Moody’s downgrades Egypt deeper into junk territory
(Reuters) – Moody’s on Thursday downgraded Egypt’s credit rating by a notch to ‘Caa1’ from ‘B3’, citing the country’s worsening debt affordability. Egypt has been facing an economic crisis with record inflation…
VinFast posts deeper loss in Q1, eyes July completion of SPAC merger
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period…
JP Morgan now expects S.Africa 2023 GDP decline on deeper power cuts
(Reuters) – JPMorgan in a research note on Friday said it now forecast a 0.2% decline in South Africa’s 2023 gross domestic product versus a previous forecast for 0.3% growth, citing expectations…
Argentina’s economy teeters on the edge of deeper crisis as market anxiety grows- Reuters Poll
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to…
Biden thanks Colombia for hosting Venezuelan refugees, eyes deeper partnership
By Jeff Mason and Julia Symmes Cobb WASHINGTON (Reuters) – U.S. President Joe Biden praised Colombian President Gustavo Petro on Thursday for his country’s treatment of refugees from Venezuela and for his…
Czech government must dig deeper with budget consolidation – watchdog
By Robert Muller PRAGUE (Reuters) – The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen to record deficits, and must act fast…
China Smiles As America Falls Deeper Into The TikTok Trap
GORDON CHANG: China Smiles As America Falls Deeper Into The TikTok Trap Gordon Chang on January 8, 2023 TikTok, the extremely popular video-sharing app, is in the midst of another round of…
Fall in New Zealand confidence raises spectre of deeper recession
By Lucy Craymer WELLINGTON (Reuters) – Confidence in New Zealand has slumped in recent weeks, raising concerns the country might be headed toward a deeper recession than most have forecast. The December…
Yellen ‘open’ to visiting China, will seek deeper economic engagement
By Andrea Shalal FORT WORTH, Texas (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said she was “open” to visit China as she seeks to deepen economic engagement with Beijing after…
Ukraine’s GDP will fall deeper than expected – central bank deputy governor
KYIV (Reuters) – Ukraine’s GDP will fall deeper than expected this year because of Russian air strikes on the country’s energy infrastructure, central bank deputy governor Serhiy Nikolaychuk said on Thursday. “The…
BoE’s Dhingra warns of deeper and longer recession with higher rates
LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs…
S&P pushes Argentina’s local currency rating deeper into junk territory
(Reuters) – Ratings agency S&P Global on Wednesday cut Argentina’s long-term local currency sovereign credit rating by two notches to “CCC-” from “CCC+” to reflect increased vulnerabilities over the next six months…
Russian retail sales fall deeper, jobless rate rises in Sept – data
MOSCOW (Reuters) – Russian retail sales fell deeper and the jobless rate slightly increased in September, official data from the state statistics service Rosstat showed on Wednesday, after the Kremlin announced its…
Political chaos tips British firms into deeper slide – PMIs
LONDON (Reuters) -British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country’s political upheavals compound concerns about inflation and rising interest rates,…
Canada, South Korea seek deeper cooperation on critical minerals
By Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday agreed to deepen cooperation on critical minerals used in electric vehicles (EVs) batteries…
S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating
(Reuters) – Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments. The South Asian nation, which had…
GM’s Cruise robotaxi unit drives deeper into the red
By Joseph White DETROIT – General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker’s Cruise unit starts…
Analysis-Political and banking deadlock may plunge Lebanon deeper into crisis
By Timour Azhari and Maya Gebeily BEIRUT – Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could…
Climate scientists’ message to the financial world: dig deeper
By Simon Jessop and Ross Kerber LONDON – The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy intervention is…
Russian oil refiners signal deeper cuts to refinery runs amid overstocking
(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp drop in…
The Biden Admin’s Ties To Ukraine Go Deeper Than Hunter And Burisma
The Biden Admin’s Ties To Ukraine Go Deeper Than Hunter And Burisma Thomas Catenacci on March 24, 2022 A senior Biden administration official handling global energy policy recently held a high-level position…
Analysis-Putin moves on Donbass but signals deeper designs on Ukraine
By Mark Trevelyan – President Vladimir Putin has shifted the Ukraine crisis into a new, more dangerous phase with a barrage of words and actions that suggest his ultimate aims go far…
Problems Within The Loudoun County Attorney’s Office Run Deeper Than Its Handling Of Sexual Assault
Loudoun County Commonwealth’s Attorney is facing criticism that extends beyond her handling of sexual assault allegations in Loudoun County Public Schools (LCPS), Fox 5 DC reported. A county supervisor said the office,…
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