Today: June 14, 2024
Today: June 14, 2024

Mexican banks exposed to public sector debt have room to maneuver, Fitch says

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The logo of Mexico's Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City
June 10, 2024
Reuters

MEXICO CITY (Reuters) - Mexican banks face risks from exposure to sovereign debt and debt from state entities, but have "sufficient ratings headroom" and can expect solid financial performance this year, Fitch Ratings said on Monday.

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Singapore Airlines offers compensation for flight hit by turbulence

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ECB should wait with next rate move until uncertainty recedes, Lane says

The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief

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China CPI lands ahead of U.S. CPI, Fed double whammy

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Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back

Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December

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