Fed’s Dudley Shakes Up Complacent Markets

The two-year U.S. Treasury barely budged after the Federal Reserve raised short-term interest rates last week. But New York Federal Reserve President William Dudley’s comments on Monday in the U.S. reminded market players that the Fed could actually deliver on its...

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Moody’s Trims the Credit Ratings for Australian Banks

Moody’s downgrades credit ratings of ANZ, CBA, NAB, Westpac, the big 4 Australian Banks. Ratings firm revises the banks’ long-term ratings to Aa3 from Aa2, and the ratings outlook to stable from negative. Moody cites high levels of household debt as a risk to the...

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Credit Extension: Noble Gets a Breather

Grim days at Noble Group brighten slightly with a $2 billion credit facility extension from its banks until mid-October. This extension would provide the crisis-hit commodity trader some greatly needed leeway to source for solutions to its debt problems. Following...

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