Latest News for: Fiscal risks

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IMF Executive Board Concludes 2021 Article IV Consultation with Switzerland

International Monetary Fund 21 Jun 2021
Also playing important roles were strong pre-pandemic fiscal, financial sector, and household buffers, robust exports (pharmaceuticals, chemicals, gold), low dependency on contact-facing sectors, a capable health system, and targeted containment ... Recovery has commenced, but risks and uncertainty are high, dominated by the pandemic.
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Cities and counties should use budget surpluses to pay down benefit liabilities

Daily Bulletin 21 Jun 2021
Whether the city pays down the OPEB liability itself or transfers the burden to an insurance company, it is reducing the risk that retirees will lose the health care benefits in a future fiscal crisis—just as Stockton’s retirees did when that city went bankrupt.
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Central Bank Head Matolcsy Warns 2022 Overspending Could Fuel Inflation

Hungary Today 21 Jun 2021
I believe the decision is a mistake, as it unnecessarily builds significant risk into the operation of the Hungarian economy,” he said ... “The Hungarian economy does not require a high fiscal deficit to re-start in 2022, instead a return to the earlier path of balance is possible and necessary,” Matolcsy said.
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Navistar Announces Conditional Full Redemption Of 6.625% Senior Notes Due 2025

News-Press Now 21 Jun 2021
... with the SEC on�January 29, 2021, the quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2021, which was filed with the SEC on June 8, 2021 and in its other filings made with the SEC from time to time, which are available via the SEC's website at�www.sec.gov.
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Navistar Announces Extension Of The Redemption Date For Its 9.500% Senior Secured Notes

News-Press Now 21 Jun 2021
... with the SEC on�January 29, 2021, the quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2021, which was filed with the SEC on June 8, 2021 and in its other filings made with the SEC from time to time, which are available via the SEC's website at�www.sec.gov.
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Westlake Significantly Expands its Presence in the Growing North American Home Construction Materials Markets by ...

The Marshall News Messenger 21 Jun 2021
the timing to consummate the proposed transaction; the conditions to closing of the proposed transaction may not be satisfied or the closing of the proposed transaction otherwise does not occur; the risk that HSR approval is not obtained or is obtained subject to conditions that ...
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N.J. tax breaks coming thanks to huge surplus, Murphy and top Dems announce

NJ dot com 21 Jun 2021
The state Treasury Department last week raised its revenue forecast for this fiscal year by $4.1 billion and next year’s by $1.1 billion ... Lawmakers, however, have remained wary of enacting major tax cuts or new programs with what’s largely been characterized as one-time revenue, and given the risk of a looming fiscal cliff.
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Flushing Financial Corporation Announces Investor Presentation For The Stockbroker Club With ...

Omaha World-Herald 21 Jun 2021
... to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and in other documents filed by the Company with the Securities and Exchange Commission from time to time.
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Go wants 'win-win' solution in military pension reform

The Manila Times 21 Jun 2021
His version of the proposed pension reform law for military and other uniformed personnel, as indicated in Senate Bill (SB) 1419 which he filed in 2020, seeks to attain fiscal stability and sustainability of the pension system without prejudice to current pensioners and those in active service.
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Has the pandemic created a wave of “zombie companies”?

Moneyweek 21 Jun 2021
But a much more important factor is “the ample supply of credit, facilitated by unprecedented monetary and fiscal support” ... But rather than another financial crisis, there is an alternative outcome which markets judge more likely, notes Authers, at least judging by the lack of default risk priced into the riskiest corporate debt.
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Bally's Corporation Announces Arrangement With Boot Hill Casino & Resort To Launch Mobile Sportsbook In Kansas

News-Press Now 21 Jun 2021
Forward-looking statements are not guarantees and are subject to risks and uncertainties ... "Risk Factors" of Bally's Annual Report on Form 10–K for the fiscal year ended December 31, 2020 as filed with SEC on March 10, 2021 and other filings with the SEC ... Cancer, heart attacks pose high risk for men.
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The Biden Budget's Arithmetic Problem

Wall Street Journal 20 Jun 2021
Many economists, including Lawrence Summers, have highlighted the risks of the budget’s fiscal profligacy, namely inflation. But going deeper, the budget creates structural fiscal risks by crowding out future spending on things unrelated to the Biden administration’s social agenda.
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The big fiscal dilemma

The Jakarta Post 20 Jun 2021
But the World Bank warned in its latest report on Indonesian economy that premature fiscal consolidation risks deepening the economic crisis and paradoxically delaying the achievement of the deficit limit. A premature withdrawal of fiscal support could jeopardize the recovery and increase absolute poverty.
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India’s path to the Cornwall Consensus goes via China

Live Mint 20 Jun 2021
The consensus is dead, long live the consensus ... It even inspired multilateral financial institutions to weave this philosophy into lending programmes ... private entities are not keen to finance long-term projects in difficult ‘geographies’ where they have no control over political, macroeconomic, fiscal or even project implementation risks ... .
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Crisil downgrades BHEL rating on long-term bank facilities, outlook negative

Live Mint 19 Jun 2021
Crisil said the rating downgrade reflects weakening of business and financial risk profile of the business and financial risk profile of BHEL, on account of significantly weaker-than-expected operating performance in fiscal 2021, and operating losses reported for the second consecutive year.

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