Who is your Daddy? World Bank to lose AAA ratings if US pulls out - S&P

[Chase]

S&P Global warns of “unprecedented” U.S. withdrawal from World Bank – Risks it’s triple-A credit ratings​

https://finance.yahoo.com/news/p-global-warns-unprecedented-u-122137813.html

S&P said the current triple-A ratings of the World Bank and other top development banks assume the U.S. remaining in place. Therefore, if Washington were to “limit” its support, any rating change that came as a result of that was likely to be “negative”.

 

[k1976]

Trump Says Modi to Launch Trade Talks After US Unveils Tariffs​

• Threat of reciprocal tariffs casts shadow over Modi’s visit
• US officials highlight energy sales as way to address deficit

Trump Welcomes Modi, Plans to Talk Energy Exports
By Josh Wingrove and Hadriana Lowenkron
13 February 2025 at 11:06 PM SGT
Updated on
14 February 2025 at 11:29 AM SGT

President Donald Trump said Indian Prime Minister Narendra Modi agreed to begin negotiations to address the US trade deficit even as he assailed New Delhi over high duties and defended his moves to implement sweeping new reciprocal tariffs in response.

“Frankly, it no long matters to us what they charge,” Trump said Thursday at a press conference at the White House alongside the visiting Indian leader. “We’re just going to do it the easy way. We’re just going to say, whatever you charge, we charge.”

 

[face the facts]

if the 'rating agencies' rates the bond issues.....who rate the rating agencies?....it had been a sham since i started trading 40 years ago

 

[k1976]

Industries
Finance

HSBC Plans New Round of Investment Bank Job Cuts Next Week​

• Wider layoffs of dealmakers to start in Asia as soon as Monday
• CEO Georges Elhedery continues to overhaul bank, slash costs

WATCH: The latest phase of cuts is set to start in Asia, but will ultimately affect employees globally. Manuel Baigorri reports.Source: Bloomberg
By Bloomberg News
14 February 2025 at 8:09 AM SGT
Updated on
14 February 2025 at 9:40 AM SGT
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HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter.

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people, who asked not to be identified discussing private matters. It’s not clear how many people will be affected by the moves.

 

[laksaboy]

If you haven't realized already, the IMF, World Bank etc are part of the problem.

Of course, the PAP technocrats are globalists and they worship the ground walked on by the WEF, IMF and World Bank demons. The older ones should remember this cringe campaign to welcome the IMF and World Bank delegates when they came to Suntec for their group therapy session in 2006.

The propaganda media also kept emphasizing how the event would 'create jobs' and benefit the economy. Truly shameless.

https://en.wikipedia.org/wiki/Four_Million_Smiles