Fitch Ratings

Fitch Ratings Sees Strait of Hormuz Reopening in July

Fitch trims India's growth forecast to 6.4% as Middle East turmoil clouds outlook

This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs. Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier.

Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained

Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil markets are likely to move back into surplus once shipping through the Strait of Hormuz resumes, despite the sharp rise in prices caused by the closure of the key maritime route, the report says. “Oil prices will be lower if Hormuz reopens earlier.

China trade defies Iran war drag as exports, imports beat estimates in May

China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.

Indonesia passes bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...

Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank. Parliament passed the bill by acclamation, with support from all parties, according to the deputy speaker, Sufmi Dasco Ahmad, who led Thursday's plenary session. The bill,...