Indonesia’s plan for a Singapore rival starts to take shape
Indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but analysts say the…
Fitch says sustained reserve buildup key for Türkiye rating upgrade
Fitch Ratings said on Tuesday Türkiye’s economy has remained resilient despite heightened geopolitical uncertainty, with sustained improvements in…
Nigeria draws $1.5bn UAE loan despite IMF concerns
The Federal Government has drawn down $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’…
Fitch upgrades SA for the first time in 21 years
Fitch Ratings upgraded South Africa’s long-term credit rating on Friday afternoon.
Mike Kemp/In Pictures via Getty…
Chasing billions: Indonesia’s commodity export crackdown sows confusion
Indonesia lost nearly US$1 trillion in resource wealth over a 34-year period due to deceptive trade practices, President…
Fitch upgrades Türkiye outlook to positive, keeps BB- rating
Fitch Ratings on Friday raised Türkiye’s outlook to positive from stable while maintaining its long-term foreign-currency credit rating…
Property industry remains an enemy within for Beijing’s economic targets
The slumbering property sector remains a threat to China’s economic growth because of its huge impact on the…
China to hide bad debt records for pandemic-hit borrowers who repay small loans
China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their…
UK bulk annuity market cools in H1 2025, Fitch says
The UK bulk annuity market is dominated by a handful of large players, including Legal & General, Aviva,…
France credit downgrade: Fitch cuts rating to A+ from AA- in a record low; political turmoil clouds debt outlook
File photo: French President Emmanuel Macron (Picture credit: AP) France’s sovereign credit rating has been cut by Fitch…
US corporate defaults on private debt rose in Q2, Fitch says
By Matt Tracy (Reuters) -U.S. corporate issuers defaulted on privately placed debt at a higher rate in the…
As US’ effective tariff rate rises to 17%, analysts say China has an opportunity
The United States has become one of the most protected markets in the world, with its effective tariff…