Bank Downgrades
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World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
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PNB's Viability Rating Down, Says Credit Rating Agency
Fitch Ratings has downgraded the viability rating (VR) of state-owned Punjab National Bank (PNB) to 'b' from 'bb-' and maintained it on rating "watch negative" (RWN).
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Moody's Places PNB Under Review For Downgrade
These fraudulent transactions represent a contingent liability and the financial impact will be determined by the relevant laws. Nevertheless, we expect PNB will need to provide for at least a substantial portion of the exposure, says Moody's
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'Pessimists Are Going Global': Rahul Gandhi On PM Modi Jab
After the International Monetary Fund and World Bank downgraded India's growth forecast in their latest reports, Congress vice president Rahul Gandhi said "pessimists" who criticise the government's policies are not only confined to the country.
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RBI Keeps Repo Rate Unchanged, Downgrades Growth Forecast
The Reserve Bank of India (RBI) cut its growth forecast (GVA) for the year. The central bank had in August projected gross value added growth of 7.3 per cent for 2017-18.
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Standard & Poor's Downgrades Greece to Just Above Default Vulnerable
Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.
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Tropical Storm Arthur Hits Eastern Canada, Causes Power Outages
Arthur was downgraded to a tropical storm early Saturday, but its near-hurricane strength winds delivered a powerful hit to Canada's Maritime provinces after brushing past North Carolina's precariously exposed Outer Banks on the Fourth of July, causing far less damage than feared.
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US markets plummet: Dow Jones falls 600 points in manic Monday sell-off
Wall Street stocks plummeted on Monday as skittish investors, already concerned about the economy, struggled to work out the implications of an unprecedented downgrade of the United States government's credit rating, and sought safer places to put their money.The declines, coming in the first opportunity for investors to sell since Standard &a...
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World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
-
PNB's Viability Rating Down, Says Credit Rating Agency
Fitch Ratings has downgraded the viability rating (VR) of state-owned Punjab National Bank (PNB) to 'b' from 'bb-' and maintained it on rating "watch negative" (RWN).
-
Moody's Places PNB Under Review For Downgrade
These fraudulent transactions represent a contingent liability and the financial impact will be determined by the relevant laws. Nevertheless, we expect PNB will need to provide for at least a substantial portion of the exposure, says Moody's
-
'Pessimists Are Going Global': Rahul Gandhi On PM Modi Jab
After the International Monetary Fund and World Bank downgraded India's growth forecast in their latest reports, Congress vice president Rahul Gandhi said "pessimists" who criticise the government's policies are not only confined to the country.
-
RBI Keeps Repo Rate Unchanged, Downgrades Growth Forecast
The Reserve Bank of India (RBI) cut its growth forecast (GVA) for the year. The central bank had in August projected gross value added growth of 7.3 per cent for 2017-18.
-
Standard & Poor's Downgrades Greece to Just Above Default Vulnerable
Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.
-
Tropical Storm Arthur Hits Eastern Canada, Causes Power Outages
Arthur was downgraded to a tropical storm early Saturday, but its near-hurricane strength winds delivered a powerful hit to Canada's Maritime provinces after brushing past North Carolina's precariously exposed Outer Banks on the Fourth of July, causing far less damage than feared.
-
US markets plummet: Dow Jones falls 600 points in manic Monday sell-off
Wall Street stocks plummeted on Monday as skittish investors, already concerned about the economy, struggled to work out the implications of an unprecedented downgrade of the United States government's credit rating, and sought safer places to put their money.The declines, coming in the first opportunity for investors to sell since Standard &a...
