Day: July 13, 2022

Mexico

During a White House meeting, Mexican president Andres Obrador offered to double the gasoline supply to border gas stations for American consumers as gasoline is

Argentina

In her first press conference after being appointed economy minister, Silvina Batakis said Argentina would continue to work to balance its fiscal accounts, promote positive

South Africa

The South African rand weakened beyond 17 per USD, the weakest level since September 2020, as the rand’s resilience is tested by fears of a

Mali

On Tuesday, Mali’s government arrested dozens of soldiers coming from Côte d’Ivoire to stage a coup. The news comes after leaders of West Africa’s regional

Ghana

Ghana postponed this week’s mid-term budget review until initial meetings with the IMF for an economic program conclude. Last month, the country abandoned a policy

Serbia

Serbia’s annual inflation rate rose to 11.9% in June from 10.4% in May. Separately, the county is seeking an agreement with Azerbaijan to secure its gas

Kazakhstan

Kazakhstan’s central bank governor said there is no room to lower the bank’s key interest rate. The key interest rate will only decrease if inflation falls

Ukraine

Ukraine’s state-owned energy firm NJSC Naftogaz is asking holders for roughly $1.4bln of its bonds to delay debt payments to preserve liquidity for gas purchases.

Russia

President Putin will visit Iran next week, a day after the US warned that Tehran could provide Russia with unmanned aerial vehicles for its action

Sri Lanka

According to a Sri Lankan Air force official, president Gotabaya Rajapaksa fled the country to the Maldives. Rajapaksa has yet to sign in his resignation

Philippines

The Philippines’ trade deficit increased sharply to $5.68bln in May from $3.18bln in April due to weakening global demand and persistent supply chain disruption. Exports

Pakistan

Pakistan’s interior minister Rana Sanaullah lashed out at the IMF and said the government accepted the lender’s unfavorable terms, but the IMF did not disburse

Malaysia

Malaysia’s palm oil reserves hit a seven-month high as output rebounded and exports sank. Malaysian exports declined 13.3% after surging almost 30% in May. Meanwhile,

China

The offshore Chinese yuan depreciated past 6.72 per USD, hitting its lowest level in nearly a month, as resurgent Covid-19 outbreaks fueled fears of lockdowns