Fitch Ratings: News
Oil market will see oversupply after Hormuz reopening: Fitch Ratings
Fitch Ratings has predicted that the global oil market will return to oversupply after the reopening of the Strait of Hormuz.
India set to be Asia's fastest-growing major economy in 2026
India is projected to be Asia's fastest-growing major economy in 2026, according to a recent report by Fitch Ratings.
Fitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
Pakistan: IMF's bailout package stalled amid debt, unmet loan conditions
The International Monetary Fund (IMF) is reportedly likely to hold up the already agreed bailout package for cash-strapped Pakistan.
India's GDP to contract by 9.4% in FY21, says Fitch
India's GDP will contract by 9.4% in the current fiscal year, Fitch Ratings said in its latest Global Economic Outlook on Tuesday.
Can't hold US trade-talks with knife to the throat: China
China said it's impossible to hold trade talks with the US while Washington is imposing tariffs that are like "holding a knife to someone's throat".
Fitch Ratings ups India's growth forecast to 7.8% for FY19
Fitch Ratings today upped India's growth forecast for the current fiscal to 7.8% from 7.4% projected earlier.
Indian banks need $65 billion to meet BASEL norms: Fitch
To meet BASEL III norms, Indian banks will need an additional $65 billion by March 2019, said Fitch Ratings. PSU banks would require 95% of it.
Private sector projects have reached a standstill in recent quarters
According to Centre for Monitoring Indian Economy (CMIE), the progress of private sector projects has reached a roadblock.
Scottish Independence: Scotland could be independent, says Lord King
Lord Mervyn King, ex-Governor of the Bank of England, said Scotland "could be an independent country" but would "risk" taking a hit to its public finances if oil revenues fall.