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Tag Archives: #politics

Announcement: Moody’s: Hong Kong banks face rising private sector debt and high property prices; outlook negative

  Moody’s Investors Service says material imbalances in Hong Kong’s (Aa2 stable) economy, including accommodative monetary conditions, rising corporate and household debt, and inflated property prices are weighing on banks’ credit profiles. These factors underpin Moody’s negative outlook for the Hong Kong banking system over the next 12-18 months. “Despite …

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Announcement: Moody’s changes outlook for China’s banking system to stable from negative 

  Moody’s Investors Service has revised its outlook for China’s banking system to stable from negative. “The revision reflects our expectations that nonperforming loan formation rates will be relatively stable at current levels,” says Yulia Wan, a Moody’s Assistant Vice President and Analyst. Moody’s points out that by comparison, the …

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FX/RATES DAYBOOK EUROPE: Aussie Slumps as CPI Misses Estimates, By Chikafumi Hodo

    (Bloomberg) —  Australia’s dollar slumped against most major peers as consumer prices miss estimates and RBA Governor Philip Low reiterated that the central bank doesn’t need to follow other major peers in turning hawkish. TODAY UK GDP France Consumer Confidence NOTE: FOMC releases its policy statement and interest rate decision …

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Saudi Arabia Cuts Oil Exports as OPEC Looks to Stem Crude-Price Slide, By  Georgi Kantchev,   Nathan Hodge and   Benoit Faucon

Country’s energy minister blasts cartel members for ‘overproducing’  ST. PETERSBURG, Russia—Internal discord among OPEC members and big oil-producing allies spilled into public view Monday as the group struggles with its efforts to raise prices for crude. Until now, the Organization of the Petroleum Exporting Countries had largely blamed low prices on U.S. …

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