Tag: Finance
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China announces package to increase domestic consumption
China's National Development and Reform Commission (NDRC) has announced a 20-item package to boost domestic consumption. According to the package, consumption of a wide...
Fitch downgrades US long-term credit rating
International credit rating agency Fitch Ratings downgraded the US long-term credit rating from "AAA" to "AA+" and changed the outlook from negative to stable....
Asian markets tumble as Fitch downgrades US credit rating
Asia-Pacific markets fell after Fitch downgraded the US credit rating.
Asia-Pacific markets fell on Wednesday after ratings agency Fitch downgraded the US from AAA to...
Fitch decision pricing in gold
Gold gained in value as safe-haven demand in the markets increased after the credit rating agency Fitch revised the US credit rating downwards.
Gold rose...
BofA withdraws its US recession forecast
In a memo, Bank of America economists announced that they had previously withdrawn their forecasts for a mild recession in the US economy in...