New Zealand cuts rates 25 bps

New Zealand's central bank cut its benchmark rate by 25 basis points to 3.25% on Wednesday and flagged a slightly deeper easing cycle than it forecast three months ago, underlining the rising economic risks from a sharp shift in...

Global defaults seen rising in May: Moody’s

Trade disruptions weighing on the economic outlook, and specific sectors’ prospects. After enjoying a reprieve in April, global corporate defaults are expected to rise again in May, says Moody’s Ratings. In a new report, the rating agency said that it expects...