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INX:SPGI, Jul 13, 09:50 UTC

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Thursday, July 02


News

Baystreet.ca - S&P Global Ratings Revises Up Its Forecast For Canada’s Economic Growth

SPGI

S&P Global Ratings has upwardly revised its projections for Canada’s economic outlook for 2020 and 2021 while reaffirming its top credit rating on the country’s debt. "Canada’s recovery will occur in two stages: a near-term bounce in aggregate demand and employment activity as lockdown restrictions ease, followed by a more gradual, protracted, and uneven improvement in the economy," the ratings agency said in a statement. S&P’s positive outlook comes after rival Fitch Ratings removed its highest investment grade rating on the nation, citing a deterioration of its public finances resulting from the COVID-19 pandemic. The aggregated budget deficit for federal, provincial and municipal governments is on track to reach 11.6% of Canada’s gross domestic product (GDP) for 2020 and 2.6% next year, S&P said.

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Wednesday, July 01


News

Norway's Hydro a Triple Win at S&P Global Platts Global Metals Awards

SPGI

LONDON, July 1, 2020 /PRNewswire/ -- Hydro, a fully integrated aluminum company operating in 40 countries and with more than 100 years of experience in renewable energy, walked away with a triple win at the S&P Global Platts Global Metals Awards, scoring Metals Company of the Year,Aluminum Industry Leadership, andBreakthrough Solution of the Yearawards. Honorees from three continents and nine countries were heralded at the first-ever virtual celebration of the Global Metals Awards event, as its host, governments, businesses and industries adjusted to a new normal brought on by the need to contain the spread of COVID-19. In its selection of Hydro for top honors in three categories, the Global Metals Awards' independent judging panel lauded the company and its management for a number of accomplishments, including its sustainability strategy and performance record, as well as its strong and swift rebound from a significant cyber-attack in early 2019. "We congratulate Hydro on this impressive triple-crown performance, as well as the accomplishments of each of this year's winners and finalists. Their steadfast contributions to the health of the metals industry are especially noteworthy during this period of market change," saidMartin Fraenkel, president of S&P Global Platts.

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Thursday, June 25


News

Oil pricing agencies Platts, Argus launch new U.S. crude benchmarks

SPGI

LONDON/NEW YORK (Reuters) - After U.S. crude futures took an historic plunge into negative territory in April, the two top oil price reporting agencies said on Thursday they will start new benchmarks reflecting the price of Gulf Coast-traded crude on tankers, a break from the old landlocked system. Both S&P Global Platts and Argus Media will launch U.S. Gulf Coast assessments on June 26 to reflect light, sweet oil loaded for shipment from there. WTI oil futures crashed as low as minus-$40 a barrel on April 20, as lockdowns to contain the spread of the novel coronavirus knocked out nearly a third of global oil demand, trapping holders of U.S. crude futures with oil they could not sell or store before the contract expired. "Cushing has for several years failed to represent the economics of crude oil in this market. Market participants have called for a benchmark that correctly reflects the core of the physical market in the Gulf Coast, rather than a landlocked financial value," said Richard Swann, Americas editorial director at S&P Global Platts.

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Wednesday, June 24


News

TopBuild Set to Join S&P MidCap 400; Retail Properties of America and Brandywine Realty Trust to Join S&P SmallCap 600

SPGI

NEW YORK, June 24, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, June 30:. S&P SmallCap 600 constituent TopBuild Corp. (NYSE: BLD) will replace Tech Data Corp. (NASD: TECD) in the S&P MidCap 400, and Retail Properties of America Inc. (NYSE: RPAI) will replace TopBuild in the S&P SmallCap 600. Apollo Global Management Inc. (NYSE: APO) is acquiring Tech Data in a deal expected to be completed on or around June 30 pending final conditions. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com. FOR MORE INFORMATION:.

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Tuesday, June 23


News

S&P Dow Jones Indices Announces Change to the S&P/TSX Canadian Dividend Aristocrats Index

SPGI

TORONTO, June 23, 2020 /CNW/ - S&P Dow Jones Indices announces the following index change to the S&P/TSX Canadian Dividend Aristocrats Index as a result of the monthly dividend review. Change will be effective prior to the open of trading on Thursday, July 2, 2020. S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

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Monday, June 22


News

Grocery Outlet Holding Set to Join S&P MidCap 400; Brinker International to Join S&P SmallCap 600

SPGI

NEW YORK, June 22, 2020 /PRNewswire/ -- Grocery Outlet Holding Corp. (NASD: GO) will replace Brinker International Inc. (NYSE: EAT) in the S&P MidCap 400 and Brinker International will replace Anixter International Inc. (NYSE: AXE) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 25. Brinker International is more representative of the small-cap market space. Grocery Outlet Holdings owns and operates a chain of grocery stores. Headquartered in Emeryville, CA the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Food Retail Sub-Industry index.

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Sunday, June 21


News

India's GDP likely to rebound to 8.5% in 2022, migrant crisis prevails

SPGI

It indicates a way to close an interaction, or dismiss a notification. Meanwhile, a forgotten social community has been wiped off of India's population data and has failed to secure a government representative on the presumption that their numbers have dwindled to a mere 296. India's economy is likely to rebound by 8.5% in 2022 after suffering a deep contraction in the current fiscal year, according to S&P Global. However, the world's fifth-largest economy is faced with both a migrant crisis of epic proportions and community distress as tens of thousands struggle to persevere during the pandemic in one of the world's most populous nations. In 2020, GDP fell to an 11-year low of less than 5%. Aspects that will support India's economic rebound include the country's "wide range of structural trends, including healthy demographics and competitive unit labor costs," S&P said. If implemented efficiently, economic reforms could support the rebound.

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Wednesday, June 17


News

Independent Bank Group Set to Join S&P SmallCap 600

SPGI

Independent Bank Group Set to Join S&P SmallCap 600. NEW YORK, June 17, 2020 /PRNewswire/ -- Independent Bank Group Inc. (NASD: IBTX) will replace Progenics Pharmaceuticals Inc. (NASD: PGNX) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, June 22. S&P Small-Cap 600 constituent Lantheus Holdings Inc. (NASD: LNTH) is acquiring Progenics Pharmaceuticals in a deal expected to be completed on or about June 19 pending final conditions. Headquartered in McKinney, TX the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

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Friday, June 12


News

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 Index

SPGI

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index and S&P/TSX 60 Index. TORONTO, June 12, 2020 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020:. S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

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Friday, May 22


News

S&P Dow Jones Indices Announces Change to the S&P/TSX Canadian Dividend Aristocrats Index

SPGI

TORONTO , May 22, 2020 /CNW/ - S&P Dow Jones Indices announces the following index change to the S&P/TSX Canadian Dividend Aristocrats Index as a result of the monthly dividend review. Change will be effective prior to the open of trading on Monday, June 1, 2020 . S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

Read Full Details

Topics:
  • Business
  • Financial