Fitch downgraded to junk On June 6, Fitch Ratings downgraded both Pemex Long-Term Foreign- and Local-Currency Issuer Default Ratings by two notches to BBB-, one step above the non-investment grade segment....
Read MoreEconomies: United States Trade tensions resurfaced this month, with the US raising tariffs on USD 200bln worth of Chinese made goods. China retaliated by raising tariffs on USD 60bln of US items...
Read MoreEconomies: United States US GDP grew at a rate of 3.2% in the first three months of 2019. The figure was well above what the consensus expected, dissipating concerns that a slowdown...
Read MoreEconomies: United States Non-Farm payrolls strongly disappointed this month as the actual job growth of 20’000 came short of analyst expectations of 120’000. On the international trade front, a trade deal between...
Read MoreEconomies: United States Much of investors’ attention was centred on trade talks between the US and China. Citing “substantial progress” in negotiations, the US President took the decision to delay a tariff...
Read MoreResults for Q3 FY 2019 Jaguar Land Rover Automotive plc, wholly owned by India based Tata Motors, is the UK’s largest vehicle manufacturer and has reported financial results for the three-month...
Read MoreEconomies: United States After a disastrous December, 2019 started on a brighter note. Equity markets rallied strongly and the 35 days long US government shutdown, which was the longest in US history...
Read MoreOne step closer to junk On January 29, Fitch Ratings downgraded both Pemex Long-Term Foreign- and Local-Currency Issuer Default Ratings by two notches to BBB-, one step above the non-investment grade...
Read MoreThe last quarter of 2018 was disastrous for most risk assets. Everything from equities to commodities experienced a correction. Senior bank capital was no exception and we believe the risk/return...
Read MoreEconomies: United States The President and Congress failed to agree on a new spending package, causing the US Federal Administration to partially shut down. Standard & Poor’s estimated the shutdown would cost...
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