Business

Moody's Cuts Ratings on Australia's Big Banks on Housing Concern

Moody's Cuts Ratings on Australia's Big Banks on Housing Concern

It reaffirmed their short-term ratings. If Australia's sovereign rating, which is already on a negative outlook, came under pressure, that would have an impact on bank ratings. Banks are carrying an arsenal of cash, as required now by regulators, in preparedness for any downturn in the economy or problems in the housing market but Moody's indicates it is not sure whether it will be enough.



Manny Pacquiao-Jeff Horn bout will be televised live by ESPN

Teddy Atlas, Joe Tessitore, and former junior welterweight and welterweight titleholder Timothy Bradley - who fought Pacquiao 3 times - will be the commentators for the show, according to ESPN. (EDT). The other two undercard bouts of the evening are scheduled to be: Michael Conlan vs. Jarrett Owen and Jerwin Ancajas vs. Teiru Kinoshita . Pacquiao is 59-6-2 over the course of his illustrious career, but he has slipped since 2012, losing three of his last eight fights.


Mohammad Hafeez: Champions Trophy triumph is for all of Pakistan

Mohammad Hafeez: Champions Trophy triumph is for all of Pakistan

Soon after the game, thrilled Pakistan supporters celebrated the triumph by singing from the Oval stand, while some took the streets of London to celebrate. The Blacks didn't win a single game at the tournament, although they were in the driver's seat when rain ended their match against Australia, and this was reflected in the tournament team with Kane Williamson sneaking in as 12th man due to his form with the bat.



Brexit talks to focus first on orderly exit

British and EU Brexit negotiators have agreed how to organise talks on Britain's divorce at a first meeting in Brussels, where both sides stressed goodwill but also the huge complexity and tight deadline. A terms-of-reference document agreed by Mr Barnier and Mr Davis said further talks would be held in the weeks starting on July 17, Aug 28, Sept 18 and Oct 9.



SpiceJet ties with Boeing for 40 737 MAX airplanes

Many are not new orders but conversions from earlier orders for other MAX models. The Paris Air Show is on and Boeing has a new plane. Boeing has unveiled the latest variant of its B737 Max family at this week's Paris Air Show. Boeing has three Dash 10s in its flight test program, which is about one-third complete, according to a report by the FlightGlobal website. The 737 MAX 10 is the largest member of the 737 airplane family, the world's best-selling jetliner family.


Stormont talks: Urgent need to restore devolution says Coveney

Stormont talks: Urgent need to restore devolution says Coveney

Her comments follow warnings by Sinn Féin, the SDLP and the Alliance Party, that a deal with the DUP would undermine the British Government's attempts to restore the power-sharing executive at Stormont. "Having an executive up and running - an executive that can speak for both communities in Northern Ireland - would be a big advantage for Northern Ireland".