Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year, and the agency is not yet done as the coronavirus pandemic affects government finances. James McCormack, global head of sovereign ratings at Fitch, said the agency has placed the credit ratings of 40 countries …
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Flags of the USA and China along Pennsylvania Avenue in Washington, DC on January 17, 2011. Andrew Harrer | Bloomberg | fake pictures The exclusion of Chinese companies from the US stock exchanges is “a futile push” that will not deny these companies access to US capital markets or harm …
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When Apple closed its retail stores worldwide amid the coronavirus pandemic, a handful of outlets were exempt, including its six Hong Kong locations. In fact, much of Hong Kong has felt relatively normal this year compared to its peers, who enacted strict blocking measures. Since its first confirmed Covid-19 case …
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The Asian economy is expected to shrink this year “for the first time in memory,” said the International Monetary Fund, warning that the region could take several years to recover. The fund said in a blog post published Tuesday that the Asian economy is likely to contract 1.6% this year, …
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Members of a local electoral commission empty a ballot box at a polling station after a national vote on constitutional reforms in Moscow on July 1, 2020. ALEXANDER NEMENOV The Russians have voted overwhelmingly in favor of changes to the country’s constitution that allow President Vladimir Putin to potentially remain …
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