Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Fitch

Interest Rates Put Pressure on Lending, Limit the Liquidity of the Saudi Financial Market

Financial specialists attributed features of liquidity scarcity in the Saudi financial and banking sector to the effects of raising interest rates and increasing the Saudi Interbank Offered Rate, or Saibor, along with the emergence of attractive investment opportunities. According to specialists, the interest rates rose in parallel with the decline…

Asharq Al-Awsat

Thailand has stable outlook, BBB+ affirmed

Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook.

Bangkok Post

Malaysian PM Anwar will also hold finance post

KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim has appointed himself as finance minister, betting he’s the best person to sustain the country’s fragile post-pandemic recovery as the economy heads for a slowdown next year.

Bangkok Post

From analysis to the latest developments in health,
read the most diverse news in one place.

Senators urge FDIC to give fair consideration to industrial banks

WASHINGTON — A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system.

Tribune News Service

Senators urge FDIC to give fair consideration to industrial banks - Roll Call

Nine senators from both parties are urging the FDIC to give fair consideration to industrial loan company charters.

Roll Call

Chicago finances win city first Fitch upgrade in a decade

Chicago won its first upgrade from Fitch Ratings Inc. in more than a decade, a sign that the Windy City is finally starting to turn its beleaguered finances around.

Tribune News Service

Fitch sees higher earnings ahead for banks

Fitch Ratings expects higher earnings in the Thai banking sector, in line with the country's economic recovery, with loan-loss reserves in the industry having peaked.

Bangkok Post

Read news from The Economist, FT, and more,
with one subscription

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Chancellor’s plan could lead to a ‘significant increase in fiscal deficits over the medium term’, ratings agency warms

The Independent UK

BoE intervention ‘stopped Sterling spiral’ as Fitch cuts credit rating

UK central bank says failure to act could have wiped out the value of a large number of funds held by pension companies

The Independent UK

Rating agency Fitch downgrades UK credit outlook

Lack of independent forecasts at mini-budget and clash with Bank of England’s inflation strategy prompts cut

The Guardian - UK

Kwarteng to ‘work closely’ with banks as five-year mortgage rates hit 6%; pound falls through $1.12 – as it happened

Average mortgage rates hit 12 year high, as ratings agency Fitch lowers outlook on UK debt to “negative” from “stable”

The Guardian - UK

Fitch upbeat on critical minerals demand

Australian lithium, copper and nickel stocks are surging after an upbeat report on world demand for the vital ingredients in green energy and electric vehicles.

AAP

Ghana negotiations with IMF to be fast-tracked : finance minister

Ghana's negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country's Finance Minister Ken Ofori-Atta said on Wednesday.

Reuters

Default 'a real possibility' for Ghana, Fitch senior director says

Sovereign debt default is "a real possibility" for Ghana as it contends with an economic crisis, a senior director from the ratings agency Fitch said on Wednesday.

Reuters

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

Bitcoin-Loving El Salvador President Nayib Bukele Running For Reelection: Here's How The Crypto Performed Since Becoming Legal Tender In The Country

In June 2021, El Salvador became the first country to make cryptocurrency Bitcoin (CRYPTO: BTC) legal tender.

The Independent UK

As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

The Guardian - AU

Climbing interest rates yet to bite most Australian mortgage holders, economists say

As the RBA meets to consider the cash rate, analysts warn the impact of previous rises is yet to be felt fully

Asharq Al-Awsat

Fitch Upgrades Oman Rating to BB

Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Oman to BB from BB-. The outlook on Oman is stable, Fitch said on Monday. The agency said the upgrade "reflects significant improvements in Oman's fiscal metrics, a lessening of external financing pressures and ongoing efforts…

Get all your
news in one place.

100's of premium titles.
One news app.

Edinburgh Live

Edinburgh plans for Abercrombie and Fitch in former Jack Wills building on George Street

If approved, the American fashion retailer would open up at the former Jack Wills store at 65 George Street. Although Abercrombie and Fitch have a presence down south, this would be their only shop in Scotland.

The Conversation

How costly political realities undercut Ghana's electricity reforms

Ghana reformed its electricity sector by the book but has lurched from blackouts between 2012 and 2015 to a glut of energy which costs government about 5% of GDP. Fitch ranks the energy sector as the biggest driver of national debt. How did this happen? It’s a classic case of…

Asharq Al-Awsat

High Interest Rates to Boost Profitability of Saudi Banks

Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023. This comes at a time when the loan-to-deposit ratio of Saudi banks is at its highest level in 15 years. Fitch said that a 200bp increase in interest rates would boost…

Benzinga

Canopy Growth - Cointreau Trademark Battle Ends, Fitch Ratings Downgrades Canopy Stock

Last year, the French alcohol maker Remy Cointreau (OTC: REMYY) sued Canopy Growth Corporation (NASDAQ: CGC) for alleged trademark infringement over its CBD-infused sparkling water brand Quatreau.

Bangkok Post

Fitch keeps Thai credit rating BBB+

Fitch Ratings has affirmed Thailand's credit rating at "BBB+" with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana.

The Guardian - UK

Ocado aims to raise £575m from investors to fund tech arm expansion

Firm wants to ‘invest in innovation at faster pace’ and help clients as online grocery market grows

Asharq Al-Awsat

Ratings Firm Moody’s to Shut Moscow Office at End of Month

Credit rating firm Moody's will formally shut its office in Russia's capital Moscow at the end of the month, sources told Reuters, with staff either being cut or relocated elsewhere. Western sanctions mean the main USand European-based rating agencies Moody's, S&P Global and Fitch have all suspended their operations in…

1 … 7 8 9 10

People

Thanakorn Wangboonkongchana

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

Edinburgh City Council

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.