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2 mins read
Fitch expects RBI to cut interest rates by 75 basis points in FY25
The Indian central bank is expected to cut interest rates to the tune of 75 basis points in FY25, b…
2 mins read
Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'
Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…
PTI
2 mins read
Emerging-market capital inflows soar to a decade high, expected to reach $200 bn in 2024
The anticipated increase is attributed to several factors including higher growth prospects in emer…
ANI
1 min read
Immigration has helped the hot US economy and labor market, but there's a risk of oversupply, Fitch says
The surge of immigration into the US is supporting the blowout jobs market, but eventually that cou…
Filip De Mott
1 min read
The US housing market is slowly thawing, but 91% of homes are still overvalued, Fitch says
"High mortgage rates and elevated home prices, which aggravate the affordability issue, continue to…
Filip De Mott
2 mins read
The looming office-real-estate crash will be worse than the Global Financial Crisis decline, Fitch says
Office values have dropped an estimated 35% this cycle and have yet to bottom out, Fitch Ratings sa…
Filip De Mott
2 mins read
India eyes economic gains as China's stimulus fuels surge in global mining demand
As projected by Fitch Ratings, the neutral sector outlook is buoyed by significant government spend…
ANI
2 mins read
TCS revenue growth to slowdown in FY24: Fitch Ratings
Credit rating agency Fitch Ratings on Thursday said Tata Consultancy Services Limited's (TCS) reven…
1 min read
Sri Lanka okays Adani's USD 442-millon wind power plants in Mannar and Pooneryn
Green Energy Limited, for the two wind power plants. Also, the new project will generate 1,500-2,00…
ANI
2 mins read
A dilapidated castle built by an Abercrombie & Fitch cofounder is on sale for $2.9 million
David T. Abercrombie built a 4,337-square-foot castle in New York in 1927. Now, it's on sale for $2…
Samantha Grindell
1 min read
Fitch Ratings: Indian banks' viability ratings set to flourish amid improved conditions
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelle…
ANI
2 mins read
Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says
Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points …
Filip De Mott
2 mins read
Former Abercrombie & Fitch boss accused of exploiting men for sex
The BBC spoke to eight men who attended events hosted by Mike Jeffries and his partner Matthew Smit…
Tom Carter
3 mins read
Risk to India's sovereign rating from external pressures is limited: Fitch
The risk to India's sovereign rating from external pressures is limited, said Fitch Ratings on Wedn…
4 mins read
'Abercrombie & Fitch is cool again': A WallStreetBets post from 2 years ago nailed the clothing retailer's 305% meme-stock spike
At the time of the Reddit post, Abercrombie & Fitch stock traded at just over $32 per share, which …
Matthew Fox
2 mins read
Nifty, Sensex close a percent in the red after last hour of comeback
Indian stock markets plunged in early morning trade following cues from Wall Street as rating agenc…
1 min read
Home prices may pick up speed after the Fed cuts rates with 88% of the housing market still overvalued, Fitch says
"This will continue to impact affordability, particularly for entry-level and first-time homebuyers…
Filip De Mott
3 mins read
‘Confident’ Indians might splurge on big-ticket items in 2024
The ghost of the pandemic is now a thing of the past. Consumer confidence index which hit a five-ye…
1 min read
Stocks fall as Fitch's downgrade of US debt rating rattles confidence
Fitch downgraded the long-term outlook for the US from AAA to AA+ on Tuesday, pointing to "expected…