China
Crude oil prices stabilized at around USD 73/barrel after a three-session decline, influenced by a surprise increase in US crude inventories and developments in Middle
August 22, 2024
Crude oil prices stabilized at around USD 73/barrel after a three-session decline, influenced by a surprise increase in US crude inventories and developments in Middle
JPMorgan dropped a proposal that would have significantly reduced China’s representation in its GBI-EM index. The bank initially considered lowering China’s weighting from 10% to
Moody’s affirmed Vietnam’s Ba2 rating with a stable outlook, recognizing the country’s robust growth, trade dynamism, and attractiveness to foreign investors. That is balanced against
Russia is seeing a continued decrease in seaborne oil flows, with a significant drop in exports from its Sakhalin Island terminal in Asia. The four-week
Ukraine’s PM stated the country will require at least USD 38 bln in external financing next year, matching the amount planned for this year. The
Albania’s EU-harmonized index of consumer prices (HICP) remained steady with an increase of 2.5% YoY in July, consistent with the growth rate observed in June.
Azerbaijan has officially applied to join the BRICS group. The Foreign Ministry spokesman confirmed the application, noting Azerbaijan’s interest in joining the expanded group, which
Kazakhstan plans to boost its grain exports to China, targeting three million tons following bilateral discussions. The country’s agricultural product turnover surged by 1.7 times
Iran-backed Palestinian groups claimed responsibility for a recent attack in Tel Aviv, warning of further operations amid Israel’s military actions in Gaza. The incident coincided
Botswana redirected 1.3 bln pula to address the severe drought conditions affecting the country, which is the worst in decades due to El Nino. This
Nigeria reintroduced a gasoline subsidy, resulting in the Nigerian National Petroleum Corp. (NNPC) being owed USD 4.9 bln by the government this year. This debt
Senegal formed a commission of experts to reassess its oil and gas contracts as it joins the ranks of oil producers. The country is expected
Uganda’s trade deficit narrowed by 3% YoY to USD 247.9 mln in June, with the ministry revising the May deficit down significantly from USD 352.7
The Brazilian real fell by 1% following Central Bank President Roberto Campos Neto’s comments indicating that future interest rate hikes may not meet market expectations.
Costa Rica’s trade deficit declined to USD 325 mln in July from USD 389 mln a year prior. Exports rose by 10.2% YoY, while imports
Jamaica’s central bank cut its policy rate by 25 bps to 6.75%. The MPC also decided to gradually reduce the central bank’s liquidity absorption from