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...This week Vanke, a large state-backed developer based in Shenzhen, had its debt rating downgraded by Moody’s....
...Vanke, the second-largest developer in China by sales, is state-backed and had retained investment-grade ratings despite a wave of defaults in the sector since the 2021 collapse of China Evergrande....
...Mississippi has one of the highest poverty rates of any US state, according to the Census Bureau, and more than 15 per cent of its population experiences food insecurity, far above the national average of...
...Fitch Ratings cut its outlook on China’s long-term credit rating to negative on Wednesday, citing uncertain prospects for the economy as the country moves from its property-led growth model....
...The Better Business Bureau of Ontario gives BetterMed an “F” rating, saying it has received 12 complaints about the company in three years, 10 of which were never resolved....
...Affordability varies between states, too: Louisiana, Mississippi and Oklahoma all had credit-card-debt-to-median-income ratios of more than 10 per cent compared with the least stretched states of New Hampshire...
...And here’s what I’m keeping tabs on today and over the weekend: Economic data: The US Labor Department’s Bureau of Labor Statistics releases monthly import and export statistics and the University of Michigan...
...A commanding presence with a deep Mississippi accent, Jo Ellard wears a champion’s silver belt buckle from an Aspen riding competition and an enormous turquoise-encrusted necklace that, when I look close...
...Since 2021, just over a dozen Republican-led states have passed laws preventing state agencies from considering environmental or social factors in their investment decisions....
...Marc Filippino James Politi is the FT’s Washington bureau chief. Thanks, James. James Politi Thank you....
...On the afternoon of January 6, the third anniversary of his supporters’ assault on the US Capitol, Donald Trump travelled to a school gymnasium on the banks of the Mississippi River to ask voters to send...
...While inflation has sharply fallen from its June 2022 high, the pace of consumer price increases rose 3.7 per cent year on year in August, according to the Bureau of Labor Statistics....
...Marc FilippinoLauren Fedor is the FT’s deputy Washington bureau chief. Thanks, Lauren. Lauren FedorThanks, Marc....
...Everyone has been betting he will be leaving soon and he has managed, even despite his extremely low approval ratings....
...The risk of such restructuring has prompted some investment banks to reassess the ratings of state banks with high exposure to LGFVs....
...Josh Paul, a former civil servant in the political-military affairs bureau at State, resigned in protest in October and says there remains strong disagreement inside the government over Biden’s handling...
...Parts of that network are financially fragile: rating agency Standard & Poor’s estimated in June that the mainly state-owned distribution companies that supply consumers had accumulated losses of about $70bn...
...The Navigator poll showed that Biden’s approval rating improved by double digits, including by a sizeable 20 points among independents, when voters were told about his economic policies....
...According to a paper by the National Bureau of Economic Research, real hourly earnings for the lowest earners rose by 6.4 per cent between January 2020 and September 2022....
...Earlier in the week, we had Moody’s issuing a report warning that this could ultimately affect the credit rating for the US government....
...The rating agency Moody’s this week cut Pakistan’s sovereign credit rating by two notches to “Caa3”, saying the country’s “increasingly fragile liquidity and external position” had significantly raised the...
...And Germany’s finance minister tells our Berlin bureau chief we should remain calm over the startling rise in support for the far-right....
...Rome bureau chief Amy Kazmin takes a startling look at Italy’s “demographic winter”....
...They could also leverage their huge international bureau network to connect the dots between what’s happening in the US and the world. Of course that’s a lot to ask for in three minutes snippets....
...Morningstar, a data provider that also owns an ESG ratings business, said it has had to spend money to respond to political inquiries about its ESG practices....
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