China
China is maintaining yuan stability amid pressure from a strong USD and negative investor sentiment, keeping its daily reference rate for the currency broadly unchanged.
May 2, 2024
China is maintaining yuan stability amid pressure from a strong USD and negative investor sentiment, keeping its daily reference rate for the currency broadly unchanged.
The eighth round of India-EU FTA negotiations will begin next month, with India adjusting its negotiating team to expedite the process. Despite both parties showing
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country
The EU and the US promised over USD 356 mln in fresh assistance to Armenia during a meeting between Armenian PM Pashinyan, Secretary of State
The Moldovan authorities published draft amendments to the Constitution declaring accession to the EU as the country’s “strategic goal”. According to the bill, Moldova would
Mongolia’s inflation rose 7% YoY for a second consecutive month in March. That is positive news, as prices in February grew at the slowest rate
S&P upgraded its outlook on Serbia to positive from stable, citing improved fiscal and external profiles. The rating agency left the rating unchanged at BB+
Israeli officials have reported progress in cease-fire negotiations in Gaza, discussing the release of hostages and Palestinian prisoners. This development has sparked controversy among far-right
Cocoa prices in New York spiked due to ongoing concerns over supply shortages, with prices rising to USD 10,000/ton, driven by poor harvests in West
The World Bank has introduced a USD 6 bln portfolio to aid Cote d’Ivoire’s development, focusing on economic growth, energy transition, and finance, leveraging MIGA’s
Egypt’s inflation slowed to 3.33% YoY in March, with food prices, a major inflation component, showing a slower increase, contrary to expectations of a surge
Ethiopia is implementing a series of policy reforms to attract startups and encourage foreign investment. These reforms include eliminating a 30% capital gains tax on
Nigeria is poised to receive USD 1.05 bln from a syndicated loan secured against oil, aiming to bolster the economy and enhance foreign currency availability
Nigeria’s central bank has implemented a ban on using foreign currency as collateral for naira loans, with a 90-day deadline for compliance, with exceptions for
Uganda’s central bank raised its benchmark interest rate to 10.25%, marking the second hike this year due to inflation concerns. With inflation slightly easing to
Argentine President Milei dismissed the idea of speeding up the depreciation of the official foreign exchange rate, insisting on the parity between the official and
Costa Rica’s inflation rate fell by 0.3% MoM in March, marking a continued trend of deflation, with the annual inflation rate standing at -1.2 %.
Peru’s central bank adjusted its 12-month inflation forecast downward to 2.56% from 2.65%, closer to its target. Despite the recent uptick in March’s consumer price