Fitch Ratings News
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Updated 38 minutes ago
China’s one-year interest-rate swap rose by the most in five years as the central bank refrained from adding funds to the financial system to ease a cash squeeze, causing demand to fall at a government debt auction.
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Updated 29 minutes ago
An Indian Finance Ministry panel has recommended easing foreign investment rules in more than a dozen industries to help fund a record current-account gap, according to three government officials with knowledge of the matter.
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International investors sold South Korean stocks for the ninth day, the longest losing streak in two months, helping drag the benchmark Kospi index down the most in a week.
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Overseas funds are raising holdings in India’s state-controlled companies to a two-year high as Prime Minister Manmohan Singh’s government sells stakes and attracts investments to revive the weakest economy in a decade.
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- Kenya’s credit rating is constrained by weak government finances and rising debt levels, Moody’s Investors Service said.
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Updated 2 hours, 24 minutes ago
Liberty Global Plc made a preliminary bid for Kabel Deutschland Holding AG, pitting the cable company controlled by John Malone against Vodafone Group Plc for control of Germany’s largest cable provider.
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Updated 1 hour, 24 minutes ago
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
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State Bank of India, the nation’s largest lender, said profit from sale of investments will see a “substantial” jump after the rupee’s plunge prompted the company to accelerate selling its government debt holdings.
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China’s one-year interest-rate swap jumped the most since August 2011 as the central bank refrained from adding cash to the financial system amid concern housing costs are climbing too fast.
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Updated 2 hours, 40 minutes ago
Croatia’s government is doing what’s necessary to return to economic growth for the first time since 2008 as the Balkan nation gears up to become the European Union’s 28th member, central bank Governor Boris Vujcic said.
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