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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 oil drums and gas flares while working aboard an offshore oil platform in the Persian Gulf's Salman 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 is a leading provider of data, research and analytics. The addition of CreditSights will strongly com...
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 – among others – include people from India, Pakistan and the Philippines, and make up nearly 60 per cent...