Wedged between Brazil and Argentina—two neighbors with serious economic problems—Uruguay is an attractive foreign direct investment alternative in Latin America.
At a lavish ceremony last month, the Egyptian government inaugurated the new Suez Canal, marking an expansion of the original project, which dates to 1869.
Capital Markets | Foreign Exchange
The executive board of the International Monetary Fund recently held an informal meeting to discuss a staff report that found some deficiencies in the renminbi as a potential reserve currency.
Patrick Njoroge was named governor of the Central Bank of Kenya in June, part of a broader change in leadership at the Central Bank, including a new chairman and second deputy governor.
Trends | Sovereign Funds & Trade
This summer US Congress passed a law giving president Barack Obama the authority to “fast-track” free-trade pacts such as the multinational Trans-Pacific Partnership (or TPP), which covers around 40% of trade in American goods and 60% of trade in Asian goods.
A wobbly administration and a plunge in commodities prices have triggered one of the nation’s toughest years in recent memory.
Major rating agencies are chasing each other in downgrading Brazil, as the country struggles with recession, a spiraling devaluation of the real and a damaging political crisis.
Capital Markets | Economic Transition
As China makes the transition to a consumer-led economy, it has the potential to generate an incremental $15 trillion in consumer spending over the next decade, according to a report by think tank The Demand Institute.
The recent devaluation of the renminbi by Chinese authorities is yet more proof that currency markets do not go on vacation in August.
CEE Regional Report
The unorthodox policies of prime minister Viktor Orbán may be controversial, but they’ve helped kick-start the country’s economy. Most of the other CEE nations are also mounting turnarounds..
Capital Markets | Fixed Income
Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.
GCC Regional Report 2015 | Oil Prices
GCC countries are weathering low oil prices surprisingly well, cushioned by sovereign funds, economic diversification and development.
At the beginning of the summer, credit insurance company Coface issued its monthly list of upgrades and downgrades of country risk.
Capital Markets | Debt
Jaws dropped in June, when scandal-plagued Petrobras, the Brazilian oil company, announced plans to come to market with a 100-year bond. Who in their right mind would lend $2.5 billion for a century to an emerging markets company that in April wrote off $17 billion in overvalued assets and billions more in bribes?
Frontier Markets Report | Myanmar is wide open in terms of investment prospects, and its opportunities are luring investors—despite the risks.
Country Report | Egypt
Egypt may be on the verge of a major turnaround, as the most populous country in the Arab world looks set for sustained growth, lower unemployment and a manufacturing renaissance under president Abdel Fattah al-Sisi.