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...record of politically driven policy reversals, mean that policymakers could struggle to sustainably rebuild investor confidence, reduce macro-financial stability risks and ease external vulnerabilities,” Fitch...
...Fitch also indicated that its outlook is “positive” suggesting further increases could come in the future....
...Both S&P Global Ratings and Fitch Ratings increased their outlook on Turkey’s credit rating to “stable” in September as a result of the new economic policy, although it remains well within junk territory...
...So this kind of complete reversal was unexpected,” says Paul Gamble, head of emerging Europe sovereign ratings at Fitch....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...But what’s really important is the timing and sequencing of policy measures . . . because there are so many moving parts in this adjustment,” Fitch’s Arispe said....
...Turkey’s large current account deficit, which hit a record $24bn in the first quarter of this year, was also a “big issue”, said Erich Arispe, a senior director at Fitch Ratings, another of the leading credit...
...Fitch Ratings told the Financial Times this week that pressure on foreign currency reserves increased as the government took a strongly pro-growth approach before the elections, and because these assets...
...“A good retail sales report will make the Fed less worried about recession risk and keep them focused on controlling inflation,” said Bill Adams, chief economist for Comerica Bank....
...UK motor insurer Direct Line has poached Adam Winslow, a senior executive at rival Aviva, to be its new CEO....
...several countries including Chile, Greece, Italy and Lebanon VJ day, the date that Japan surrendered to allied forces, ending the war in the Pacific and bringing the second world war to an end UK: the Adam...
...Moscow will have a 30-day grace period to make the payments in dollars, but if it fails to do so, it would be considered a default, according to Fitch....
...Ratings group Fitch said the troubles at Tether and TerraUSD “highlight the fragile nature of private stablecoins, and will accelerate calls for regulation”....
...Russia still holds an investment grade status both with Moody’s and Fitch. Russia’s financial markets were roiled this week after Vladimir Putin ordered a full-scale invasion of Ukraine....
...In a sign of how abruptly western investors’ view of Moscow has changed, Russia was rated investment grade at Fitch, S&P Global and Moody’s Investors Service — the three main rating agencies — up until February...
...Revolution Beauty has appointed City veteran Bob Holt to replace co-founder Adam Minto as chief executive, who departed the role in September when auditors highlighted “serious concerns” about the group’...
...Adam Posen, president at Peterson Institute: Worse....
...The rating agency Fitch, which earlier this month changed its outlook on Turkey to “negative”, voiced concern over an announcement at the start of December that the central bank would resume interventions...
...“If you’re an economy in the southern hemisphere with a lot of foreign currency debt, the Fed’s tightening really spells trouble,” said Adam Posen, president of the Peterson Institute for International Economics...
...“This is the most worrying housing market outlook since 2007-2008, with markets poised between the prospect of modest declines and much steeper ones,” says Adam Slater, lead economist at Oxford Economics...
...Adam Samson can be reached at adam.samson@ft.com or on Telegram @adamsamsonFT....
...Rating agency Fitch has also added its voice to a growing chorus of warnings....
...As HNA’s restructuring was wrapped up earlier this year, the conglomerate’s top two executives — Chen Feng and Adam Tan — were arrested....
...Fitch also stated that Kaisa, another heavily indebted developer, was in restricted default. 4....
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