Daily Roundup

Argentina mulls new capital market rules – CBQ plans new debt issuance – South Africa’s ANC aims to win over the unemployed – NY Fed Chief warns September rate rise on the cards

Aug 16, 2016 // 5:08PM

  • Argentina is mulling the introduction of new capital markets rules aimed at boosting expenditure in the country, according to the country's MinFin Alfonso Prat-Gay
  • Brazil's economic activity index rose 0.23% month-on-month from June, the second monthly rise in almost two years
  • The Central Bank of Qatar is planning to offer QAR3bn (US$825mn) in government bonds in its first domestic bond sale this year, according to bank officials
  • Kazakhstan’s Central Bank kept its key interest rate unchanged at 13%
  • Fitch Ratings expects this week's Chilean regulated electricity auction to pressure prices for contracts starting in 2021, the CRA said in a recent note
  • South Africa's ruling party, the African National Congress, is expected to press the government to prioritise job creation and poverty alleviation in the national budget at a series of high level cabinet meetings this week, according to a report from Bloomberg
  • Appearing on Fox News, New York Fed Chief William Dudley has cautioned markets not to rule out a September rate hike following an FOMC meeting that month despite concerns over uncertainty in the run-up to US elections in November
  • Industrial production in Russia fell 0.3% year-on-year according to recently published figures, while analysts predicted 0.8% growth. Production expanded 0.2% from the previous month, down form 1.6% growth in June.
  • The Bank Sentral Republik Indonesia plans to adopt a 7-day Repo rate instead of a 12-month Repo rate as a key benchmark rate at the end of this week following plans initially announced in April this year
  • Taiwanese chipmaker Winbond Electronics has signed a NT12bn (US$382.8mn) syndicated loan agreement with 17 local banks in Taiwan, the company announced
  • Israeli CPI rose 0.4% in July, higher than analysts expected and the fourth consecutive month of higher prices
  • Moody's downgraded Hong Kong based commodities trader Noble Group’s rating and the senior unsecured bond ratings to 'B2' from 'Ba3' with a negative outlook. The move was widely expected by analysts

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