China
China’s central bank governor has vowed to support the nation’s economic recovery with measured steps. The PBoC plans to shift from focusing mainly on quantitative
August 19, 2024
China’s central bank governor has vowed to support the nation’s economic recovery with measured steps. The PBoC plans to shift from focusing mainly on quantitative
Pakistan’s FX reserves increased by USD 113 mln to approximately USD 9.3 bln as of the week ending. Commercial banks held another USD 5.4 bln,
Paetongtarn Shinawatra, Thaksin Shinawatra’s daughter, is poised to become Thailand’s next PM following her nomination by the Pheu Thai Party. Her leadership arrives at a
Russia declared a federal emergency in the Belgorod region near the border as Ukraine’s military offensive intensified in neighboring Kursk. Russian authorities have ordered further
Armenia appointed Gurgen Arsenyan as its new ambassador to Russia, following his resignation from the ruling Civil Contract Party. This appointment comes amid growing tensions
Kazakhstan plans to introduce export taxes on raw materials such as metals and fuels to address its budget shortfall. The proposed taxes, targeting goods like
Serbian Deputy PM Vulin met with Russian Foreign Minister Lavrov in Moscow to discuss enhancing the Serbian-Russian strategic partnership. Vulin emphasized Serbia’s pride in not
Two weeks after Iran vowed to retaliate for the assassination of a senior Hamas leader, no attack has occurred. Officials believe an attack could happen
The WHO has declared the mpox outbreak in Africa a global health emergency, aiming to contain the virus’s spread. This declaration follows a new strain
Gambia introduced a new draft constitution which, if enacted, would reset presidential term limits, potentially allowing President Adama Barrow to remain in office for an
Kenya’s central bank has lowered its benchmark interest rate to 12.75% from 13%, marking the first rate cut in over four years. This decision was
Nigeria’s annual inflation slowed for the first time in nearly two years, dropping to 33.4% in July from 34.2%. With inflation expected to continue easing,
Nigeria has postponed its planned Eurobond issue, opting instead for a domestic USD bond to fund its deficit and support the naira. The USD 500
The Colombian economy expanded only 2.1% YoY in Q2 202, underscoring President Petro’s push for accelerated monetary easing. Previously, the finance ministry predicted a 1.7%
Guatemala’s trade deficit improved in June, narrowing to USD 1.219 bln from USD 475 bln in May. Meanwhile, the country’s economic activity rose 2.9% YoY
Peru’s economic growth stalled in June, increasing only 0.21% from the previous year, after months of exceeding expectations with growth rates above 5% in April
Malaysia’s GDP grew by 5.9% in Q2 2024, outpacing the previous quarter’s 4.2% increase and exceeding market expectations of 5.5%. The growth was driven by
Official figures show Nepal’s annual consumer price inflation decreased to 5.44% last fiscal year, down from 7.74% the year before. The drop was mainly due
Thailand’s GDP increased by 2.3% YoY in Q2 2024, outpacing the revised 1.6% growth from Q1, driven by positive net trade and a rebound in
Before the weekend, Ukraine claimed that its troops had gained complete control of the Russian town of Sudzha in the Kursk region. It is the
Kazakhstan emphasized prioritizing its economic interests over comprehensive adherence to sanctions against Russia. The deputy PM and the minister of trade noted that the won’t
Mongolia reported a 5.6% YoY GDP growth in H1 2024, a slight decrease from the 6.7% during the same period last year. Other reports showed
Hezbollah fired a barrage of rockets into northern Israel following one of the most severe attacks on Lebanon in over ten months. This action came
S&P raised Cape Verde’s rating to B/B with a stable outlook, citing robust tourism growth. While Cape Verde’s public debt remains high compared to peers,
A strike by aviation staff at Kenya’s Jomo Kenyatta International Airport, initially set for August 19, has been postponed to September 2 to allow more
Nigeria plans to raise ca. USD 2 bln by issuing USD-denominated bonds to domestic investors. The initial offering under this program will be USD 500
Tunisia’s central bank reported that the country’s net FX reserves increased to TND 25 bln on August 16, sufficient for 113 days of imports. That
Bolivia’s President Arce discussed strategies with business leaders to address a USD shortage, including contracting external debt, enhancing exports, and a new law to boost
Colombian President Gustavo Petro signed a decree to halt coal exports to Israel in a bid to pressure Israel to end the conflict in Gaza.
According to a recent survey by Paraguay’s central bank, expectations for interest rates remain steady, with analysts anticipating a reduction to 5.75% by December 2024.