Asian markets tumble after Fitch downgrades US debt
Asian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest level, citing "a steady deterioration in standards of governance."
1970-01-01 08:00
SoftBank’s Arm Targets $60 Billion-Plus Value for September IPO
SoftBank Group Corp.’s semiconductor unit Arm Ltd. is targeting an initial public offering at a valuation of between
1970-01-01 08:00
Marketmind: Markets shake off surprise US credit downgrade
A look at the day ahead in European and global markets from Brigid Riley Fitch delivered the markets a doozy
1970-01-01 08:00
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
1970-01-01 08:00
EU and Turkey Discuss Easing Trade Relations Amid Warmer Ties
The European Union and Turkey are discussing an update of their customs union as part of the country’s
1970-01-01 08:00
Japan Insurers Sink on Concerns Over Suspected Price Fixing
A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion
1970-01-01 08:00
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
1970-01-01 08:00
Oil Rises After Industry Report Points to Massive Inventory Draw
Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to
1970-01-01 08:00
California Teachers’ Pension Keeps Shrinking Its Exposure to China
China fell out of the top 12 ranking of the California State Teachers’ Retirement System based on country
1970-01-01 08:00
China’s Spy Agency Takes to WeChat in Espionage Crackdown
China’s powerful spy agency made a public call on social media for citizens to join its anti-espionage drive,
1970-01-01 08:00
Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
1970-01-01 08:00
China Moves to Roll Out Pro-Growth Policies as Economy Struggles
China is turning its focus to rolling out various policy promises to help spur the economy’s recovery as
1970-01-01 08:00