar, supply and demand, inflation, currency movements, activity of ETFs or exchange-traded funds and jewellery demand, credit ratings agency CARE Ratings said in its report on gold outlook for 2018.
-
Moody's Rating Goes Against People's Mood: Kapil Sibal
Congress leader Kapil Sibal on Saturday said the upgradation of India's rating by US credit rating agency Moody's was not in sync with the "mood of the people".
-
India, Russia To Develop 'Independent' Credit Rating Industry
India and Russia vowed to develop a credit rating industry that is "independent from political conjecture" -- a move that follows apprehensions about global agencies being biased towards large economies like the US and China.
