Ratings agency, Fitch, announced on Friday that Gulf Banks with Turkish subsidiaries reached net losses of roughly $950 million in the first half of 2022, Fitch rating reports. According to the report, Turkiye creates risk for GCC banks’ capital positions due to currency translation losses from the lira depreciation. Fitch also warned that banks in […]
Posts Tagged ‘fitch’
Taiwan Raps Fitch for Calling It Part of China in Ratings Upgrade
September 11th, 2021 Awake Goy
Taipei—Taiwan’s government scolded Fitch Ratings on Friday for calling the island part of China for the first time, in an announcement on upgrading Taiwan’s economic outlook, and said it was talking to the company about the issue. The Chinese Communist Party (CCP), which claims democratically ruled Taiwan as its own territory, has pressured foreign companies […]
Nasrallah: Israel dreads defeat of Daesh in Syria
July 1st, 2016 Awake Goy
Sayyed Hassan Nasrallah, the secretary general of the Lebanese resistance movement Hezbollah, says the Israeli regime dreads the defeat of the Daesh Takfiri terrorists in Syria. The Tel Aviv regime has been “exposed to an existential threat,” Nasrallah said, adding that Israel also fears demonstrations in some Arab capitals. Daesh and the al-Nusra Front terrorist […]