Macro
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
24 May 2016
On The Horizon in EMs
Deals, rating actions, currency movements, policy changes, and the occasional bit of hearsay. Here is your daily snapshot of what’s happening, and what’s on the horizon, in emerging markets.
23 May 2016
An investment exit on Brexit?
Although the possibility of Brexit looms above the financial community, the impact of such an event is unlikely to significantly alter the investment strategies of large British institutional investors as Central and Eastern European investment levels are low.
23 May 2016
African debt issuance dries up – for now
The scarcity of corporate bond issuances across Sub Saharan Africa follows a lack of sovereign issuance, with South Africa being the only country in the region to issue on the international markets this year. It appears that many corporates are reassessing their capital expenditure plans and funding needs, while states planning debt sales may wait until after a US interest rate rise.
19 May 2016
Basel III: Risk, Liquidity, and Capital in the Middle East
With liquidity rapidly tightening and Basel III slowly coming into effect both formally and informally across the GCC, banks in the region are undergoing a significant transformation as they adjust to the capital adequacy, liquidity and risk management techniques outlined in the framework. But questions are being raised about whether the new capital rules will put the brakes on UAE banks’ rapid…
16 May 2016
Despite a positive outlook, investors to become increasingly picky on EM assets
Although the strong performance of emerging markets looks set to continue, the rally has slowed. Investors are now taking a longer view and are beginning to become much more careful about which investment opportunities they pick.
12 May 2016
GCC banks face cash crunch
Both Islamic and conventional banks will face slower asset growth over the next two years due to a number of factors interrelate factors leading to thinning liquidity, with some of the region’s banks expected to hit the market with capital raising issuances in the run-up to Ramadan.
10 May 2016
Video: Usman Ahmed, Head of Fixed Income, Emirates NBD Asset Management
How have outside factors affected the debt markets in the GCC?
10 May 2016
In China, cloud surrounds capital outflows and FX reserves
Although the latest figures on China show that foreign currency reserves increased last month, the performance of the various hard currencies used in its FX basket means it is difficult to track exactly whether China saved or spent.
10 May 2016
Could China Dominate the World’s Fixed Income Markets?
China has changed the world. After three decades of consistent high growth rates, China has become central to our thinking about where to manufacture goods and how capital flows around the globe. Many countries are now experiencing a slowdown due to lower oil and commodity prices – and this development can be traced back to China’s recent and ongoing deceleration.
9 May 2016