Brazil
Brazil’s Ba1 credit rating was affirmed by Moody’s, but the outlook was downgraded to stable from positive. The agency cited deteriorating debt affordability and slow
June 3, 2025
Brazil’s Ba1 credit rating was affirmed by Moody’s, but the outlook was downgraded to stable from positive. The agency cited deteriorating debt affordability and slow
Bolivia’s latest Ipsos CiesMori poll showed businessman Samuel Doria Medina leading with 19.1% ahead of ex-president Jorge Quiroga (18.4%) and leftist Senate President Rodriguez (14.2%).
Eastern & Southern African Trade Development Bank (TDB) warned that losses from sovereign debt restructurings (e.g., Ghana, Zambia) could hurt regional banks’ credit ratings and
Uganda’s Umeme Limited escalated its compensation claim against the government to USD 292 mln after its 20-year power concession expired. The government has paid USD
Ghana’s Special Prosecutor re-issued an arrest warrant for former finance minister Ken Ofori-Atta, who failed to appear for questioning related to payments for projects including
Iran’s free trade agreement with the Eurasian Economic Union (EAEU) came into effect, cutting tariffs on 87% of goods traded with Russia, Kazakhstan, Armenia, and
Serbia’s gas imports from Azerbaijan surged nearly 8x in Q1 2025, as part of Azerbaijan’s expanded gas supply to six countries including Italy, Georgia, and
Kyrgyzstan banned the transit of Russian timber through its territory to third countries, enforcing a Russian export quota decree from March 2022. The move aims
Azerbaijan boosted gas exports in Q1 2025, led by Turkey (39.3% share), followed by Italy (38.8%) and Georgia (12%). Serbia increased its imports nearly 8-fold,
Russia’s GDP grew 1.4% YoY in Q1 2025, sharply down from 5.4% in Q1 2024, and the weakest pace since the post-sanctions recovery began. The
Vietnam signed MoUs to buy over USD 2 bln in US agricultural, forestry, and fishery goods during a US visit by Minister Do Duc Duy.
India and the US are nearing a trade deal, with US Commerce Secretary Lutnick citing strong momentum and shared benefits. He stressed the need to
The USD index (DXY) edged toward 99 on Tuesday, recovering after earlier losses despite weak manufacturing data and rising trade tensions. Trump threatened to double