The Australian dollar is slightly higher after a quiet day of trade. At 5pm today, the local unit was buying 91.71 US cents, up from 91.52 cents yesterday. Bond markets gained strength after Detroit became the largest city in US history ...
Tags: Australian Dollar, economy
QBE Insurance has tapped the US debt market for $US600 million to help buy back convertible securities next month, within days of being downgraded by credit ratings agency Moody's. Highlighting the strength of international debt markets, ...
Tags: QBE Insurance, US debt market
The dollar has fallen after speculation of a downgrade to Germany's top credit rating. At 5pm AEST today, the currency was trading at $US1.0317, down from $US1.0363 yesterday. ANZ foreign exchange strategist Andrew Salter said the ...
Tags: Dollar, foreign exchange
International credit ratings agency Fitch Ratings has affirmed the credit rating of the Indian steel giant Tata Steel Limited at BB+, while the outlook remains negative. The negative outlook continues to reflect Fitch's expectations of ...
Tags: Fitch Affirms, Tata Steel
International credit ratings agency Moody's has announced that it has affirmed Russian steel producer NLMK’s Baa3 rating, with a stable outlook.The agency underscored that this decision reflects the global scale of the group’s ...
Tags: Moody, Metallurgy, company news
Luxembourg-based steel giant ArcelorMittal has announced that it will issue $3.5 billion common shares to reduce its debt significantly. With the share issuance, the company aims to reduce its debt to $17 billion by the end of June this ...
Tags: Luxembourg, steel giant, ArcelorMittal, debt
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
The international credit ratings agency Standard and Poor's has announced that the France based seamless steel tube producer Vallourec will maintain its strong market positions in premium steel pipes and connections for the oil and gas ...
Tags: Standard and Poor, seamless steel tube, Vallourec, market positions
Standard&Poor's Ratings Services today affirmed its'BBB-/A-3'long and short term foreign and local currency sovereign credit ratings on the Republic of Azerbaijan.The outlook is stable. The transfer and convertibility assessment remains ...
Tags: Standard&Poor, currency, credit ratings, Macroeconomic Indicators
The Board of Directors took notice of the information on Gazprom's debt management strategy, debt structure, costs and mechanisms of financial resources attraction and approved of the ongoing activities aimed at the Company's debt portfolio ...
Tags: debt management strategy, debt structure, costs and mechanisms
Business Line reported that armed with favorable credit ratings, Rashtriya Ispat Nigam Ltd would hit the debt market with INR 500 crore borrow plan in the Q4. Sources said that the proposal would be placed before the RINL board for ...
Tags: Business Line, Debt Market, Rashtriya Ispat Nigam Ltd, borrow plan
Its economy may be struggling, but there is one segment of the United Kingdom construction market which is performing well compared with the rest: Timber frames. Better yet, as carbon reduction and environmental requirements become ...
Tags: industry trends, timber frame