Fitch's fifth edition of the Global Corporates Macro and Sector Forecast reveals varying revenue, margin, and leverage trends across regions, with default rates expected to rise among lower-quality, speculative-grade issuers due to economic challenges and high interest rates.
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According to Fitch Ratings, this revision, marking a 2.7 per cent decrease from the previous month's estimate, reflects the ongoing shift in the energy landscape.
According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025, noting to last year's robust non-oil sector activity.
This data-driven report, updated quarterly, offers transparency into Fitch's ratings and delivers essential data to support in-house analyses for clients.
According to data from the International Energy Agency (IEA), biofuel demand is expected to expand, making up 6 per cent of forecasted road transport energy demand by 2030.
According to S&P Global Commodity Insights (GCI), this, in turn, could mitigate the impact on end-consumers as e-fuel supply scales up. E-fuels, derived from electrolytic hydrogen, represent a promising alternative for hard-to-abate sectors like aviation and shipping.
In a press conference on Monday, the Director General of Meteorology, Mrutyunjay Mohapatra said that the above-normal maximum temperatures are likely over most parts of peninsular and North East India.
According to S&P Global, while natural gas prices could potentially boost coal consumption domestically, challenges such as warmer weather forecasts, oversupply, and competitive pricing from other coal-exporting countries pose significant obstacles.
As per S&P Global Mobility, the forecast highlights a continued recovery in light vehicle output, contributing to inventory restocking across various regions.