5 June 2019: ICICI Bank and Axis Bank both found their rating for foreign issuances downgraded to so-called junk rating or below investment rating earlier this week by Fitch. Fitch’s reason: The operating environment doesn’t warrant a bbb- rating for… Read More ›
Fitch
EQUITY UPDATE: 11 AUGUST 2012
ASIA Singapore’s GDP declined 0.7 percent in the 2Q12 period on a q/q basis. Preliminary estimates pegged the GDP to decline 1.1 percent. (Bloomberg) INDIA Issuance of structured notes in India declined more than 70 percent to INR 5.88 b… Read More ›
EQUITY UPDATE – 10 AUGUST 2012
ASIA China’s Industrial output for July rose slower than expected by 9.2 percent to near three year lows, adding to concerns that the country is slowing in its recovery process. Inflation in the county declined for the fourth consecutive month… Read More ›
EQUITY UPDATE – 9 AUGUST 2012
ASIA Cathay Pacific Airways Ltd – Co. reported its 1HY12 results at a loss of HKD 935 m (USD 121 m) vs exp. Profit of HKD 490 m vs. profit of HKD 2.8 b a year ago, on lower freight… Read More ›
EQUITY UPDATE – 8 AUGUST 2012
INDIA Rating agency CRISIL reduced it’s forecast for India’s GDP growth in FY12-13 to 5.5 percent from 6.5 percent. Rainfall deficiency and the worsening of the Euro zone crisis are the major factors which could affect GDP, it cited. The… Read More ›
EQUITY UPDATE – 7 AUGUST 2012
ASIA China Vanke Co. – Property developer reported 1HY12 profit to RMB 3.73 b (USD 585 m) vs RMB 2.98 b a year ago. EPS came in at RMB 0.34 a share vs RMB 0.27 a share a year ago…. Read More ›
EQUITY UPDATE: 1 AUGUST 2012
ASIA China’s steel factories saw a 96 percent decline in profits for the 1HY12 period on economic slowdown lowering demand. The China Iron and Steel Association revealed that profits came in at RMB 2.39 b (GBP 376 m) on rising… Read More ›
TULIP TELECOM DOWNGRADED BY FITCH
Tulip Telecom – Co. downgraded by Fitch from A+ to A-. (CNBC TV 18)
EQUITY UPDATE – 17 JULY 2012
ASIA China’s FDI inflows declined 3 percent in the Jan-June 2012 period on a y/y basis. Slowing global economy lowered the inflow of capital into China. FDI data came in at USD 59.1 b for the said period. FDI in… Read More ›
DAILY MARKET REPORT – 03 JULY 2012
The markets closed flat again on a lacklustre trading session. The Sensex closed 26.73 points higher at 17425.71 points or 0.15 percent higher. The Index touched an intraday high of 17526.82 and a low of 17351.50 today. The NSE Nifty… Read More ›
