(Reuters) -Fitch maintained Romania’s investment-grade credit status on Friday, keeping its "BBB-" rating after the new government pushed through steps to ease its budget deficit, but the outlook remained "negative" due to persistent financial pressures. A re-run presidential election earlier this year brought centrist Nicusor Dan into power in May after the country’s worst political crisis in ...
(Reuters) -Fitch Ratings on Friday downgraded Spirit Airlines long-term credit rating to ’CCC-’ from ’CCC+’, citing a high likelihood of near-term default. "The downgrade reflects the heightened possibility that Spirit may be unable to avoid a default given its ongoing operating losses and declining liquidity," Fitch said in its report. The move follows Spirit’s warning earlier this wee ...
By Pritam Biswas (Reuters) -Gemini’s revenue fell and losses widened in the first half of 2025, the cryptocurrency exchange said in a U.S. IPO filing, joining a wave of digital-asset firms seeking to tap public markets. Terms of the offering were not disclosed in the filing, made public on Friday. The company reported a net loss of $282.5 million on a total revenue of $68.6 million in the six m ...
(Reuters) -Meta is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter. The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new "TBD Lab," short for to be determined; a products team including the Meta AI assistant; an infrastructure team; and the F ...