Browsing: S&P Global

Any PMI reading above 50 indicates growth in the non-oil sector, while readings below 50 signal contraction

S&P Global Ratings has lowered Ukraine’s credit rating to ‘selective default’ after Kiev missed an international bond payment earlier this week as it seeks a major debt restructuring. 

International economic growth showed resilience in June, maintaining the second-highest level observed in the past 13 months

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple.

RIYADH: A strong stock of government financial assets has cemented Kuwait’s standing as it secures an ‘A+’ rating from Standard & Poor.  

RIYADH: The UAE’s non-oil private sector growth remained steady in May, with the country’s Purchasing Managers’ Index holding firm at 55.4, unchanged from the previous month, an economy tracker showed. 

RIYADH: Saudi banks are expected to pursue alternative funding strategies to deal with the rapid expansion in lending, fueled by the demand for new mortgages, according to S&P Global.

MOSCOW, May 2. /TASS/. Global Russia Manufacturing PMI (business activity index for the Russian manufacturing industries) fell to 54.3 points in April from 55.7 points in March, according to a study by S&P Global.

RIYADH: Saudi banks are expected to pursue alternative funding strategies to deal with the rapid expansion in lending, fueled by the demand for new mortgages, according to S&P Global. 

S&P Global Ratings said motor insurers in the UAE, who increased their premia by up to 50% for certain coverage over the past year citing frequency and costs of claims, are likely to go in for another round of hikes in view of the recent floods.