(Bloomberg) — Moody’s Investors Service said stress among Indian lenders may be “deeper and broader” than it thought, adding more risks to the already battered economy. “A deeper and more prolonged credit crunch would constrain” gross domestic …
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PARIS (Reuters) – Healthcare and clinical diagnostics company Novacyt announced more contract wins for its ‘Primerdesign’ product aimed at testing for the presence of the coronavirus, although the company suffered a minor setback in France. Novacyt said …
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SYDNEY — Australia’s central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quarter since the Great Depression. The Reserve Bank of Australia (RBA) left rates at …
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NEW DELHI: Stock markets ignoring rating changes is nothing new. Tuesday’s rally in domestic stocks was a redux of November 8, 2019, when the market had hit a record high after Moody’s changed India’s outlook to ‘negative’ from ‘stable’. Why?
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BENGALURU, June 2 (Reuters) – Indian shares clung to narrow gains on Tuesday as a surge in Kotak Mahindra Bank as well as retail and hotel stocks helped offset the broader impact of a ratings cut by Moody’s, citing slow economic growth. The NSE Nifty …
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