China
Crude oil prices dropped to approximately USD 75.6/barrel, marking its lowest since early June due to demand worries from China, where total fuel oil imports
July 31, 2024
Crude oil prices dropped to approximately USD 75.6/barrel, marking its lowest since early June due to demand worries from China, where total fuel oil imports
Citi lowered China’s 2024 GDP growth forecast to 4.8% from 5%, citing weak economic momentum and inadequate policy support. The bank observed disappointing growth in
Pakistan’s central bank lowered its key rate by 150 bps to 19.5%, aiming to sustain economic recovery after narrowly avoiding default last summer. The government
Vietnam’s inflation rate rose to 4.12% YoY in the first seven months of 2024, with core inflation at 2.73%. Significant price rises were noted in
Fitch upgraded Azerbaijan’s sovereign credit rating to BBB- from BB+, raising the outlook to stable. This upgrade reflects the nation’s growing FX reserves, expected to
Serbian President Vucic announced the possibility of a referendum on the controversial lithium mining project by late 2025, following its reinstatement earlier this year amid
Tajikistan and Kyrgyzstan have resolved to delineate 94% of their disputed border areas, paving the way for reopening border checkpoints closed since 2021 due to
Egypt’s central bank plans to issue EGP 60 bln (USD 1.24 bln) in T-bills to manage excess liquidity. That follows a withdrawal of EGP 947.1
Ethiopia’s central bank initiated a floating exchange rate for the birr to aid negotiations with the IMF for over USD 10 bln in funding and
Guinea’s government will issue 400 bln Guinean francs in four-year treasury bonds at an annual interest rate of 13.75% on July 31. Additionally, 600 bln
South Africa’s ANC expelled former leader Jacob Zuma after he founded a rival political party, leading to the ANC losing its parliamentary majority for the
Argentine President Milei expressed confidence on Friday that a new agreement with the IMF will be reached within the year, aiming to replace the current
The Dominican Republic’s monthly economic activity index rose by 6.2% YoY in June, an increase from May’s 4.3%, leading to a 5.2% YoY growth for