Recently, Moody’s, a financial rating agency, downgraded Macau’s economic outlook from “stable” to “negative.” This adjustment links closely to Macau’s deep ties with mainland China. The decision faced criticism from Macau’s authorities, who disagreed with Moody’s assessment. Moody’s explained that the change reflects Macau’s strong political, institutional, economic, and financial connections with mainland China. The […]
Related Posts
Oil Tumbles as Strong Dollar and Interest Rates Bite
On a surprising day in the financial markets, May 29, oil prices initially climbed, riding the momentum from earlier gains. However, the tides turned by the day’s end, with prices taking a dip as the U.S. dollar gained strength. This intriguing fluctuation came just as the world was eyeing an important OPEC+ meeting, sparking speculation […]
Spanish Giant BBVA Returns to Brazil, Focusing on Corporate Clients
Spanish banking giant BBVA is making a strategic comeback in Brazil’s financial sector. Two decades after selling its retail operations to Bradesco, BBVA is now focusing on the lucrative wholesale banking market. Maria Agustina Ramírez, BBVA Brazil’s president since January 2023, has set ambitious goals. The bank aims to serve 360 key clients by 2027, […]
South Korean lawmakers berate IAEA chief over Japanese plans to release treated Fukushima wastewater
South Korean opposition lawmakers sharply criticized the head of the United Nations’ nuclear watchdog for its approval of Japanese plans to release treated wastewater from the damaged Fukushima nuclear power plant during a tense meeting in Seoul on Sunday, with protesters screaming outside the door.