Moody’s move increases pressure on the government to do more to support markets Confidence in Chinese assets could deteriorate further, analysts said Beijing’s moves to boost the economy and markets have so far had only a modest impact SHANGHAI/HONG KONG, Dec 6 (Portal) – Moody’s negative outlook on China has intensified Beijing’s battle against market … [Read more…]
[1/2]A Chinese national flag flies at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing, November 24, 2014. Portal/Kim Kyung-Hoon/File Photo ACKNOWLEDGE RIGHTS Dec 5 (Portal) – Ratings agency Moody’s cut its outlook for the Chinese government’s credit rating … [Read more…]
28 minutes ago Tech companies are still recovering from an era of low interest rates, according to Bank of America According to Bank of America’s technology, media and telecommunications team, the technology sector is still feeling the effects of the period when real interest rates were below 1%. The company said that the waning effects … [Read more…]
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s Investors Service on Friday cut its rating outlook for the U.S. government to negative from stable, citing rising risks to the country’s financial strength. The rating agency has affirmed the US’s long-term issuer and senior … [Read more…]