China
Crude oil prices dropped to USD 80.5/barrel, the lowest in three weeks, amid ongoing losses driven by concerns over reduced demand from China’s economic slowdown.
July 18, 2024
Crude oil prices dropped to USD 80.5/barrel, the lowest in three weeks, amid ongoing losses driven by concerns over reduced demand from China’s economic slowdown.
Recent data indicating persistent economic weakness in China has led global banks to reduce their growth forecasts, prompting calls for increased government stimulus. After the
Two years after leadership changes at the Bank of Laos, its head, Sinxayvoravong, has been removed amidst a reshuffle, indicating growing concerns over the country’s
Malaysia’s economy is projected to grow by 4.7% in 2024, supported by strong domestic and recovering external demand, AMRO. Positive labor market conditions and the
KP Sharma Oli has been appointed Nepal’s PM for the fourth time. Despite concerns about his pro-China stance and potential involvement with China’s BRI, Oli’s
Vietnam is experiencing an end to its period of low interest rates, with deposit rates rising and making it challenging to maintain low lending rates.
An IMF team has commenced discussions with Ukrainian officials, focusing on the country’s fiscal policy for 2024 and the medium term. Meanwhile, the EC is
Armenia and Azerbaijan have achieved significant advancements in their peace negotiations, according to US State Department Spokesperson Miller. He noted that finalizing a peace agreement
Uzbekistan’s central bank increased its gold purchases by 18.7% in Q2 2024, amounting to UZS 26.4 tln (USD 2 bln) compared to the same period
CIA Director Bill Burns reported that Yahya Sinwar, the Hamas leader in Gaza, faces pressure from his military commanders to accept a ceasefire in the
The Central Bank of the UAE Ethiopia’s central bank signed a bilateral currency swap agreement. The deal involves swapping local currencies up to a nominal
Kenya is gearing up for more anti-government protests as initiatives proposed by President Ruto to resolve the nation’s political turmoil seem to have faltered. Activists
Uganda is currently discussing a new loan package with the IMF as the USD 1 bln ECF established in 2021 nears its conclusion. This program
Australia’s Peak Rare Earths has entered into a non-binding indicative term sheet with a consortium of African lenders for a USD 176.6 mln loan to
The Zambia Pension Fund has committed to lending USD 200 mln to a coal power project, costing ca. USD 400 mln, with USD 100 mln
Bolivian President Acre announced the discovery of a significant natural gas reserve estimated at 1.7 tln cubic feet in the Mayaya field. He touted it
Colombian President Petro criticized the banking and energy sectors in a speech following the signing of the newly approved pension reform. He also attributed the