Egypt’s credit rating has been upgraded by Fitch Ratings for the first time since 2019. This upgrade comes as the country continues to recover from two years of economic crisis, bolstered by a $57 billion global bailout. This positive change signals growing confidence in Egypt's economic stability.
Leverage levels are becoming crucial in attracting investors. As firms seek to enhance returns, they are using higher leverage to boost their appeal in competitive markets. This shift signals a growing trend where investors are more drawn to opportunities with strategic leverage, highlighting its importance in today's investment landscape.
Brazil’s real has faced extended losses after Finance Minister Fernando Haddad declined to confirm details on potential government spending cuts. He expressed uncertainty about the figures reported by local newspapers, stating he didn't know their origin.
Boeing Co. has announced a massive nearly $19 billion share sale, marking one of the largest by a public company. This move aims to tackle the company’s urgent liquidity issues and avoid a potential downgrade to junk status for its credit rating.
Belfius Bank SA and Landesbank Baden-Wuerttemberg are looking to raise new Additional Tier 1 capital. This move comes as they aim to repay bonds that initially seemed at risk but have surprisingly turned into the year's top-performing notes.
Oman’s OQ Exploration & Production saw its shares drop after a notable $2 billion initial public offering. This decline is surprising as Middle Eastern listings usually see strong early gains.
The yen fell by 1% today, while Japanese stocks saw a rise. This shift comes as investors consider the impact of the Liberal Democratic Party and its coalition partner losing their majority.
The corporate bond market is showing remarkable stability and liquidity. In September, the US market had its busiest trading month on record, highlighting strong investor activity.
France's credit rating has been placed on a negative outlook by Moody's Ratings, marking the third warning in just two weeks. This decision highlights concerns over the nation's deteriorating public finances and ongoing political challenges in managing rising budget deficits.
WeRide Inc., a Chinese self-driving automotive company, has successfully raised $440.5 million through its long-delayed US initial public offering and a private placement.
