S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given by agencies like S&P and Fitch to show how safe or risky a borrower (like a company or government) is for investors.  In a note, S&P Global stated that the stable outlook reflects continued policy stability and high infrastructure investment...

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

April 16, 2025 9:07 AM

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China's economy grew 5.4% in the first quarter from a year earlier, beating expectations, although trade tensions with the U.S. have clouded the outlook. Overnight, President Donald Trump ordered a probe into potential new tariffs on all U.S. crit...

Asia shares rise, bonds hold steady on some tariff reprieve

April 15, 2025 8:53 AM

Asia shares rise, bonds hold steady on some tariff reprieve

Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery overnight following last week's historic selloff, while the dollar continued to fall out of favour with investors. Trump said on Monday he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Cana...

Global stocks, dollar sink, bonds pummelled again as trade war roils markets

April 11, 2025 9:54 AM

Global stocks, dollar sink, bonds pummelled again as trade war roils markets

Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.S. assets. The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump's move to temporarily lower tariffs...

A investor pays attention to the stock market at a securities trading hall in Hangzhou, east China's Zhejiang province on April 8, 2025. Photo credit should read CFOTO/Future Publishing via Getty Images

April 9, 2025 8:57 AM

Stocks slide in Asia as recession fears pummel sentiment, oil hits four-year lows

Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets. The U.S. dollar fell against safe-haven currencies but the offshore yuan hit a record low of 7.4287 per dollar overnight. Fed fund futures jumped in early Asian trade to imply around 115 basis points of interest rate cuts this year, compared to 92 b...

S&P retains India’s growth forecast at 6.8%

September 24, 2024 3:55 PM

S&P retains India’s growth forecast at 6.8%

India’s economy remains on a positive trajectory despite ongoing fluctuations. Global ratings agency S&P has upheld its forecast for India's economic growth at 6.8% for the current fiscal year 2024-25. The agency is also hopeful that the Reserve Bank of India (RBI) will begin lowering interest rates in its upcoming monetary policy review scheduled for October. Growth Projections for 2025-26 Remain Steady at 6.9% In its latest Asia-Pacific economic outlook report, S&P Global Ratings m...

Global stocks, metals surge as rate cut expectations firm

May 20, 2024 12:44 PM

Global stocks, metals surge as rate cut expectations firm

Asian shares hit two-year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector. Brent crude futures rose to a one-week high of $84.25 a barrel after a helicopter crash killed Iran's president and Saudi Arabian state news flagged a health issue for the king, threatening fresh instability in the Middle East. Gold climbed more than 1% to $2,449.89 and copper futures ...