China
China is issuing warnings regarding the ongoing bond market rally, cautioning investors about potential overvaluations and speculative trading. The central bank held its key interest
June 20, 2024
China is issuing warnings regarding the ongoing bond market rally, cautioning investors about potential overvaluations and speculative trading. The central bank held its key interest
India’s stock market surpassed a valuation of USD 5 tln for the first time, buoyed by the re-election of PM Modi and the continuity of
The Philippines’ overseas remittances inflows rose to USD 2.86 bln in April, up 3.1% YoY, contributing to a cumulative increase of 2.8% this year. The
Sri Lanka’s economy grew 5.3% in Q1 2024, surpassing expectations and marking a recovery from a severe FX crisis. This growth is highlighted by an
Negotiations to restructure Ukraine’s USD 20 bln in international bonds faltered as creditors resisted the proposed terms, which included significant losses. This development comes as
The IMF concluded its third review under Armenia’s stand-by arrangement, providing an additional USD 24.5 mln in funding. While Armenia’s economy showed robust growth of
The World Bank allocated USD 40 mln to aid Moldova in managing the impacts of the Ukrainian refugee crisis and other economic pressures stemming from
PM Netanyahu dissolved the Israeli war cabinet overseeing conflicts with Hamas and Hezbollah, aiming to consolidate decision-making power. This move follows the resignation of Benny
Senegal’s government announced plans to cut prices on essential items like rice, oil, and bread by removing taxes and customs duties on importers. This initiative,
Morgan Stanley strategists are advocating investment in South Africa’s local-currency bonds, particularly those due in 2035, expecting the new government to continue pro-reform policies. They
The IMF approved a USD 800 mln draw for Argentina, confirming that the USD 44 bln program is on track. This approval follows Argentina’s meeting
Brazil’s central bank is tussling with rising inflation expectations and declining confidence in its monetary policy. That follows a contentious split vote, which opposed directors
Costa Rica’s Legislative Assembly approved the first debate on joining the CAF. This involves a USD 303 mln capital contribution over five years, potentially granting
Jamaica registered a notable current account surplus amounting to 3.0% of GDP in 2023, reversing from the previous year’s deficit. While the trade deficit widened,