RCom shares continue to reel under pressure, tank 9.5%
Shares of Reliance Communications on Wednesday tanked 9.5 percent after Moody's Investors Service downgraded the company's corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.
May 31, 2017, 13:16 PM IST
Yuan hits 6-1/2-month high; other currencies rise in tight range
Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.
May 31, 2017, 12:47 PM IST
RCom bond sell-off gathers pace after Moody's rating cut
A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.
May 31, 2017, 11:23 AM IST
Moody's slashes Hong Kong rating following China cut
Hong Kong on Thursday hit back at a decision by Moody's to cut its credit rating on the city, which the agency said was becoming increasingly close to mainland China.
May 25, 2017, 11:08 AM IST
