India
India’s state-owned refiners are negotiating with Russia to secure a term deal for crude oil supplies, capitalizing on discounted Russian crude to meet the country’s
June 28, 2024
India’s state-owned refiners are negotiating with Russia to secure a term deal for crude oil supplies, capitalizing on discounted Russian crude to meet the country’s
Indonesia and South Korea are issuing USD-denominated bonds, contributing to a significant volume of bond deals IN ASIA. Indonesia is offering Sukuk bonds in five-,
Malaysia’s inflation rate rose to 2.0% in May from 1.8% in April, driven by higher water and various services costs. Despite government interventions to stabilize
Thailand’s Cabinet has approved a 7.6 bln baht budget to address issues related to droughts or floods. PM Thavisin stated that the funds would be
Russia’s weekly crude oil exports dropped significantly, the most in over three months due to maintenance at key export ports Primorsk and Kozmino. Although exports
Ukraine recorded a balance of payments deficit of USD 1.3 bln in April, a shift from a surplus of USD 1.4 bln in April 2023.
Azerbaijan’s central bank sold USD 87.8 mln at its latest FX auction, fully meeting the demand from lenders. The exchange rate was stable at 1.7
Kazakhstan’s National Management Holding Baiterek is set to invest about KZT 3.5 tln (USD 7.5 bln) in the economy in 2024. PM Bektenov emphasized that
Uzbekistan reported a foreign trade turnover of USD 26.7 bln from January to May, with exports at USD 10.8 bln and imports at USD 15.8
Egypt earmarked USD 1.18 bln for additional energy imports, including 300k tons of heavy fuel oil, to address power cuts exacerbated by the summer heat.
The IMF reached a staff-level agreement with Guinea Bissau on economic policies that would grant the country access to approximately USD 7.2 mln under the
Police intervention at anti-government protests over new tax measures led to at least five deaths in Kenya’s capital, with reports suggesting the toll could be
Morocco’s central bank lowered interest rates by 25 bps to 2.75%, the first cut in four years, driven by success in reducing inflation from a
Nigeria’s central bank governor expressed satisfaction with the progress in stabilizing the naira and mitigating its volatility, following a significant interest rate hike to 26.25%
Brazil’s central bank indicated it will not resume monetary easing soon, despite faster-than-expected economic growth and rising inflation expectations. The minutes suggest that the Selic
Colombia’s government detailed a USD 5 bln budget adjustment, primarily reducing operating expenses (67%) and capital expenditures (33%). This adjustment accompanies a diesel price increase