Hong Kong
The APEC summit in Lima concluded with key decisions reflecting the region’s growing importance amid global geopolitical shifts. Tensions between the US and China were
November 18, 2024
The APEC summit in Lima concluded with key decisions reflecting the region’s growing importance amid global geopolitical shifts. Tensions between the US and China were
Peru’s economy is recovering well, with the IMF praising the country’s efforts to manage inflation and growth despite external challenges. Inflation dropped from 8% in
Bolivia’s government will no longer control fuel prices for private companies, allowing them to import and sell fuel at market prices to alleviate shortages. This
South Africa’s credit outlook improved after S&P Global Ratings raised its outlook to positive from stable, boosting the rand and South African bonds. This marks
Senegal’s ruling party is projected to win a landslide victory in the weekend’s legislative elections, securing around three-quarters of parliamentary seats. President Bassirou Faye’s Pastef
The European Council approved an additional EUR 20 mln to support the Rwanda Defense Force’s deployment in Mozambique to combat an Islamic State-backed insurgency. This
S&P downgraded the Republic of Congo’s long-term local currency debt rating from CC to SD following the implementation of a distressed debt exchange. The long-term
Nigeria’s naira is projected to weaken to 2,200 per USD over the next 12 months, with inflation at 30%, according to Charlie Robertson, chief economist
Kenya’s public debt reached KES 10.8 tln (USD 83.5 bln) at the end of September, up from KES 10.6 tln a year earlier. This was
Moody’s upgraded Mongolia’s rating to B2 from B3, reflecting a significant reduction in its debt burden driven by rising mineral revenues and improved debt and
Moldova’s central bank announced that it will use the EUR as its reference currency to set the official exchange rate from January 2025. “The decision
Local Georgian investment bank Galg & Taggart expects remittances to Georgia to have dropped by 17% YoY to USD 3.4 bln. According to the central
Ukrainian Real GDP growth accelerated to 4.1% YoY for the first nine months of the year. Growth was mainly led by domestic demand, with construction,
The US allowed Ukraine to launch strikes inside Russia using American-supplied long-range missiles. This decision is one that the US has long been reluctant to
Thailand’s GDP grew 3.0% YoY in Q3, up from 2.2% in Q2, but analysts believe it may not ease pressure on the central bank to
Two government-related issuers IN ASIA sold USD bonds on Monday, following the busiest week since September. Indonesia raised USD 2.75 bln through a three-part sukuk
Indonesian President Prabowo Subianto reaffirmed the country’s commitment to joining BRICS, highlighting its importance to the global economy. Indonesia formally applied for membership in October
The outlook for emerging market local-currency bonds worsened as investors abandon bets on interest-rate cuts amid growing tariff trade war fears and a surging dollar.
Moody’s downgraded Bangladesh’s sovereign rating to B2 from B1, citing heightened political risks and lower growth prospects. The downgrade reflects challenges faced by the interim
Crude oil prices surged over 3% to USD 69/barrel on Monday, reaching their highest in more than a week, after President Biden approved US long-range