ArcelorMittal rating downgraded, outlook set to negative
Credit rating agency Fitch has lowered the credit status of steel group ArcelorMittal to junk because of the difficult market conditions in the steel industry due to the…
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Moody’s expects that air traffic will loose one third of the volume
The European airport sector is under severe pressure from the outbreak of the corona virus. Experts from credit rating agency Moody’s have lowered their forecast for the industry…
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Construction activity in UK and Germany severely affected by virus outbreak
Construction activity in Germany and the United Kingdom was severely affected by the corona pandemic last month. Market researcher Markit reports that his purchasing managers index for the…
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Guaranteed billion-dollar loan to save Air France-KLM in progress
Air France-KLM is in talks with banks about up to 6 billion euros in loans, guaranteed by the French and Dutch governments. Anonymous sources report this on Friday.…
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S&P hesitates to downgrade US credit rating
Credit rating agency S&P has not lowered credit rating of the United States, despite the expected deterioration of economic conditions due to the corona pandemic. At S&P, the…
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Timur Kulibayev and the outstanding case of selling Aktaunefteservis oil company to KazMunayGaz
EconomicInform US/EU business magazine posted a piece on Timur Kulibayev’s 2011 trick with selling his own asset – “Aktaunefteservis” oil and gas company – KazMunayGaz, Kazakhstan’s energy giant.…
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China replenishes reserves with cheap oil
China plans to buy oil to replenish the state reserve now prices are low. Bloomberg writes this on the basis of insiders. This step may support the price…
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