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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The Hong Kong Exchange Building. Vincent Isore | IP3 | fake pictures Initial public offerings (IPOs) in Greater China increased in the first half of this year, offsetting declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in Greater China increased by …
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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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California, Michigan and New York City became the last areas on Wednesday to halt some aspects of their reopening efforts as new cases increase across the country. Amid the surge, President Donald Trump said it is “all for masks,” but he does not believe the United States needs a national …
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