OUTLOOK

2022 - 10 - 31

Best's Market Segment Report: AM Best Maintains Stable Outlook on ... (Business Wire)

AM Best is maintaining its stable market segment outlook on Vietnam's non-life insurance segment, citing market growth underpinned by economic tailwin.

As term deposits and fixed income instruments make up most of the non-life segment’s total investments, a gradual recovery of interest rates to pre-pandemic levels is viewed to be supportive of the market’s non-technical earnings and overall operating performance,” said Michael Dunckley, director, analytics, AM Best. According to the report, non-life insurers in Vietnam are expected to benefit from rising domestic interest rates that are supportive of investment income. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. In addition, a new insurance business law that takes effect at the start of 2023 may lead to increased participation of foreign players and potentially greater market competition over time. “These regulatory changes should strengthen the market’s financial resilience and promote risk transparency as it matures,” said Chris Lim, senior financial analyst, AM Best. Also, Vietnam could benefit from “friendshoring,” a recent trend whereby firms look to mitigate supply chain risks by diversifying part of their raw material sources, manufacturing or logistical capabilities to countries with shared values.

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Image courtesy of "Surfline.com Surf News"

Outlook: Monster Low Forming To Our South (Surfline.com Surf News)

South Oz, Victoria and Tasmania to be slammed by a massive winter look-a-like, NSW just gets a tickle.

[Pt Leo](https://www.surfline.com/surf-report/point-leo/5842041f4e65fad6a7708c0f) [Lorne Pt](https://www.surfline.com/surf-report/lorne-point/584204204e65fad6a77092b8?camId=61ad9aaab0a0316af3628d32) [Mid North Coast](https://www.surfline.com/surf-forecasts/mid-north-coast/5e7a8030af5f4117b6c30c90) [SA South Coast](https://www.surfline.com/surf-forecasts/south-coast/58581a836630e24c448790e4) [Surf Coast](https://www.surfline.com/surf-forecasts/torquay/58581a836630e24c44879055) A sharp drop in air temps and fresh westerly winds behind the cold front on Tuesday should greet this little NE swell with a full day of crisp pseudo-wintry offshore conditions. A broad cold front crossing the coast overnight Monday briefly pushes on the fetch, leading to continuing fun-sized NE swell across Newcastle, Sydney and Wollongong on Tuesday morning, slightly bigger south of Batemans Bay. Surf may get some relief before the weekend as conditions settle. Also, overlapping phases of mid and short period waves will produce dangerous currents and unpredictable water movements, so again, watch it. A secondary, larger phase of SSW swell development comes as another cold front sweeps in from the south-west. The storm’s immediate aim into SA and Vic will leave almost everywhere windblown and full of chop, as a spike of short period (9-10sec) WSW swell arrives. A monster low pressure system is pulling together south of the Great Australian Bight today and will deepen into an extreme weather system as it dives under Tasmania by Tuesday.

Fitch Affirms Westpac NZ's Mortgage Covered Bonds at 'AAA ... (Fitch Ratings)

Fitch Ratings-Sydney-31 October 2022: Fitch Ratings has affirmed Westpac New Zealand Limited's (WNZL, A+/Stable/F1) NZD3.8 billion outstanding mortgage.

Research: Moody's affirms ICBC-AXA's A2 IFSR; outlook stable ... (Moody's)

Hong Kong , October 31, 2022 -- Moody's Investors Service ("Moody's") has affirmed the A2 insurance financial strength rating (IFSR) of ICBC-AXA Assurance ...

(“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody's Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. All information contained herein is obtained by MOODY’S from sources believed by it to be accurate and reliable. CREDIT RATINGS ISSUED BY MOODY'S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. and/or their licensors and affiliates (collectively, “MOODY’S”).

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Image courtesy of "ArchDaily"

Women on Construction Sites: Our Community Shares their ... (ArchDaily)

Site work has always been and remains a pivotal stage in forming our built environment. Most architects, designers or engineers have at one point or another ...

[Women in Architecture](https://www.archdaily.com/tag/archdaily-topic-2022-women-in-architecture) and on construction sites. " In my second job as a construction manager, the team leader didn't look me in the eyes when I spoke to him, and if I asked him something, he would reply to my male colleague. In Austria, things are changing for the better, as women take up more and more engineering and architecture." " As a builder, it happened to me that other workers on site didn't want to speak to me about work, but always with my boss (not because it's my boss but because he's a man and I'm a woman). " In a situation where I was the lead designer and running the project on-site, the contractor and builders did not direct their queries to me but rather went through another (male) architect that was working on the project with me. In addition to the minimal tasks that were given to them, most staff did not like the fact that a lady is working on-site." " I've been running the site and been called darlin' and sweetheart. I was left out of the loop not because I was incompetent but because they felt that could deal with/solve the queries they had." Generally, in Chile, the culture of construction workers tends to undermine the skills of technical professionals and other jobs when performed by women. The form was open to all members of the building community, and our users were not asked to identify themselves in terms of gender. We were able to place the feedback into recurring themes including, Dismissal and Lack of Professional Consideration; Uncomfortable Work Environment and Harassment; Positive Discrimination or No Discrimination, and Impact on Professional Growth and Discouragement. We lead the open call with no intention of developing a scientific research survey but to engage our global community and gather diverse accounts from different regions to highlight a small part of a much larger reality.

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Image courtesy of "Seymour Tribune"

Business Outlook Panel set for Nov. 14 - Seymour Tribune (Seymour Tribune)

Experts from Indiana University and Columbus will soon present an economic forecast for 2023. The Indiana Business Outlook Panel tour is returning this ...

Sponsors include the Columbus Area Chamber of Commerce, Centra Credit Union and IUPUC’s business division. Powell also is associate dean of Kelley academic programs in Indianapolis and a clinical associate professor of business economics and public policy. According to the Columbus Area Chamber of Commerce, proceeds from the local event support scholarships for IUPUC business students.

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Image courtesy of "GlobeSt.com"

Outlook For Industrial Investment Remains Strong (GlobeSt.com)

The outlook for industrial investment returns remains positive despite a shifting capital markets landscape, according to a recent survey of industry ...

[New York Metro](/markets/new-york-metro/) [New Jersey](/markets/new-jersey/) [Miami](/markets/miami/) [Washington, D.C. - - Markets

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Image courtesy of "MakeUseOf"

Microsoft Is Working on a Productivity-Boosting Feature for Outlook (MakeUseOf)

Called "Focus Time," the upcoming feature will let you schedule quiet times directly from Outlook's calendar.

We'll have to see how the tool works when we get to use it for ourselves come January 2023. And it's equally likely that the company will either introduce more focus-based tools, or enhance its existing ones, in the near future. Now that lots of people are working from home, things get a little more distracting. As such, it's important that people can customize which apps can send notifications, and when. However, the company has set a tentative release date for sometime in January 2023. With its newer iterations of Windows, Microsoft has added some handy features that disable notifications and help you get work done uninterrupted.

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Image courtesy of "Neowin"

This upcoming feature in Outlook will let you work uninterrupted (Neowin)

Microsoft will soon introduce a new feature to Outlook Calendar, helping you work uninterrupted. The tech giant is currently working on it, but you will not ...

[Microsoft 365 Roadmap page](https://www.microsoft.com/en-in/microsoft-365/roadmap?filters=In%20development%2CNew%20Last%20Week%2COutlook), Focus Time should be available to all Outlook clients in the month of January 2023. When it arrives for everyone, you will be able to schedule your focus events direct from the Outlook Calendar. Although Microsoft has not shown us how users will be able to set it up, the most likely scenario is that the Focus Time along with "Free,", "Tentative", "Busy," "Working Elsewhere," and "Out of Office" options will be available when you start creating a new event from Outlook Calendar. Google Calendar and Microsoft's own Viva Insights app allow users to schedule their focus events. The beginning of 2023 is also when Microsoft is planning to add a new feature for its e-mail client to help users better concentrate on their work. It is quite similar to

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Image courtesy of "Bloomberg"

Moody's Lifts Eskom Outlook to Positive for 1st Time in 15 Years (Bloomberg)

Moody's Investors Service raised its outlook on Eskom Holdings SOC Ltd.'s debt ratings to positive for the first time since 2007 after South African Finance ...

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Image courtesy of "Reuters"

Dutch chemicals group DSM cuts profit target as costs soar (Reuters)

Dutch specialty chemicals maker DSM on Tuesday lowered its 2022 outlook after it saw energy and raw material cost inflation accelerate in Europe in the ...

Register for free to Reuters and know the full story It also cited its targeted focus on driving working capital and cashflow for the outlook cut. DSM said it expected the widening gap between costs and prices to impact its fourth-quarter earnings.

Moody's changes Eskom's outlook to positive; affirms ratings (Moody's)

London, October 31, 2022 -- Moody's Investors Service (Moody's) has today affirmed the Caa1 long-term Corporate Family Rating (CFR) of Eskom Holdings SOC ...

For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the EU and is endorsed by Moody's Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Alternatively, please see the Rating Methodologies page on [https://ratings.moodys.com](https://ratings.moodys.com) for a copy of these methodologies. For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For further information on Moody's approach to national scale credit ratings, please refer to Moody's Credit rating Methodology published in August 2022 entitled "Mapping National Scale Ratings from Global Scale Ratings Methodology". Under Moody's Government-Related Issuers Methodology (GRI), the Caa1 rating of Eskom reflects the company's BCA of caa3, coupled with Moody's assumptions of strong support from the government and very high dependence. Concurrently, Moody's has affirmed the Caa1 ratings of the zero coupon senior unsecured Eurobonds and the Caa2 ratings of the senior unsecured global medium term notes of Eskom, as well as the (P)Caa2 rating on its Global MTN program. In particular, Eskom's ratings could be upgraded if it became clear that the company will be put on a more sustainable footing and will be able to make progress towards addressing its other challenges including around tariffs and operational performance. Moody's has also affirmed the Caa2-PD probability of default rating (PDR), the B1.za national scale long-term Corporate Family Rating, and the caa3 Baseline Credit Assessment (BCA) of Eskom. On 26 October, South Africa's Minister of Finance announced that the government would take over a significant portion of Eskom's debt [1]. London, October 31, 2022 -- Moody's Investors Service (Moody's) has today affirmed the Caa1 long-term Corporate Family Rating (CFR) of Eskom Holdings SOC Limited (Eskom).

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Image courtesy of "eNCA"

Moody's changes Eskom's outlook to positive (eNCA)

The announcement comes after Finance Minister Enoch Godongwana announced plans to provide debt relief to Eskom to address the utility's liquidity challenges.

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Image courtesy of "CNBC"

China's economy could rebound soon, but longer-term growth will ... (CNBC)

Decoupling, a weak global economy and an expected reopening following years of strict Covid measures are factors affecting the outlook for China.

Now China's probably going to be more like other countries," he added. "Decoupling is a negative sum game that hurts both countries. He pointed to the trend of deglobalization, friction between the U.S. We disagree," Ethan Harris wrote in a BofA Global Research note published Friday. "Beyond the near-term rebound in growth we see ongoing downward pressure on potential or trend growth in China," he said, pointing to a return to "more of a command economy" and concerns that are dampening foreign investment flows. - "Beyond the near-term rebound in growth we see ongoing downward pressure on potential or trend growth in China," said Ethan Harris of Bank of America Securities.

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