Day: June 14, 2023

Peru

According to Peruvian finance minister Contreras, Private investment in the country likely declined by 7.1% in Q2 2023 due to political instability. However, Contreras anticipates

Guatemala

Guatemala’s constitutional court has ordered a re-audit of some ballot tally sheets from last week’s election following an injunction filed by 14 political parties. The

Senegal

International bonds from Senegal rallied as investors appreciated President Macky Sall’s decision not to pursue a third term, which is expected to reduce the risk

Kenya

Kenya’s economy exceeded expectations with faster growth in the first quarter due to a boost in the agriculture sector, which grew 5.8% from a year

Ghana

The Ghanaian cedi depreciated 11.21% against the USD since the start of 2023, marking it among African currencies with the Worst Spot Returns. Despite this,

Angola

Angola’s annual economic growth fell to a two-year low of 0.3% in Q1 2023 from 2.6% in the previous three-month period. The oil sector, crucial

Kosovo

On Tuesday, the leaders of the Netherlands and Luxembourg expressed that the normalization of relations between Kosovo and Serbia would not only bolster regional peace

Kazakhstan

The Kazakh government has begun taking gasoline via Russia’s Gazpromneft, and talks are ongoing for more supply. The discussions are for as much as 40,000

Russia

The Russian government is implementing measures to allow its foreign-currency-denominated Eurobonds to be exchanged for new notes in RUB, potentially enabling some investors to evade

Vietnam

Vietnam’s PM Pham Minh Chinh has urged the central bank to adopt “more flexible, loosening” monetary policies to support businesses and stimulate production as part

Sri Lanka

Sri Lanka’s trade gap widened to USD 447 mln in May from USD 403 mln in the same month last year as imports rose and

Philippines

The Philippines’ annual inflation rate declined to 5.4% in June from 6.1% in May, the lowest rate since May 2022, mainly driven by the slowest

Pakistan

Pakistan’s rupee witnessed a significant surge due to the optimism surrounding the IMF bailout, which is expected to increase the demand for the nation’s assets.

Russia

Asia’s oil refiners, which account for around a third of the world’s fuel consumption, are considering alternative sources for crude oil. This shift comes as

China

In response to persistent inflation, officials in the US and EU are maintaining their tightening measures. This strategy is expected to further diverge global monetary