News and Information

In this section, CreditPulse will cover newsworthy topics relevant to the credit risk function in a unique manner that increases perspective and includes specific information not found anywhere else.  The information is always accurate and unbiased.

Recent Articles

One of the world's largest gold mining companies announces a plan to buy one of the most valuable gold mining companies in deal priced at $6 billion.

Barrick Gold Corp., an $8.4 billion gold and copper mining company based in Toronto, Canada, has reached an agreement to buy Rangold Resources Ltd., a British-based gold mining company, in an all-stock deal that would create the largest gold mining company in the world.

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Nigerian President Buhari and President Trump vow greater cooperation on trade, terrorism, humanitarian aid and corruption.  

The United States and Nigeria renewed their strategic and economic interests on Monday as Nigerian President Muhammadu Buhari became the first sub-Saharan African leader to visit the White House since President Trump took office in January 2017.

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Fed to stay on course with rate increases even as economic and inflation projections remain modest.  "Our inflation objective is symmetric."

The U.S. Federal Reserve, the world's largest central bank, raised its short term federal funds rate by a quarter percent yesterday bringing the signature interest rate to 1 3/4%, it's highest level since 2008, the year of the crisis when it dropped from 4.25 to 0.25 (see graph below).

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CreditPulse recaps the fascinating year of 2017 with our year-end montage of insightful comments from noteworthy people around the world. "Capitalism has become a 'safe space' for firms that want to shield themselves against market disruption."

"Reducing a trade deficit through tough, smart negotiations is a way to increase net exports--and boost the rate of economic growth," said economist Peter Navarro in a speech before a group of business economists in Washington that helped set the tone for dramatic changes in U.S. trade relations with the rest of the world.

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Calling the situation "completely unacceptable," President Trump met with the leaders of Brazil, Colombia, Argentina and Panama to discuss the growing crisis in Venezuela. 

President Donald Trump and members of his cabinet hosted the leaders of four Latin American nations Monday night at a working dinner in New York to discuss the growing crisis in Venezuela.

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IBM's many advertisements, the visibility of its CEO and high stock price give the impression of a successful company, but a closer look shows otherwise.

In an ominous sign, International Business Machines Corp. is having to wait longer and longer to receive payments even as it attracts fewer and fewer customers in a sign that the company known for Big Data is having big problems generating new business.

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Troubles at Toshiba Corp highlight problems with Japan's conglomerates and why they have much lower market values than those in other nations of the world.

Japanese conglomerates have market values much lower than their counterparts in the United States, Europe and South Korea despite trading on one of the largest, most advanced exchanges in the world, according to research by CreditPulse.

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The main force behind intensive banking regulations in recent years is stepping down to pave way for Trump appointee. "Zombie banks."

Daniel Tarullo, the heavy-handed Fed governor who has been a nightmare for the U.S. banking system, will be resigning his board seat in April he wrote in a letter to President Donald Trump last Friday.

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Ratings firm analyst sees stable outlook for China in 2017 but warns things could change quickly if economic imbalances continue.  "A rise in financial fragilities."

"The concern in China is high and stable growth has been accompanied by a rise in imbalances in financial fragilities one of which is a buildup in debt, which is now 200 percent of GDP or higher depending on how you measure it," said Stephen Schultz, the head of APAC sovereigns at Fitch Ratings.

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After forecasting a minimum of three rate increases for 2016, the Fed finally does raise its benchmark rate 25 basis points in its first meeting after the election of Donald Trump as President. 

The U.S. Federal Reserve raised its short-term federal funds rate by 1/4 percentage point on Wednesday bringing the all-important benchmark rate to 0.75, its highest level since before the Fed took interest rates to zero in December 2008, the year of the credit crisis.

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