Japan
The US is lobbying allies, including the Netherlands, Germany, South Korea, and Japan, to tighten restrictions on China’s semiconductor access, aiming to block gaps in
April 4, 2024
The US is lobbying allies, including the Netherlands, Germany, South Korea, and Japan, to tighten restrictions on China’s semiconductor access, aiming to block gaps in
In other news, China’s top economic planners defended a 5% growth target for the year, signaling potential liquidity enhancements, despite market reactions and economist forecasts
India’s central bank governor anticipates the economy growing nearly 8% in the FY23-24, outpacing government forecasts and marking one of the world’s fastest growth rates.
The Philippines’ inflation rate hit 3.4% YoY in February, reversing a four-month slowing trend, with rice prices up 23.7%, the highest since February 2009. Transport
Sri Lankan officials are advocating for a loan repayment suspension until 2028 to navigate the country’s financial recovery post-bankruptcy. The president proposed to Parliament a
Russia’s seaborne crude shipments dipped to a monthly low due to high winds at the Kozmino port, impacting ESPO crude exports. Despite the Sokol crude
Moody’s noted a high likelihood of Azerbaijani government backing for major banks, citing the sovereign wealth fund and central bank reserves surpassing 100% of GDP
Kazakhstan aims to boost its oil exports through Azerbaijan, targeting 1.5 mln tons in 2024 via the BTC pipeline. This plan was disclosed during discussions
Following the IMF’s 2023 Article IV review, the fund noted that Kyrgyzstan’s economy showed robust growth in 2023, fueled by construction and trade. Despite regional
Uzbekistan secured deals totaling USD 700 mln with the International Islamic Trade Finance Corporation, aiming to bolster trade, business, and food security. The agreements encompass
Algeria and Iran have inked MoUs to enhance cooperation in various sectors, including gas and oil, reflecting Algeria’s ambition to increase gas production for rising
Egypt devalued its currency by over 38%, coupled with its largest-ever interest rate hike with a 600 bps hike, as it anticipates further IMF loans
Ghana is defying Eurobond investors’ demands for a restructuring sweetener on USD 13 bln of debt, challenging a self-set deadline. Investors propose tying interest payments
Kenya’s January remittances surged by 18.04% YoY in January, totaling USD 412.4 mln, with North America contributing USD 227.8 mln (55.2% of the total) and
Senegalese lawmakers deliberated an amnesty bill for acts related to recent deadly protests, amid controversy over its implications for justice and political maneuvering. The bill,
South Africa’s platinum sector, representing 70% of global supply, faces a downturn with job cuts and profit losses as prices drop. Recent reports from major
Uganda’s central bank hiked its benchmark rate by 50 bps 10% in an unexpected move to tackle inflation and stabilize the shilling. This rate adjustment,
Argentina’s fiscal data for Q3 2023 shows a decrease in the primary surplus to 3.9% of total revenue for provinces with external bonds, down from
Costa Rica plans to propose a bill for selling the state-owned Banco de Costa Rica (BCR) by mid-March, marking the government’s third privatization attempt. The
Peru’s PM, Alberto Otarola, resigned amid corruption allegations, impacting President Dina Boluarte’s administration. His departure follows recent ministerial changes and occurs as the government navigates