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FITCH
Indian banks better placed than APAC peers: Fitch on West Asia woesIndia's banking sector is resilient against the economic impact of the US-Israel conflict with Iran, according to Fitch Ratings. While othe...- Despite geopolitical crisis, India's economic fundamentals and strategic partnerships will sustain growth: World BankIndia's economy shows strong growth potential. The World Bank believes this momentum will continue. Investments in people and businesses ar...
- Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economyFitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow eco...
- Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
- Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of HormuzA fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. Indi...
- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
- Extreme weather to drive $20 trillion in global spendingAnalysts note that companies involved in environmental adaptation and mitigation have already outperformed the broader market significantly.
- Asia rice surges 20% in May as war and weather threaten outputAsian rice prices experienced their largest monthly surge in nearly two decades in May, driven by weather risks and escalating energy and f...
- Gap, American Eagle fall as brand troubles weaken annual forecastsThe results underscore a widening split in consumer spending, with record-low sentiment driven by the Iran war forcing lower-income househo...
- US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pausesUS stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Bank...
- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
- HSBC job cuts: CEO shares big update on lay offs possibility, message for employees on AI issueHSBC recently launched a dedicated $4 billion credit facility to support the global expansion of mainland Chinese companies.
- Battery storage firms eye AI demand but face grid, supply hurdlesAmerican battery storage companies are experiencing high demand from AI data centers. However, long waits to connect to the power grid and ...
- India's rice export rates stagnant as market faces slow demandThailand's rates are climbing as millers hold back supply amid stronger domestic interest. Meanwhile, Bangladesh faces soaring prices and p...
- I-Beauty! After J, K and C, now it's India's turn in the big beautiful marketIndia's beauty industry is emerging as a global force, blending Ayurvedic heritage with modern science to create "I-beauty." With rising ex...
- Rupee's rough patch worsens on oil, outflow strain; central bank likely steps inThe rupee and other currencies of oil-importing countries have been among the hardest hit following a near 50% surge in Brent crude prices ...
- Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boilThe rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in ...
- Iran war, fading tax boost may slow India’s growth to 6.7% in FY27: BMIIndia's economic growth is set to slow in the upcoming fiscal year. This slowdown is attributed to the diminishing impact of recent tax cut...
- Indian banks well-placed to transition to expected credit loss provisioning, Fitch saysIndian banks are well-prepared for the new expected credit loss framework. Fitch Ratings confirms sufficient capitalisation. The framework ...
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