Moody's Corp


  • DETROIT, Oct 9- Mediation for the last, and potentially one of the biggest, settlements in Detroit's historic bankruptcy case has moved to New York City, a Detroit spokesman said on Thursday, amid a newspaper report that a potential deal with Financial Guaranty Insurance Co is still days away. Nearly a month ago, Detroit struck a deal with another bond insurer,...

  • BRASILIA/ RIO DE JANEIRO, Oct 8- Brazil's annual inflation rate in September shot way above an official target to its highest in nearly three years, the latest economic blow for President Dilma Rousseff who is locked in a tight race for re-election against market-favorite Aecio Neves. Brazil has slipped into recession in the first half of the year and will barely...

  • Cooling housing prices a relief for Singapore banks Tuesday, 7 Oct 2014 | 6:34 PM ET
    Residential buildings stand in the Grange Road area of Singapore, on Saturday, Sept. 21, 2013.

    Falling property prices in Singapore have provided some much needed relief for the nation's banking sector, analysts told CNBC.

  • SAO PAULO/ BRASILIA, Oct 7- President Dilma Rousseff's strategy of slamming bankers and playing up class divisions may give her the edge in this month's election but it further strains relations with business leaders just as Brazil's stagnant economy badly needs fresh investment. The leftist incumbent, who led the first round of voting on Sunday and now faces...

  • Will the Hong Kong protests hit tourism? Friday, 3 Oct 2014 | 12:56 AM ET
    A man walks past shuttered stores as a pro-democracy protest gathers on Nathan Road, a major route through the heart of the Kowloon district of Hong Kong, on September 29, 2014.

    Despite handwringing over how badly protests will hit Hong Kong tourism, it isn't clear whether the turmoil is keeping mainland tourists away.

  • New plans to clean up China's long-feared local government debt will bring near-term pain, but a longer-term fix may be in sight, analysts say.

  • Chinese banks shun depositors as rules bite Wednesday, 1 Oct 2014 | 7:45 PM ET

    China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.

  • More China, Japan data on tap this week Sunday, 28 Sep 2014 | 6:33 PM ET

    As the third-quarter comes to an end, key economic data will offer investors a look into how Asia's largest economies fared during the past month.

  • U.S. public pension gap at least $2 trillion -Moody's Thursday, 25 Sep 2014 | 5:44 PM ET

    Sept 25- The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said in a report on Thursday. The gap has widened in spite of the fact that average investment returns over about the same period were 7.45 percent, roughly in line with targets, according to the Wall Street credit rating agency.

  • UPDATE 1-S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 5:01 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.

  • S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 4:42 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.

  • The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.

  • Sept 23- Moody's Investors Service said it may review the credit implications for pending tax-inversion deals in the healthcare and pharmaceutical sector if U.S. Affected companies include Medtronic Inc, Mylan Inc, Salix Pharmaceuticals, Auxilium Pharmaceuticals and AbbVie Inc..

  • PBOC sends 'strong signal' of rate cut cycle Friday, 19 Sep 2014 | 12:17 AM ET

    The People's Bank of China (PBoC) eased short-term borrowing costs for banks on Thursday, a "strong signal" that a rate cutting cycle is near.

  • Indebted Chinese firms face off with ratings agencies Thursday, 18 Sep 2014 | 7:19 PM ET

    Chinese companies hounded by debt obligations accrued over the past few years are grappling with global ratings agencies.

  • OTTAWA/ LONDON, Sept 18- Canada, one of the harshest critics of Russia's involvement in Ukraine, this week quietly cancelled sanctions against Expobank and RosEnergoBank, two small Russian banks on which it imposed the measures earlier this year.

  • BEIJING, Sept 18- China's new home prices fell in August for a fourth straight month and declines spread to a record number of cities, underlining a deepening downtrend in the property market that is increasingly weighing on the broader economy.

  • Is this the China stimulus we've been waiting for? Tuesday, 16 Sep 2014 | 10:23 PM ET
    Chinese RMB banknotes are arranged for a photograph. After a five-month slide, the Renminbi seems to be coming back and China is encouraging RMB and Chinese banks to become more global.

    Following reports that the PBoC will provide hefty liquidity injections for its banks, some analysts say something bigger is round the corner.

  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

  • BRASILIA, Sept 9- Brazilian President Dilma Rousseff has recovered ground and would be tied in popular support with opposition politician Marina Silva in a runoff vote in October, a new poll showed on Tuesday, though a festering corruption scandal threatens to complicate Rousseff's re-election bid.