Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.» Read More
BANGKOK, June 12- As Thailand's junta tries to pull the economy back from the verge of recession, the generals have a significant advantage over the government they ousted- the country's banks are prepared to lend them money, and cheaply too.
A surge in business loans to the slowing mainland Chinese economy has prompted Hong Kong regulators to impose strict financial rules.
SEOUL, June 9- South Korea's economy has proved highly immune to market turmoil elsewhere and will maintain a "breakout" growth pattern over five years to catch up with Japan and France in per-capita income in purchasing-power terms, Moody's said on Monday.
SAO PAULO, June 5- A surge in non-performing loans at Brazil's state-run banks that began in the second half of 2013 is likely to intensify in coming quarters, reinforcing the need to set aside more money to cover potential losses, Moody's Investors Service said on Thursday.
A federal judge ruled that litigation accusing S&P of inflating credit ratings before the 2008 financial crisis belongs in state courts.
NEW YORK, June 3- Standard& Poor's suffered a defeat Tuesday in litigation accusing it of inflating credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court.
June 3- Moody's Investors Service said Illinois could face a structural deficit as the U.S. state failed to extend income tax rates that ended on Dec. 31. Moody's said the failure to extend the tax rates would reduce the state's revenue by an estimated $1.8 billion in the year starting July 1.
Beneath Malaysia's investment-grade sovereign rating is a risk posed by a $14 billion investment fund that is not generating enough to cover interest.
SINGAPORE/ HONG KONG, June 2- Lurking beneath Malaysia's solid investment-grade sovereign rating is a risk posed by a $14 billion investment fund that is not even generating enough cash from operations to cover interest costs.
May 28- Private-equity firm Energy Capital Partners has hired banks to explore a sale or initial public offering of its power-generation unit Equipower Resources Corp, the Wall Street Journal reported, citing people familiar with the matter.
HONG KONG, May 28- China's push for a municipal bond market could increase the pressure on those provinces already struggling to fund massive debt piles, effectively creating a two-tier market dominated by its major cities and financially strong regions.
Thailand's economy was already struggling before the country's military seized power in a bloodless coup Thursday, saying it needed to restore order after six months of protests aimed at ousting the elected government.
But Christie's lowered revenue projections- $2.75 billion through the end of fiscal 2015- highlight a deeper problem: While its neighbors and the rest of the nation have slowly but steadily recovered from the Great Recession, New Jersey has flatlined.
Moody's joined the drumbeat of pessimism on China property, cutting its view to negative, but it expects many developers' finances to remain stable.
Few employment options drove Filipino Ben Dominguez to Singapore in 2007. He now sends home over 30,000 pesos monthly, which raises his family.
BEIJING/ BANGALORE, May 15- As China's economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they've already sold, leading to record amounts of receivables- and potential write-offs- on corporate balance sheets.
The euro steadied against the dollar on Wednesday and rebounded from a 16-month trough against the British pound.
Treasury Secretary Timothy Geithner must hand over documents to Standard and Poor's relating to the ratings agency's claim that the United States sued it in retaliation for downgrading government debt.
May 13- Moody's Investors Service downgraded New Jersey's debt to' A1' late on Tuesday, making it the last of the three big Wall Street credit rating agencies to cut the state's bonds to single-A because of a large, unpredicted revenue shortfall and other fiscal pressures.
A confrontation may be on the cards between India's prominent central bank chief and the Bharatiya Janata Party (BJP).