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Fitch keeps India rating, flags high debt, US tariff risks
Aug 25 (Reuters) - Credit-rating firm Fitch maintained India's sovereign rating at 'BBB-' on Monday, citing levels of fiscal deficits and debt that are still high, crushing the government's hopes for a lift in ratings by all three major providers.This month, S&P upgraded India to...Reuters
an hour ago
Fed Chair Powell pivots to cutting mode – ING
Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount for a rate-cutting phase ahead. It's had quite the reaction. Risk assets are up, the dollar down, so's the front-end yield.Fxstreet
an hour ago
China screened 600 million for disease, keeping up COVID-era controls
BEIJING, Aug 25 (Reuters) - Chinese customs screened 600 million people at international ports for infectious diseases over the past five years, officials said on Monday, while pledging to refine containment protocols that became a hallmark of Beijing's zero-COVID policy. Customs officials detec...Reuters
3 hours ago
Fitch Affirms India At 'BBB-'; Outlook Stable
Aug 25 (Reuters) - FITCH AFFIRMS INDIA AT 'BBB-'; OUTLOOK STABLEFITCH ON INDIA - FORECAST GDP GROWTH OF 6.5% IN FISCAL YEAR ENDING MARCH 2026 (FY26)FITCH - INDIA'S RATINGS ARE SUPPORTED BY ITS ROBUST GROWTH AND SOLID EXTERNAL FINANCESFITCH ON INDIA - US TARIFFS ARE A MODERATE DOWNSIDE RI...Reuters
4 hours ago
Behind the Rate Cut Frenzy: Is the Market Misreading Powell’s “Precautionary” Signal?
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium was widely interpreted as a clear signal that a September rate cut is all but certain, sending U.S. equities to new highs.TradingKey
4 hours ago
EUR/GBP softens to near 0.8650 amid no progress on Russia-Ukraine peace deal
The EUR/GBP cross loses ground to around 0.8660 during the early European session on Monday. A slew of better-than-expected UK economic data provides some support to the Pound Sterling (GBP) against the Euro (EUR).
Fxstreet
5 hours ago
India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index
CPI revamp in 2026 to cut food weight, add digital servicesGovernment to use e-commerce, ride-hailing data for price trackingServices Production Index to launch mid-2026, quarterlyGDP base year shifting to 2022-23, release due Feb 2026By Shubham Batra NEW DELHI, Aug 25 (Reuters) - India will sta...Reuters
5 hours ago
PRESS DIGEST - Wall Street Journal - August 25
Aug 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Keurig Dr Pepper KDP.O has struck a deal to buy Peet's Coffee owner JDE Peet's JDEP.AS for $18 billion, a prelude to spinning off it...Reuters
6 hours ago
ECB’s Kazaks says central bank can watch economy with rates in good place
The European Central Bank (ECB) Governing Council member Martins Kazaks said that the ECB has entered a new monetary-policy phase where officials can focus on monitoring the economy rather than actively intervening to change its course, Bloomberg reported on Sunday.Fxstreet
11 hours ago
