Shares of Amazon (NASDAQ: AMZN) have rallied nearly 600% over the past 10 years. Most of those gains occurred after the company started to separately disclose the growth of its cloud business, Amazon Web Services (AWS), in 2015. AWS also remained the world's largest cloud infrastructure platform by a wide margin, and that scale enabled it to generate consistent profits as its closest competitors -- Microsoft's Azure and Alphabet's Google Cloud -- failed to break even. Read More...
Reuters
India bats for sovereign rating upgrade in review with global agencies – source
India is seeking an upgrade to its sovereign credit rating, currently at the lowest-possible investment grade, as the Asian nation believes its economic metrics have improved considerably since the pandemic, a senior government official said on Monday. The country’s federal finance ministry met representatives from the top three rating agencies–Fitch Ratings, Moody’s Investors Service and S&P Global Ratings–after the government presented its annual budget on Feb. 1, the official said. “Our pitch is that our economic performance calls for an upgrade,” the official said, requesting anonymity as the discussions are private.
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