China
OPEC+ has agreed to maintain its oil supply cut of 2 mln bpd until the end of June to stabilize oil prices and address potential
April 1, 2024
OPEC+ has agreed to maintain its oil supply cut of 2 mln bpd until the end of June to stabilize oil prices and address potential
Thomas Jordan will retire as the Swiss National Bank’s president, ending a notable tenure marked by his leadership through global financial and currency challenges. His
Bangladesh’s inward remittances soared by 38.5% YoY in February, reaching USD 2.16 bln, the highest in eight months. This increase reflects the significant contributions from
Malaysia’s Employees Provident Fund declared an increased dividend for 2023, with conventional savings dividends at 5.5% (50.33 bln ringgit) and Shariah-compliant accounts at 5.4%, up
Shehbaz Sharif has been re-elected as Pakistan’s PM, leading a coalition that excludes Imran Khan’s party, with 201 votes in the National Assembly. His re-election
Ukraine’s finance minister emphasized the need for USD 3 bln monthly in external support to cope with economic strains from the ongoing conflict, noting the
Azerbaijan’s central bank reserves showed a slight increase to USD 11.65 bln, up from the previous month, reflecting a careful management strategy that includes substantial
Kazakhstan has lifted certain financial restrictions, allowing free withdrawal and export of EAEU member states’ currencies and investment coins like Altyn Barys gold and Kumis
Serbia plans to hold a new city council election in Belgrade, prompted by a previous inconclusive vote and failed attempts to form the council, with
The US stated that Israel is willing to enter a six-week ceasefire with Hamas, conditional on the release of specific vulnerable hostages. That follows a
Yemen’s Houthi rebels, backed by Iran, vow to continue targeting British ships in the Gulf of Aden, escalating tensions after a UK-owned vessel was sunk.
The IMF anticipates Iraq’s breakeven oil price will exceed USD 90/barrel due to rising government spending. Despite a fiscal surplus in 2022, Iraq faces a
Egypt has received a USD 5 bln deposit from the UAE, a part of a broader USD 35 bln investment strategy aimed at developing a
Moody’s upgraded Ivory Coast’s credit rating to Ba2, noting economic resilience and rising private sector investment, equating it with Brazil and South Africa and moving
Kenya and Haiti have signed a security pact for the deployment of 1,000 Kenyan police to combat Haiti’s severe gang violence, following a Kenyan court’s
The trade relationship between Morocco and Israel has deteriorated, with a 60% decrease in trade, deviating sharply from the previous year’s 128% growth and falling
TotalEnergies SE’s financiers are considering releasing funds to resume the Mozambique LNG project, halted in 2021 due to insurgency threats. The project, essential for gas
Nigeria’s central bank revoked the licenses of 4,173 bureau de change operators for failing to meet regulatory standards, including financial compliance, operational reporting, and anti-money
South Africa’s manufacturing sentiment improved in February, with the Absa Group PMI rising to 51.7, reflecting a resurgence in demand and production. This positive shift
Fitch kept Uganda’s rating (IDR) at B+’ with a Negative Outlook, citing external financing and liquidity challenges, reduced concessional financing, revenue collection issues, and rising
Brazil’s economy outperformed expectations in 2023, achieving a 2.9% growth rate under President Lula da Silva’s new administration. This growth exceeded the initial forecasts, which
Colombian President Gustavo Petro is considering reallocating funds from the Fonpet, a regional pension fund, to enhance subsidies for the country’s vulnerable populations. Petro outlined
Costa Rica’s 2024 borrowing strategy plans to issue 4.7% of GDP in local debt, totaling CRC 2.3 tln, primarily in fixed-rate local currency securities, with
Honduras’ annual inflation rate slowed to 4.5% in February from 5.0% in January. The MoM inflation rate saw a rise of 0.68%, marking an uptick
OPEC+ has agreed to maintain its oil supply cut of 2 mln bpd until the end of June to stabilize oil prices and address potential
Thomas Jordan will retire as the Swiss National Bank’s president, ending a notable tenure marked by his leadership through global financial and currency challenges. His
Bangladesh’s inward remittances soared by 38.5% YoY in February, reaching USD 2.16 bln, the highest in eight months. This increase reflects the significant contributions from
Malaysia’s Employees Provident Fund declared an increased dividend for 2023, with conventional savings dividends at 5.5% (50.33 bln ringgit) and Shariah-compliant accounts at 5.4%, up
Shehbaz Sharif has been re-elected as Pakistan’s PM, leading a coalition that excludes Imran Khan’s party, with 201 votes in the National Assembly. His re-election
Ukraine’s finance minister emphasized the need for USD 3 bln monthly in external support to cope with economic strains from the ongoing conflict, noting the