Oil importers and sovereigns with low exposure to oil and gas are winning out as oil prices tumble on the back of an escalating feud between Saudi Arabia and Russia, which threatens to flood global markets with cheap crude.
11 Mar 2020
Kenya Roads Board (KRB) is set to issue a KES150bn bond on an annual basis over the next five years. The proceeds of the bond will be used to finance infrastructure development.
11 Mar 2020
As global central banks react to the COVID-19 linked global economic slowdown, monetary policy tools may no longer be sufficient to support growth, PineBridge warns in a new analysis.
11 Mar 2020
While copper, the country’s main export, has had a torrid week, Fitch predicts a recovery in 2H2020.
10 Mar 2020
The US Federal Reserve bolstered its repo taps overnight in an attempt to boost market liquidity a day after the MSCI global index lost more than 7% and government bond yields collapsed, the biggest daily drop since the financial crisis.
10 Mar 2020
The “unthinkable” has happened – and has caught the market unaware, says MUFG in a note.
10 Mar 2020
The possibility of a Moody’ downgrading the South African sovereign has long been under discussion. But according to Ettienne Le Roux, Chief Economist and Elena Ilkova, Credit Research Analyst at Rand Merchant Bank, a rating downgrade could provoke a much more severe reaction than the simply exclusion of the country’s debt from global indices.
9 Mar 2020
February marked another difficult month for Kenya’s economy, with fresh PMI data from IHS Markit and Stanbic Bank indicating a second consecutive month of falling business activity.
9 Mar 2020
Credit growth in Mexico in January hit 5.3% in nominal terms and 2% in real terms according to the latest data published by the Bank of Mexico, making it the ninth straight month of single-digit private sector credit growth on record and adding to a growing and worrying list of indicators signalling an economic slowdown.
9 Mar 2020
New data suggests intra-emerging market trade grew well above the long-term trend since 2016 despite intensifying global protectionist currents and trade wars.
9 Mar 2020