Page 3 - S&p

A gradual climb for LVs sales in India, projected to grow 3.7% in 2025

According to S&P Global Mobility, growth for 2024 is projected to be even lower at 2.9%

Trump's plan of 10% import tariff likely a point for negotiation: S&P

Tariffs are unlikely to be imposed at those levels, but were Trump to follow though, the universal 10 per cent tariff could add as much as 1.8 percentage points to US inflation

S&P Global raises annual profit forecast on demand for analytics products

S&P Global now expects its 2024 adjusted earnings per share between $15.10 and $15.30, compared with the prior view of $14.35 to $14.60

Airline companies' stocks recover from failed summer surge to hit 2022 high

The S&P Supercomposite Airlines Index is hovering around highs unseen since May 2022, poised to close Friday with its largest weekly gain since January of last year

India poised to be 3rd largest economy, rising population a challenge: S&P

India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a USD 30 trillion economy by 2047, from the current USD 3.6 trillion. India is currently the fifth largest economy. "India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030. Its 2024 entry into JP Morgan's Government Emerging Market Bond Index could provide additional government funding and unlock significant resources in domestic capital markets. This is only a first step --investors will continue looking for improved market access and settlement procedures," S&P said. In its report titled 'Look forward Emerging Markets: A decisive decade', S&P said emerging markets will play .

Boeing at risk of junk rating with S&P amid ongoing strike by workers

The credit grader estimated that Boeing will burn through about $10 billion of cash in 2024.

In the shadow of giants: Benchmarks lead, but broader markets falter

Quality stocks hold up, but what about the rest?

India on way to becoming third-largest economy by FY31: S&P Global report

India is on track to becoming the third-largest economy by 2030-31, driven by a projected annual growth rate of 6.7 per cent this fiscal, S&P Global said in a report on Thursday. The report also said that with 8.2 per cent growth rate in FY2024, continued reforms are crucial to improving business transactions and logistics, boosting private sector investment, and reducing reliance on public capital. It said equity markets are expected to stay dynamic and competitive due to strong growth prospects and better regulation, and foreign inflows into Indian government bonds have surged since the country joined major emerging market indexes, with further growth anticipated. To maximize trade benefits, India must develop infrastructure and geopolitical strategies, particularly regarding its extensive coastline, said the first edition of 'India Forward: Emerging Perspectives' report. Nearly 90 per cent of India's trade is seaborne, necessitating robust port infrastructure to manage ...

India's services sector growth surges to 5-month high in August: PMI

India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders

SEC's WhatsApp probe expands as Moody's, S&P, Fitch hit with $48 mn fine

The Securities and Exchange Commission said Tuesday that Moody's and S&P will each pay $20 million to settle the cases, while Fitch will pay $8 million

India Inc's credit quality to improve further, says S&P Global Ratings

Declining leverage, broad-based earnings growth drive profile

Moody's, S&P doubt of Boeing hitting year-end production targets in 2024

Boeing slowed output so it could improve production quality, but the decline in output and deliveries has taken a toll on cash flow

Indian ports make bunkering activity gains amid Red Sea crisis: S&P

Bunkering activity and STS calls at the country's ports increased 64 per cent Y-o-Y between January and July 2024, stated S&P Global Commodity Insights

S&P, Moody's downgrade JetBlue amid $3 bn debt raise, shares sink

JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue

Bangladesh unrest not likely to impact India's overall trade balance: S&P

India is a well diversified exporter and a blip in its exports to Bangladesh is unlikely to have any meaningful impact on India's overall trade position for the full year, S&P Global Ratings said on Tuesday. Bangladesh is facing its worst political crisis since independence in 1971, with Prime Minister Sheikh Hasina resigning amid massive anti-government protests. Bangladesh Army Chief General Waqar-uz-Zaman on Monday announced that an interim government would be taking over the responsibilities. S&P Global Ratings, Director, Sovereign and International Public Finance Ratings (Asia-Pacific), Andrew Wood said that S&P expects domestic demand conditions in Bangladesh in this period of time to be weak and probably going to entail less support for exports from other countries, including India, into Bangladesh. "India is a well diversified exporter to the entire world and its trade profile is significantly larger than bilateral trade relationships with economies like ...

India's services growth remains robust even as it slows a tad in July: PMI

While there was a slowdown in growth, business activity has remained above the neutral mark of 50.0

Vedanta shares gain 3.8% on S&P Global Ratings upgrade of UK parent

Shares of the Mumbai-listed Vedanta closed at Rs 447, up Rs 16.4, or 3.8 per cent over the previous day's close

Asian shares tread cautiously; Wall St unfazed as Joe Biden bows out

Investors seemed well-prepared for news that US President Joe Biden had dropped out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket

India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P

The central government estimates to bring down fiscal deficit to 5.1 per cent of the GDP in the current fiscal, from 5.63 per cent in 2023-24

Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks