AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Hiscox Insurance Company Limited, Hiscox Insurance Company Limited, Hiscox Insurance Company Limited and Hiscox Insurance Company Inc.. At the same time, AM Best has affirmed the Long-Term ICR of ?bbb+? of Hiscox Ltd, the ultimate non-operating holding company of the Hiscox group of compan...
* * Q3 growth of 0.9%, first quarterly rise this year. * October retail sales likely to be 0.7%, Statscan said. * Currency market trim bets for 50bps rate cut on Dec. 11. By Promit Mukherjee. OTTAWA, Nov 22 - Canada's retail sales grew 0.4% in September as consumers spent more at grocery stores and supermarkets, data showed on Friday, and ensured the first quarterly increase in sales this year.
Mercurity Fintech Holding Inc. (MFH), a digital fintech group,? today announced that its wholly owned subsidiary, Chaince Securities Inc.,? has received approval from the Financial Industry Regulatory Authority for the change in ownership of J.V. Delaney & Associates, a fully licensed broker-dealer established in 1982.This approval was granted pursuant to a continuing membership application under FIN...
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of NongHyup Property and Casualty Insurance Company Limited. The ratings reflect NH P&C?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
* U.S. tariffs threaten European prosperity. * Banking and capital-markets unions vital. * Progress has stalled due to vested national interests. By Balazs Koranyi. Some of the European Central Bank's most influential policymakers urged the European Union on Friday to resurrect long-stalled economic integration to protect its model of prosperity from a looming trade war with the United States.
-Major brokerages reiterated their view of a 25-basis-point interest-rate cut by the U.S. Federal Reserve in December after U.S. consumer prices for October increased as expected, even as Fed Chair Jerome Powell indicated there is no need to rush rate cuts given strong U.S. economy.
Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate the bloc, Bundesbank President Joachim Nagel said on Friday.
The Germany commercial property market "remains a source of elevated risk," one that financial regulators are monitoring closely after a rapid succession of interest rate increases hit property values. "The financial system is facing acute challenges due to geopolitical tensions and a weak economy," Michael Theurer, an Executive Board member of the Deutsche Bundesbank, said on Thursday.
BEIJING, Nov. 22, 2024 A news report from?chinadaily.com.cn?. Analysts highlight Beijing's efforts to support developing countries in global economic order.
Mexico's annual inflation rate eased in early November, official data showed on Friday, boosting bets that the central bank will continue to cut interest rates. Annual inflation in Latin America's second-largest economy hit 4.56%, down from 4.69% in the previous month, after edging up in the previous pair of two-week periods.
* Flash PMI slides to 49.9 in Nov from 51.8 in Oct. * First contraction in 13 months. * Sterling falls, bets grow on BoE rate cuts. * Other data has also pointed to a weakening economy. By William Schomberg.
* Bond yields, euro tumble on weak PMIs. * Investors ramp up ECB rate cut bets. * Markets see a 50% chance of a 50 bps cut in December. * Bank stocks fall as much as 2.1% By Stefano Rebaudo and Dhara Ranasinghe.
SURABAYA, Indonesia, Nov. 22, 2024 On November 22, PT GREENWAY ENERGY INDONESIA, the Indonesian subsidiary of Greenway, a global leader in micromobility lithium battery solutions,?held a grand opening ceremony.
- U.S. investors snapped up equity funds for a third successive week through Nov. 20, buoyed by optimism over rising corporate earnings expectations, although the inflows were restrained due to a cautious Federal Reserve rate outlook and geopolitical tensions between Russia and the West.
U.S. investors snapped up equity funds for a third successive week through Nov. 20, buoyed by optimism over rising corporate earnings expectations, although the inflows were restrained due to a cautious Federal Reserve rate outlook and geopolitical tensions between Russia and the West.
Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the U.S. interest rate policy outlook for next year. According to LSEG data, investors snapped up only net $7.97 billion worth of global equity funds during the week after a robust $49.84 billion worth of net purchases in the prior week.
* Bond yields, euro tumble on weak PMIs. * Investors ramp up ECB rate cut bets. By Stefano Rebaudo and Dhara Ranasinghe. German short-dated government bond yields fell to multi-year lows, while the euro tumbled to two-year lows on Friday as markets ramped up European Central Bank rate cut bets after data showed a sharp decline in euro area business activity.
* Euro zone services activity contracted in November. * Euro briefly falls below $1.03. * U.S. dollar index hits fresh two-year peak. * Bitcoin touches record, not far off $100,000. * Sterling slips. By Brigid Riley.
The euro dropped to its lowest since December 2022 on Friday after data showed euro zone business activity tumbled in November as the bloc's dominant services industry contracted and manufacturing sank deeper into recession. The common currency was last $1.0432, down 0.37% on the day, falling past its October 2023 level.
Germany's economy grew less than previously estimated in the third quarter, the statistics office reported on Friday, in further bad news for a country set to be the worst performer among the Group of Seven rich democracies this year.
Euro zone borrowing costs rose slightly on Friday before purchasing managers' surveys due later in the session, as geopolitical tension prompted investors to bid for safe-haven government bonds.
RIYADH, Saudi Arabia, Nov. 22, 2024 /PRNewswire/ -- The inaugural International MICE Summit will bring together over 1,000 global leaders from the Meetings, Incentives, Conferences and Exhibitions industry between 15-17 December at Mohammed Bin Salman Nonprofit City in Riyadh, hosted by the Saudi Conventions & Exhibitions General Authority.
S&P Global Ratings lowered its outlook on three Adani Group entities to negative from stable on Friday, citing risks to funding access following a U.S. indictment of the conglomerate's billionaire founder, Gautam Adani, on bribery charges.
The Bank of Japan will raise interest rates again at its December meeting as a strengthening economy and concerns over the depreciating yen prompt policymakers to act, according to just over half of economists in a Reuters poll.
U.S. President-elect Donald Trump is considering picking Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell's term as chair ends in 2026, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
LEXINGTON, Ky., Nov. 21, 2024 Ramaco Resources, Inc. (METCB) announced today that it has priced its previously announced public offering of senior unsecured notes due 2029. The gross proceeds to the Company from the offering, before deducting commissions and expenses, will be approximately $50 million, or approximately $57.5 million if the underwriters exercise their option in full.
Global stocks registered a strong weekly gain on Friday while U.S. Treasury yields slipped as markets eyed President-elect Donald Trump's likely policies and their impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold. Traders are bracing for Trump's agenda after he takes office in January, which is expected to include tariffs, tax cuts and deregulation.
The euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its march toward the $100,000 mark.
The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level.
Japan's factory activity contracted for the fifth straight month in November due to sluggish demand caused by worries over China's economic slowdown and persistent cost pressures, a private-sector survey showed on Friday. The au Jibun Bank flash Japan manufacturing purchasing managers' index slipped slightly to 49.0 in November from 49.2 in October.
Japan's factory activity contracted for the fifth straight month in November due to sluggish demand caused by worries over China's economic slowdown and persistent cost pressures, a private-sector survey showed on Friday. The au Jibun Bank flash Japan manufacturing purchasing managers' index slipped slightly to 49.0 in November from 49.2 in October.
* October core CPI rises 2.3% yr/yr vs forecast +2.2% * Index excluding fuel rises 2.3% yr/yr vs +2.1 in September. * Services inflation perk up, signal pressure from rising wages. * 19 meeting. * Majority of economists expect BOJ to hike rates in December. By Leika Kihara.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Continental General Insurance Company. The ratings reflect CGIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
Japan's core inflation in October held above the central bank's 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping pressure on the central bank to raise its still-low interest rates.
* Oct core CPI +2.3% yr/yr vs forecast +2.2% * Index excluding fuel +2.3% yr/yr vs +2.1 in September. * Data to be scrutinised at BOJ's December meeting. By Leika Kihara.
Grants Provided Through FHLB Dallas? Partnership Grant Program. Representatives from the Federal Home Loan Bank of Dallas and eight of its members awarded $283,000 in grants to eight nonprofits in DFW. This press release features multimedia.
- A look at the day ahead in Asian markets. Risk assets in Asia are set to open positively on Friday after a show of fortitude on Wall Street saw U.S. stocks end a choppy session in the green, as local attention turns to the latest inflation figures from Japan.
Nearly $49.5 million in Affordable Housing Program subsidy will benefit?affordable housing development in Kentucky, Ohio, Tennessee and beyond CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- Federal Home Loan Bank of Cincinnati President and CEO Andrew S. Howell announced the recipients of 56 Affordable Housing Program grants totaling over $49.5 million?marking FHLB Cincinnati's largest grant announc...
A look at the day ahead in Asian markets. Risk assets in Asia are set to open positively on Friday after a show of fortitude on Wall Street saw U.S. stocks end a choppy session in the green, as local attention turns to the latest inflation figures from Japan.
U.S. small-cap stocks are delivering a standout performance in November, aligning with a well-established seasonal trend that often paves the way for a strong December. Historically, small caps tend to excel in the final two months of the year, with November?s impressive gains often rolling into December as part of the so-called ?Santa Rally.
Casella Waste Systems Inc (CWST): * Casella Waste Systems Inc (CWST) - OFFERING OF UP TO $45.0 MILLION OF FINANCE AUTHORITY OF MAINE SOLID WASTE DISPOSAL REVENUE BONDS SERIES 2024 Source text: Further company coverage:
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2024 under an indenture between the Authority and the bond trustee.
MicroStrategy? Incorporated today announced that it completed its previously announced offering of its 0% convertible senior notes due 2029. The notes are unsecured, senior obligations of MicroStrategy.
* US initial jobless claims rise less than expected. * Bitcoin continues climb toward $100,000. * Safe-haven yen strengthens on Ukraine conflict, Ueda comments. By Chuck Mikolajczak.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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