DBT

TL/DR - Moody's, a credit rating agency, warned that a potential U.S. government shutdown could negatively impact the nation's credit. The warning comes a month after Fitch downgraded the U.S. by a notch due to a debt ceiling crisis. A…

# Bank of Montreal to Wind Down Retail Auto Finance Business In an announcement on Saturday, Canada's third largest bank, the Bank of Montreal (BMO), disclosed plans to wind down its retail auto finance business. As part of a strategic…

US President Joe Biden has issued a warning about the potential economic consequences of federal budget cuts and a looming government shutdown. With the clock ticking towards a possible shutdown, Biden emphasized the impact it would have on…

Japanese Prime Minister Fumio Kishida is expected to focus on easing the burden of rising fuel bills in his upcoming economic stimulus package. With a growing concern over inflation, the central bank is also set to come under political…

## Chinese Citizens Hesitant to Spend Amid Unstable Economic Climate Erin Yao, a 30-year-old book editor based in Beijing, had planned to enroll in street dance classes and embark on travel adventures after China lifted its COVID-19…

# Royal Bank of Canada to Cut Jobs Amidst Warnings of Economic Softening The Royal Bank of Canada (RBC), Canada's largest bank, has warned of a potential economic downturn and announced plans to cut approximately 1,800 jobs to reduce…

Market Trends: Asian Shares Rally Asian shares witnessed a significant rally on August 24, after impressive results from tech giant Nvidia buoyed Wall Street. A decrease in U.S. bond yields also contributed to the positive trend, reducing…

S&P Global Downgrades US Regional Banks Amid Rising Funding Costs S&P Global, the American multinational financial services company, has reduced its credit ratings and outlook on several U.S. regional banks, as reported by…

Evergrande, the embattled Chinese developer, has filed for bankruptcy protection in the United States as part of a massive debt restructuring effort. The move comes as concerns mount over China's deteriorating property crisis and its…

# Asian Shares Plunge Amid Concerns Over China's Economy Asian shares are headed for their third consecutive week of losses, as concerns over China's economy and fears of prolonged high U.S. rates continue to impact the market. The MSCI's…