Ratings agency takes favourable view on reforms being undertaken and praises Modi govt's fiscal consolidation drive
REUTERS - The S&P 500 and the Nasdaq Composite rose about 1 percent in early afternoon trading on Monday as investors returned to riskier assets after tensions eased between the United States and North Korea.
REUTERS - The S&P and Dow opened little changed on Thursday, a day after the Dow industrials breached the 22,000 mark for the first time, while the Nasdaq was slightly lower as tech stocks fell.
LONDON (Reuters) - S&P Global may not wait until the terms of Britain's divorce from the European Union are known before it takes action on its rating again, most likely resulting in another cut, its sovereign ratings chief told Reuters on Tuesday.
The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy, and the RBI and government have had to subsequently announce a series of ad hoc measures to ease the impact of the measure.
It said US' debt and increased uncertainty over its trajectory constrain the ratings
Government tells rating agency to introspect on processes
Public finances are set to remain key rating constraints for some time
US debt could slightly dip to 22% from 24%, while Europe's share would ease to 16% from 20%
After a dismal payrolls report for May US employers added 287,000 jobs in June, beating market expectations
Central bank also lowered its economic growth forecast for this year and the next to 2% from 2.1%
S&P reduced the long-term issuer rating for Manipal-based Syndicate Bank to "BB+" from "BBB-"