by bondevalue | Jan 19, 2021 | India
Delhi International Airport Limited (DIAL) had been downgraded by Fitch to BB from BB+ while maintaining a negative outlook. The downgrade of India’s largest airport comes on the back of low traffic volume in 2020 due to the pandemic and a prolonged recovery...
by bondevalue | Jan 19, 2021 | High Yield Bonds, India
French oil major Total SE announced on Monday that it has acquired a 20% stake in Indian renewable energy company Adani Green in a $2.5bn deal. The deal will give Total a 50% stake in Adani’s 2.35GW portfolio of solar assets and a seat on the company’s...
by bondevalue | Jan 18, 2021 | High Yield Bonds, India
Global e-commerce giant Amazon requested the Securities and Exchange Board of India (SEBI) not to give a no-objection certificate (NOC) to the Future Group-Reliance Retail deal since their case in the court still continues. Amazon had earlier got a Singapore court to...
by bondevalue | Jan 12, 2021 | China, Financial Institutions, India
S&P and Nasdaq saw their rallies come to a halt with the indexes down 0.7% and 1.3% on Monday. Tesla fell 7.8% while Twitter fell 6.4% after permanently suspending Trump’s account. European equities also had a similar move, down 0.3-0.8%. While elements of...
by bondevalue | Jan 5, 2021 | China, High Yield Bonds, India, Singapore Dollar Bonds
US equities ended lower with the S&P and Nasdaq falling 1.5%. Polls of Georgia’s Senate runoff showed two Democratic candidates with chances of winning their respective races – this could give Joe Biden control of the Senate and might lead to higher corporate...
by bondevalue | Jan 4, 2021 | China, Financial News, High Yield Bonds, India
US equity markets closed on an upbeat note on the last trading day of 2020 with the S&P and Dow up 0.6%, ending the year with gains of 16% and 6.8% respectively. Andrew McCaffery, Global CIO at Fidelity explained the strong investor sentiment stating, “In...
