China
Global crude oil prices dropped to around USD 78/barrel, reflecting a weekly decrease of 2.45%. The market remains wary, particularly regarding Chinese demand, amidst sustained
April 8, 2024
Global crude oil prices dropped to around USD 78/barrel, reflecting a weekly decrease of 2.45%. The market remains wary, particularly regarding Chinese demand, amidst sustained
China’s CPI rose to 0.7% YoY in February, surpassing the expected 0.3% and rebounding from January’s 0.8% decline. The uptick, influenced by increased Lunar New
The Tehrik-i-Taliban Pakistan (TTP) has refuted Pakistan’s claims presented to the UN Security Council about its alleged connections with the Afghan Taliban, insisting on its
Analysts noted that Malaysia’s stable Overnight Policy Rate (OPR) at 3% is expected to bolster the ringgit, with forecasts suggesting a narrowing interest rate differential
Amid significant electoral events globally, Russia is reportedly escalating its disinformation campaigns to sow discord among democratic allies, particularly focusing on the upcoming EU and
Azerbaijan’s President Ilham Aliyev anticipates a boost in trade with Russia, following a 17% increase in 2023, nearing USD 4.5 bln. The positive trade trajectory
Tajikistan saw a 4.4% increase in foreign investments in 2023, amounting to USD 2.7 bln. Significant contributions came from Kazakhstan, China, and Russia, with the
As African countries like Nigeria and Egypt adopt structural reforms and more market-friendly monetary policies, money managers are showing increased interest in local debt opportunities.
The UN’s Food and Agriculture Organization (FAO) has issued a warning about the increasing threat to food security in southern Africa due to the El
Moody’s raised Egypt’s credit outlook to positive from negative, acknowledging the country’s recent financial strategies and support from the IMF and bilateral donors. The improved
Ethiopia is reportedly reconsidering its plan to recognize Somaliland, responding to international calls to ease regional tensions. PM Abiy Ahmed, after discussions with Kenyan President
Nigeria’s DMO will list a 350 bln naira sukuk on the Nigerian Exchange and the FMDQ Securities Exchange to enhance liquidity and price discovery. This
Rwanda’s inflation slightly increased to 3.2% YoY in February, up from 3.1% the previous month, with transportation costs pushing the rise. The country witnessed a
Argentina experienced a 36.5% YoY drop in primary spending in real terms, improving from a 30.5% decrease in January. The IMF praised Argentina’s progress with
Colombia’s Inflation increased by 1.1% MoM in February, accelerating from January’s 0.9%, primarily due to rising education costs. YoY, the inflation rate declined to 7.7%
The IADB has pledged USD 160 mln in aid to Haiti to help alleviate the country’s severe political and humanitarian crisis. The funds are designated
Honduras outperformed its fiscal targets, posting a non-financial public sector deficit of 1.3% of GDP, significantly better than the expected 2.0% shortfall per the IMF
The IMF’s Article IV consultation with Jamaica underscored the nation’s robust economic management, marked by reduced public debt, controlled inflation, and a fortified external position.
In other news, Fitch raised Jamaica’s rating to BB- from B+, maintaining a positive outlook. The upgrade is attributed to notable debt reduction achievements and