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2019/06/15 10:43
Andrea Enria, Chair of the Supervisory Board of the European Central Bank (ECB), said European banks still see a huge number of unpaid loans and some borrowers declare default. Equally, NPLs continue to flood into the European banking system along with rising default rates, foreign media reported.~AAStocks Financial NewsWeb Site...
2019/06/15 10:29
Moody’s lowered Turkey’s sovereign credit rating into junk territory, given higher risks of balance of payments crisis and government default.Turkey's rating was downgraded from Ba3 to B1, with an unchanged negative outlook.~AAStocks Financial NewsWeb Site:
2019/06/15 10:22
India intends to enact higher tariffs on certain American goods, including almonds, walnuts and apples. However, the small value of products would lead to an impact of about US$220 million only, Reuters citing sources familiar with the matter.The country's Ministry of Commerce and Industry have not made any comment in respon...
2019/06/15 09:56
Kevin Hassett, Chairman of the White House Council of Economic Advisers, maintained the 2019 US economic growth forecast at 3%, according to a CNBC interview.Further, the Federal Reserve Bank of New York raised the US economic growth forecasts to 1.36% and 1.7% (from 1.01% and 1.31%) for 2Q19 and 3Q19, respectively.The Federal R...
2019/06/15 09:46
US President Donald Trump slammed Fed Chairman Jerome Powell again in an ABC interview, accusing the latter of hindering further economic expansion.Trump said the market would have been much stronger if the Fed did not raise interest rates so much.~AAStocks Financial NewsWeb Site:
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