Tag: fitch ratings
-
Stocks slide on Fitch warning about U.S. debt
Stock markets slid Tuesday after Fitch ratings agency warned it might downgrade U.S. government debt and new figures showed Germany’s economy contracted last quarter. The Dow Jones industrial average and the broader Standard & Poor’s 500 index were about 0.3% lower in late morning trading. The tech-laden Nasdaq composite index was down more than 0.6%. […]
-
Philippines launches 25-year global bond offer
MANILA, Jan 4 (Reuters) – The Philippines launched a 25-year, dollar-denominated global bond issue of at least $700 million, a source said on Wednesday, as Manila hopes to take advantage of improved investor risk appetite after global markets began the year with a rally. The exact size of the offer would depend on the bookbuilding […]
-
Euro stalled as investors waiting for Greece verdict
According to Reuters, euro clung to small gains on Tuesday as market players bet the euro zone will cobble together a plan to prevent Greece from defaulting on its debt, though its advance could stall ahead of a confidence vote on the government in the Greek parliament. The euro was lifted by short-covering after Klaus […]