In a double blow for Mexico, credit ratings agency Fitch downgraded the nation&#...
MEXICO CITY - In a double blow for Mexico, credit ratings agency Fitch downgraded the nation’s sovereign debt rating on Wednesday, citing risks posed by heavily indebted oil company Pemex and trade tensions, while Moody’s lowered its outlook to negative.
Following a surge in mostly Central American migrants arriving at the U.S. border, Trump threatened blanket tariffs on Mexican imports if it did not do more to stem the flow. “Further evidence that medium-term growth is in decline, whether as a result of policies that actively undermine growth or because of continued policy unpredictability, would put downward pressure,” Moody’s said in a statement.Lopez Obrador has said the ratings agencies were punishing Mexico for the “neo-liberal” policies of previous administrations.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Would Consider Interest-Rate Cuts if Growth Outlook DarkensFederal Reserve Vice Chairman Richard Clarida said the U.S. economy remains “in a very good place” but indicated the central bank would consider interest-rate cuts if economic data revealed a risk of a sharper slowdown than officials expect.
Read more »
Salesforce Raises Earnings OutlookSalesforce.com raised its full-year earnings outlook after the business-software company said it delivered record revenue in the latest quarter.
Read more »
Navistar's stock jumps after profit and revenue beat by wide margins, outlook raisedShares of Navistar International Corp. jumped 2.9% in prmarket trade Tuesday, after the maker of commercial and military trucks and diesel engines reported fiscal second-quarter earnings and revenue that rose above expectations, and lifted its full-year outlook. For the quarter to April 30, the company swung to a net loss of $48 million, or 48 cents a share, from a profit of $55 million, or 55 cents a share, in the year-ago period. Excluding non-recurring items, such as a one-time charge of $159 million to address a legal class action settlement, adjusted net income rose to $105 million from $67 million, which based on 99.2 million weighted average diluted shares outstanding equates to earnings per share of $1.06. The FactSet EPS consensus was 69 cents. Revenue rose 24% to $3.00 billion, above the FactSet consensus of $2.70 billion, as truck sales grew 35% to $2.3 billion and parts sales slipped 4% to $579 million. For fiscal 2019, the company raised its revenue guidance range to $11.25 billion to $11.75 billion from $10.75 billion to $11.25 billion, which compares with current expectations of $10.98 billion. The stock has rallied 19.9% year to date through Monday, while the Dow Jones Industrial Average has gained 6.4%.
Read more »
The Ins and Outs of Cybersecurity InsurancePolicies are designed to help companies survive major cyberattacks. But knowing exactly what’s covered can be tricky.
Read more »
US Treasury yields tick lower as investors digest Powell commentsU.S. government debt prices traded mostly higher on Wednesday as investors digested comments from Federal Reserve Chair Jerome Powell.
Read more »
US Treasurys tick lower as investors await economic data, auctionsU.S. government debt prices were higher Monday morning, as intensifying trade tensions prompted investors to load up on traditionally safer Treasurys at the expense of equities.
Read more »
Tech selloff sends Wall St. lower, Nasdaq enters correctionThe three major U.S. stock indexes declined on Monday and Nasdaq confirmed it wa...
Read more »
Get set for U.S. bond yields to skid much lower, warns J.P. MorganOur call of the day comes from J.P. Morgan, which has lowered the bar on how low the yield on the 10-year Treasury note could go. That’s as investors move...
Read more »
Goldman lowers U.S. growth view, sees higher rate cut chances on 'trade war'Goldman Sachs Group Inc analysts on Sunday downgraded their second-quarter econo...
Read more »
Donald Trump's popularity in the U.K. remains far, far lower than Barack Obama'sBritons have an overwhelmingly unfavorable view of President Donald Trump, with recent polls showing only 21 percent have a positive opinion of the U.S. leader.
Read more »