Fiscal Risks

Friday, 29 September 2023

Latest News for: Fiscal risks

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Argentina to end Income Tax as election spending spurs inflation

Hindustan Times 29 Sep 2023

The lost revenue via income taxes, combined with increased fiscal spending, heightens risks to Argentina’s $44 billion program with the International Monetary Fund after Massa had committed to austerity in August.

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Vail Resorts Reports Fiscal 2023 Fourth Quarter and Full Year Results and Provides Fiscal 2024 Outlook

Longview News-Journal 28 Sep 2023

... policies or guidelines; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2023, which was filed on September 28, 2023.

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Moody’s: Mexico’s fiscal strategy must be credible to maintain stable outlook

La Prensa Latina 28 Sep 2023

“The 2024 budget has indeed disrupted the perception of fiscal management that we expected in Mexico,” Merino added. Mauro Leos, associate director of sovereign risk at Moody’s, argued that beyond the presidential election and its outcome, it is the fiscal management that could affect the country’s future prospects.

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Public borrowing could be £40bn higher than forecast by 2027, warns IFS

The Daily Mail 28 Sep 2023

This represents a non-trivial risk to the accuracy of official borrowing forecasts, and potentially to fiscal sustainability', IFS economist Isabel Stockton, said ... 'That would provide fewer opportunities for headline-grabbing policy measures, and would probably improve the quality of fiscal policymaking more generally.' ... Capital at risk.

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UK's IFS sees 90% chance of budget deficit overshoot by 2027/28

Reuters 28 Sep 2023

LONDON, Sept 28 (Reuters) - Britain's Institute for Fiscal Studies (IFS) estimated on Thursday that there ... This represents a non-trivial risk to the accuracy of official borrowing forecasts, and potentially to fiscal sustainability," IFS economist Isabel Stockton said.

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Italy’s fiscal weakness toughens its green plight

Reuters 28 Sep 2023

MILAN, Sept 28 (Reuters Breakingviews) - Giorgia Meloni’s bond market honeymoon is over ... She will likely turn to fiscal amnesties, privatisations and spending cuts, with little left for additional investments ... The risk is that Rome's green transition becomes a victim of its fiscal challenges. (By Lisa Jucca). Follow @Breakingviews on X ... Read Next.

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Nomura upgrades stance on Indian market to ‘overweight’; Reliance, ITC among top picks

Financial Express 28 Sep 2023

Intense politicking into May 2024 elections, China re-rotation and sustained high oil prices are potential risks,” Nomura analysts Chetan Seth, Anshuman Agarwal and Ankit Yadav said ... In terms of risks, Nomura said sustained high oil prices, China re-rotation and the general elections in 2024 are the key risks for the Indian markets.

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Tokyo stocks end lower over U.S. rate hike fears

China.dot.org 28 Sep 2023

TOKYO, Sept ... monetary tightening ... As the trading day witnessed a tendency for rebalancing sales by institutional investors before the end of the fiscal quarter, market observers here believed that market sentiment was weighed down by concerns over the risk that the U.S ... government agencies starting next month.

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Genasys Announces Pricing of $10 Million Public Offering of Common Stock

The Eagle-Tribune 28 Sep 2023

These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements ... For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2022.

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ADB downgrades Bhutan’s growth forecast for 2023 but upgrades the year after

Kuensel 28 Sep 2023

While Bhutan’s growth is heavily reliant on energy, the completion of new hydropower plants, such as the Nikachhu and Punatsangchhu-II plants, is expected to mitigate the risks associated with energy production ... Other risks include limited fiscal space and a steady emigration of skilled workers to advanced economies.

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After all the Fed rate moves, will US economy get a soft landing?

Gulf News 28 Sep 2023

all risk-assets, especially equities, are also under pressure in another painful sequence of positive correlation ... recession risk is not immaterial, at all. To some extent, the economic impact of monetary tightening has been counter-balanced by fiscal largesse.

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Workday and ADP Expand Partnership to Deliver Enhanced Global Payroll, Compliance, and HR for Joint Customers

Victoria Advocate 28 Sep 2023

Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our Form 10-Q for the fiscal quarter ended July 31, 2023, and other reports that we have and will file with the SEC from time to time, which could cause actual results to vary from expectations.

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Aware Launches Partner Program, Empowering Both Large and Midmarket Technology Providers to ...

The Eagle-Tribune 28 Sep 2023

Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2022 and other reports and filings made with the Securities and Exchange Commission.

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Washington Trust Announces Settlement with U.S. Department of Justice

The Eagle-Tribune 28 Sep 2023

In addition, the factors described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as updated by our Quarterly Reports on Form 10-Q and other filings submitted to the SEC, may result in these differences.

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