Brazil
Brazil’s retail sector stagnated in May, sending another warning that the country could soon be headed towards a recession. Retail sales rose by 0.1% from
July 14, 2022
Brazil’s retail sector stagnated in May, sending another warning that the country could soon be headed towards a recession. Retail sales rose by 0.1% from
According to Credit Agricole, raising interest rates to ‘punishing levels’ might be the only way to halt a brutal selloff in the Chilean and Colombian
Ghana’s government is hoping to reverse its credit rating downgrades from Fitch, Moody’s and S&P following the country’s request for a $1.5bln bailout package from
The yield on Kenya’s 2024 Eurobonds rose above 20% for the first time, widening the premium over US treasuries to 1,252bps. This comes after a
On Tuesday, the Ethiopian government said it was tasking a UN agency to help reconstruct basic service-providing infrastructure in Tigray, which got destroyed in the
Turkey’s state gas company Botas received a $925mln loan package from Deutsche Bank to finance liquefied natural gas purchases in a bid to reduce the
On Wednesday, Libya’s national oil corporation (NOC) said it was lifting the force majeure at two eastern export terminals, three months into a blockade triggered
In addition to its stance on the Russia-Ukraine war, Serbia has now also taken a contrarian stance on joining new EU sanctions against Iran. Serbia is the
The US cut its outlook for Ukraine’s 2022 wheat harvest by 2mln tons as farmers find themselves unable to reap all the grain they planted
The EU agreed to provide a $1bln emergency loan package to support Ukraine’s urgent needs. The loan is part of a new macro-financial assistance package
On Wednesday, Russian and Ukrainian military delegations held their governments’ first face-to-face talks in months as they tried to reach an agreement on a UN
Philippine’s central bank unexpectedly raised its key interest rate by75bps to 3.25%, after policymakers previously downplayed the need for a large interest rate hike to
Pakistan reached a staff-level agreement with the IMF to resume a loan program. The next loan tranche is expected to be $1.2bln while the total
China’s trade surplus hit a record high in June as exports surged after the country emerged from its crippling lockdowns. The trade balance climbed to