Moody’s, international agency, reports: the proportion of defaults among companies with a speculative grade level fell in 2018 to 2.3%. At the end of the third quarter, the indicator was 2.8%. At the beginning of 2019, the downtrend will continue, but by the end of this year the share of companies' defaults will increase to 3%. A slowdown in economic growth, a change in credit conditions and an increase in the cost of loans will foremost affect the growth in number of defaults. Only in December 2018, 10 companies declared defaults, and during the entire fourth quarter - 17 companies. The year 2018 ended with 77 declarations of default, most of the companies worked in the retail and oil and gas industry.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Global shares advanced on Monday after an unexpected recovery in U.S. employment. This made investors optimistic that global economies could recuperate faster than previously thought. Oil prices fell flat after OPEC and its allies, including ...
Emirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debtEmirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debt to alleviate the damage ...
Gold prices fell on Tuesday morning in Asia after some countries eased on quarantine measures and reopened their economies. Gold futures slid by 0.52% at $1,704.40 per ounce at 12:37 AM ET (5:37 AM GMT) after Italy and several U.S. states ...