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PETALING JAYA: Fitch Solutions has revised Malaysia’s 2021 real gross domestic product (GDP) growth to 4.9% from 10% previously on the realisation of ...
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Fitch to acquire CreditSights Source: Fitch Group Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire CreditSights, Inc., a leading provider of independent credit research to the global financial community. The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is su...
Fitch Group to Acquire CreditSights, Inc., a Leading Provider of Independent Credit Research Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire CreditSights, Inc., a leading provider of independent credit research to the global financial community. The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is subject to regulatory approvals and other customary closing conditions. Following the closing, CreditSights will become part of Fit...
07 Jan 2021 / 00:06 H. PETALING JAYA: The ringgit is expected to average RM4.05 against the US dollar in 2021 and 2022 from RM4.15 previously, according to Fitch Solutions’ latest forecast. It pointed out that the ringgit has extended its rally on the back of persistent US dollar weakness as well as the reopening of the economy to average RM4.20 against the dollar for 2020. As of Jan 5, 2021, the Malaysian currency has strengthened 2.5% to trade at RM4.009/US$. “While this is broadly in line with our view for the ringgit to start 2021 at a much stronger level compared to 2020, the extent...
HARARE (Bloomberg) — Zimbabwe’s dollar shortage is getting worse, but the central bank is going to try to do something about it. The regulator will inject $500 million into the foreign-exchange market on Monday, it tweeted over the weekend, a move Governor John Mangudya said would “go a long way to stabilize the exchange rates and prices of goods and services.” The money is from “international banks,” Finance Minister Mthuli Ncube said in a separate tweet, without naming them. The central bank is intervening after the southern African nation’s currency plunged on the black marke...