S&P Global Boosts FY24 Outlook - Update

SEC Fines Moody's, S&P, Other Credit Rating Agencies Over Recordkeeping Failures

The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moody's Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings Inc. agreed to pay $8 million...

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S&P Global Reiterates FY23 Outlook - Update

While reporting financial results for the second quarter on Thursday, data giant S&P Global, Inc. (SPGI) reiterated its earnings, adjusted pro forma earnings and adjusted pro forma revenue growth guidance for the full-year 2023.

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Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, snapping a three-session losing streak, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 63,650 level, with gains in index heavyweights and technology stocks.

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Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Monday ended the four-day winning streak in which it had jumped almost 450 points or 8.6 percent. The Jakarta Composite Index now sits just beneath the 5,375-point plateau although it's expected to open in the green on Tuesday.

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Continued Strength Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in consecutive trading days, gathering more than 275 points or 1.2 percent along the way. The Hang Seng now sits just above the 23,210-point plateau may extend its gains on Tuesday.

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Australian Markets Modestly Lower

The Australian stock market is modestly lower on Tuesday, reversing the slight gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling below the 8,800 level, as traders remain cautious ahead of the release of inflation data tomorrow, which will have an impact on the outlook for interest rates.

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Win Streak May Continue For China Stock Market

The China stock market has moved higher in back-to-back sessions, collecting almost 40 points or 1.1 percent in that span. The Shanghai Composite Index now sits just beneath the 3,700-point plateau and it may add to its winnings on Tuesday.

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Taiwan Stock Market Due For Support On Tuesday

Ahead of the long break on Friday (Typhoon Champi) and Monday (Restoration Day), the Taiwan stock market headed south again on Thursday, one day after ending the two-day losing streak in which it had given up almost 820 points or 1.7 percent. The Taiwan Stock Exchange now sits just above the 46,040-point plateau although it's expected to open to the upside on Tuesday.

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