Page 10 - Fitch Solution News Today

Fitch Solutions has revised Malaysia’s 2021 gross domestic product (GDP) growth to 0% from its earlier estimate of 4.9%. This comes as the second quarter 2021 (2Q21) GDP growth numbers were below its expectation, at 16.1% year-on-year but a contraction of 2% quarter-on-quarter.

Lifting of Iran sanctions to spark fight for oil market share in Asia The expected return of Iranian oil to the market as US sanctions are likely to be lifted over the next year will offer new opportunities for former buyers in Asia to reshuffle their oil import mixes. Significantly, the return of Iranian barrels will trigger a fierce battle among global suppliers for market share raising the risk of price drops, reported Fitch Solutions. Updated: 05/07/2021, 5:17 am A worker passes stores of o...

Where South Asian currencies are headed in the last weeks of May, first weeks of June

Fitch Group Completes Acquisition of CreditSights, Inc. Fitch Group, a global leader in financial information services owned by Hearst, today announced that it has completed its acquisition of CreditSights, Inc., a leading provider of independent credit research to the global financial community. Fitch Group announced its agreement to acquire CreditSights from the founders, along with other shareholders and investors, on 14 January 2021. CreditSights will become part of Fitch Solutions, which i...

Dubai: Remittances from the UAE are seeing a surge as several, particularly South Asian currencies, were losing ground in the past weeks. But will remittance-beneficial currency trend continue? When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the days to come. According to statistics, South Asians, which – amon...

Dubai: Remittances from the UAE are seeing a surge as several, particularly South Asian currencies, were losing ground in the past weeks. But will remittance-beneficial currency trend continue? When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the days to come. According to statistics, South Asians, which – amon...

Efficient food supply chain, top priority of UAE leadership: Mariam Almheiri Wed 14th April 2021 | 06:15 PM DUBAI, (UrduPoint / Pakistan Point News / WAM - 14th Apr, 2021) The UAE’s aim to further enhance food security in the country and attain number one ranking in the Global Food Security Index by 2051 were the key focus areas at a webinar titled "Agritech - Enhancing Food Security in the UAE", organised by DP World, UAE Region and Jebel Ali Free Zone (Jafza) in collaboration with the ...

VIETNAM BUSINESS NEWS APRIL 13 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  13/04/2021    13:38 GMT+7 Vietnam gas consumption to double in next 10 years: Fitch Solutions  Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production. Viet...

Dubai: When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the days to come. According to statistics, South Asians, which – among others – include people from India, Pakistan and the Philippines, make up nearly 60 per cent of the UAE population. So, it would be financially beneficial to regularly analyse currenc...

Vietnamese rush to buy cars as prices fall Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  05/03/2021    10:00 GMT+7 Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging. With 300,000 cars sold in 2020, Vietnam has surpassed the Philippines to become the fourth largest au...