Tag Archives: emerging markets

Band Susan Mathew Worries over Ukraine pushed emerging market stocks and currencies lower on Friday after strong gains in the past two sessions, while the ruble rallied ahead of the more expected Russian central bank policy decision. late in the day. Japan and Australia imposed sanctions on Russia as peace …

The Russian-Ukrainian crisis is expected to inflict further setbacks on growth in emerging markets which are already slow to recover from the COVID-19 pandemic WASHINGTON, United States — Persistently high oil prices sparked by Russia’s invasion of Ukraine could shave one percentage point off the growth of major oil-importing developing …

Summary Russian assets are expelled from global indices as the war continues. Global worries about rising energy prices/inflation persist, but central banks in EMEA/LATAM and Emerging Asia are reacting differently. Russian sanctions The economic and commercial consequences of the Russian military campaign in Ukraine continue to accumulate. increasingly international companies …

Feb 7 (Reuters) – Most emerging market currencies rose on Monday, taking support from a stable dollar, although a surprise jump in U.S. jobs data last week bolstered bets for a more aggressive Federal Reserve, casting a pall over the outlook for emerging assets. An index of emerging market currencies …

A US dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey on November 23, 2021. REUTERS / Murad Sezer Register now for FREE and unlimited access to Reuters.com Register now ISTANBUL, Jan. 3 (Reuters) – The Turkish lira fell 5% on Monday after …

ANKARA, Turkey – The Turkish lira has recorded its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his call on Friday, December 31, for Turks to trust his unorthodox policies of cutting back taxes. interest rates in the face of soaring inflation. The lira …

Turkey’s Treasury and Finance Minister claimed that the United States Federal Reserve was not owned by the American public but rather belonged to five wealthy families, drawing criticism from economists. In a television interview with CNN Turk news channel yesterday, Nureddin Nebati – appointed by President Recep Tayyip Erdogan in …

Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …

Mexican bank raises rates by 50bp Brazil c.bank lowers economic outlook for 2022, signals further increases Argentina’s economy grows 11.9% in the third quarter Dec. 16 (Reuters) – The Mexican peso surged on Thursday as the central bank hiked more than expected in response to rising inflation, while most other …

Wed 15-12-2021 17:15 PM DUBAI, December 15, 2021 (WAM) – Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, today met Makhtar Diop, Managing Director of the International Finance Corporation (IFC) and his accompanying delegation. The meeting, held on the sidelines of Expo 2020 Dubai, aimed to discuss …

The Ankara government has few options available as long as President Recep Tayyip ErdoÄŸan remains committed to lowering borrowing rates to accelerate economic growth and increase exports even under conditions of inflation exceeding 20%, which erodes the disposable income of ordinary citizens. Either the currency crisis becomes severe enough for …

Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …

* The Mexican economy is contracting more than expected * Inflation in Brazil reaches its highest level in almost 20 years * Turkish lira up 0.7%; Holds ground after cenbank minutes * Hungarian forint moves away from all-time lows By Susan Mathew Nov 25 (Reuters) – Latin American currencies lagged …

A bureau de change counts Turkish lira banknotes at a bureau de change in Ankara, Turkey on November 11, 2021. REUTERS / Cagla Gurdogan ISTANBUL, Nov.22 (Reuters) – The Turkish lira strengthened to less than 11.2 per dollar on Monday, after hitting a record high late last week after the …

While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …

ANKARA, Nov. 18 (Reuters) – Turkish opposition leaders called for an immediate snap election on Thursday after the pound plunged 6% to a new low following the central bank’s decision to cut rates on interest under pressure from President Tayyip Erdogan. The pound has seen its worst day since a …

Emerging market equities were under pressure for the second consecutive session, as fears of high global inflation added to fears of a Chinese slowdown and tighter financing conditions in the United States. The emerging FTSE index, a broad barometer of developing country stocks, fell about 1% on Thursday in US …

Fears that Turkey could face another currency crisis continue to intensify, Capital Economics said on November 16, with the sharp depreciation of the Turkish lira in recent weeks showing little sign of slowing down. “The currency broke through the psychologically important level of 10 / $ at the end of …

November 6, 2021 IN LAST MONTHS the global economy ended up looking like an undercooked dinner in the microwave: usually hot, but with a few bits just lukewarm and others positively scorching. Global consumer prices are expected to rise 4.8% this year, according to the IMF, which is said to …

So-called “crypto-assets” have recently been the focus of attention by regulators of G20 economies. This article will argue that the G20 has both the opportunity and the responsibility to coordinate these efforts to ensure that the building blocks of the next generation of decentralized finance (DeFi) and the internet are …

Turkish President Recep Tayyip Erdogan, who is due for re-election by June 2023. OZAN ​​KOSE / AFP via Getty Images Text size Like a flabby old horse under a drunken cowboy, the Turkish economy is holding up despite President Recep Erdogan. The 67-year-old leader could lose his grip after 18 …

* Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead to losses in China and Russia as commodity prices fall * US telecommunications regulator revokes authorization from China Telecom By Susan Mathew October 28 (Reuters) – Emerging market equities fell for a third session on Thursday as …

By Karin Strohecker LONDON, Oct.26 (Reuters) – The Turkish lira enjoyed a rally of relief on Tuesday, moving away from its latest all-time low amid a diplomatic crisis that saw the currency head towards the 10 against the dollar . But the latest rout has put new emphasis on vulnerabilities …

* Turkish lira hits seventh consecutive record * Chinese equities lower the MSCI EM index * Inflation of Czech producers over 28 years old By Ambar Warrick Oct. 18 (Reuters) – Emerging market stocks and currencies fell on Monday as data showing slower-than-expected Chinese economic growth rocked sentiment, while investors …

An excavator is seen at a construction site for new residential buildings in Shanghai, China in this file photo from March 21, 2016. REUTERS / Aly Chanson / File Photo Chinese growth and corporate earnings in the US and Europe, including the results of the blockbuster FAANGs, will give the …

It’s another volatile month for the markets. In the United States, FAANG’s giant stocks – Facebook, Apple, Amazon, Netflix and Google – have suffered repeat massive sell-offs, with Apple’s market capitalization alone falling by $ 290 billion, or roughly Toyota’s total value over the past four weeks. Natal lips Born …

Posted October 11, 2021 Nigeria was ranked sixth among the 10 countries most exposed to funds and support from the International Finance Corporation, which is a member of the World Bank Group, which focuses on the private sector in emerging markets and developing economies. . This was featured in the …

As part of a post-coronavirus economic recovery attempt, a number of Gulf countries have introduced new immigration measures to help attract skilled foreign workers. One of the main players on this front has been the United Arab Emirates, which is launching 50 new projects and initiatives to boost diversification efforts. …

The struggling Turkish Lira hit a record low of 8.96 per dollar last week and trading trends since then indicate that the bears could outweigh traders expecting a rally. The lira touched 8.936 per dollar on Wednesday before recovering. It was trading down 0.1% at 8.875 to the dollar Thursday …

Oct. 1 (Reuters) – Emerging market equities fell 0.7% on Friday, marking an austere start to the fourth quarter amid slowing growth and rising inflation concerns, as they headed towards their fourth week of losses for the first time in more than two years. The MSCI Emerging Markets Equity Index …

Japanese market sentiment has been subdued for much of the past year, with investors unsure of how the Covid-19 pandemic would unfold or who the next man in the White House would be. Then, two weeks after the we presidential election, there has been a resumption of investment activity in …

Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut recalls the apocryphal story of mother’s pride in her son during a military parade. The source of his pride was that his son was the only one in the parade who, in his mind at least, was marching. …

* China and Hong Kong stocks rise as tech and real estate stocks recover * MSCI EMFX, the equity index both fall by 0.2% * Russian ruble is sluggish, up 0.5% * BlackRock slightly overweight Chinese equities (adds BlackRock, S&P EM outlook) Sept. 28 (Reuters) – New evidence of slowing …

By Geoffrey Smith Investing.com – The dollar opened flat against the euro on Monday after a narrow center-left victory in the German parliamentary elections. The center-left Social Democratic Party won the largest share of the vote, with preliminary estimates showing it at 26%, two percentage points ahead of the center-right …

(Bloomberg) – Global monetary policy is expected to remain very loose until 2022, even as central banks are on the verge of reducing their emergency support in the face of mounting inflationary pressures. Last week, the US Federal Reserve announced it would begin by cutting back on massive bond purchases …

A merchant counts Turkish Lira banknotes at the Grand Bazaar in Istanbul, Turkey on March 29, 2019. REUTERS / Murad Sezer / File Photo ANKARA, Sept. 24 (Reuters) – The Turkish lira hit an all-time low against the dollar on Friday, the day after an unexpected interest rate cut by …

COINS Turkish lira at historic low The Turkish lira fell to near an all-time high yesterday, a day after a surprise rate cut by the Turkish central bank, as broader emerging market currencies headed for their third consecutive weekly loss amid fears the group Chinese Evergrande (恆大 集團) is not …

The Turkish lira came close to its all-time low on Friday, driven by the flight of foreign investors but dampened by local bargain hunting, a day after the central bank unexpectedly cut interest rates and gave out that little indication of how far it might go. The currency – prone …

– Limited GBP / TRY increase if USD / TRY stays below 8.80– Would struggle at 12.14 as GBP rallies against USD– But analysts’ bearish TRY views suggest upside risks Above: Governor of the CBRT Åžahap KavcıoÄŸlu. Image © CBRT Reference rate GBP / TRY at publication: Location: 12.05 Bank …

* S.African cenbank holds rates, raises GDP forecast * Brazil cenbank hikes by 100 bps * Brazil cenbank tone less hawkish than expected -analyst * Rising inflation in Mexico spurs rate hike bets * Turkish lira drops after 100 bps rate cut By Susan Mathew Sept 23 (Reuters) - Central …

Spending the minimum of USD 250,000 required to obtain Turkish citizenship will allow you to acquire a sizable apartment in Istanbul with a view of the Bosphorus. It sounds like a great place to live, but is it a good investment? When Turkey launched its citizenship by investment program, you …

(Bloomberg) – The chorus of emerging market bears intensifies as the China Evergrande group debt crisis turns an already risky week into a minefield. Fidelity International and Nordea Investment expect developing country currencies to weaken further as the real estate giant’s financial saga reveals flaws in China’s growth engine. Citigroup …

An alcoholic beverage is simply any beverage containing ethanol / ethyl alcohol. Beer, wine, and spirits all begin with a process called fermentation, which is the natural result of the yeasts digestion of sugars in ingredients like fruits, grains, or other starches. Fermentation produces two substances: ethanol and carbon dioxide. …

(Corrects a typographical error in the first paragraph) * HK stocks clear session losses to trade up 0.6% * Evergrande down 3%, Sinic plunges 87% after S&P downgrade * MSCI EM stock index stagnates as HK tech declines * Emerging foreign exchange firms; South African rand ends 5-day losing streak …

* EM stocks, currencies hit one-month low * EM Asia debt metric hits April lows * Cenbank meetings in U.S., Brazil, Turkey eyed this week * Argentine peso falls after Fernandez reshuffles cabinet By Susan Mathew Sept 20 (Reuters) - Concerns over fallout from a possible default by property developer …

* The MSCI EM Stock Index is set for the worst session in a month * Evergrande reaches its lowest level in 11 years * Cenbank meeting this week includes US, Turkey and South Africa * S&P revises outlook for Botswana to “stable” By Susan Mathew Sept. 20 (Reuters) – …

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Foreign investors have started tiptoeing back into the Turkish debt market after severe turmoil at the start of the year, but many remain deeply skeptical about the prospects for one of the …

* Chinese factories, retailers stumble * Fitch warns of economic effects from China if Evergrande defaults * South African rand falls, JPM recommends selling * Turkey increases reserve requirement ratios for foreign exchange liabilities By Susan Mathew Sept. 15 (Reuters) – Weak Chinese data and the woes of Evergrande cast …

August 21, 2021 WASHINGTON DC IYOUR SUMMER a few long months for the emerging world. Punitive temperatures – July was the hottest month on record in the world, according to recent analysis – stoked fires on Turkey’s Mediterranean shores and scorched Russia’s wheat fields. Covid-19 is raging in countries with …

* JPM, Morgan Stanley and Goldman cut Chinese GDP growth forecast * Chinese stocks rally on hopes of loose monetary policy * Turkish flat lira, cenbank decision on Thursday By Susan Mathew Aug. 9 (Reuters) – Chinese stocks rallied on Monday in hopes of monetary policy easing, but failed to …

* Turkish inflation reaches 18.95% in July, more than expected * Tencent drops 6% after media attack * Russian ruble up for the 7th consecutive session; oil Aug 3 (Reuters) – Rising inflation pushed the Turkish lira to seven-week highs on Tuesday as Chinese games company Tencent fell, concerns over …

SINGAPORE: The ongoing turmoil in South Africa is putting the political risks of emerging markets (EM) to the fore, and traders are looking for currencies vulnerable to political vagaries and playing them against their more stable peers. Citigroup Inc and Deutsche Bank AG were among lenders advising investors to short …

* Read up 1.3% this week * Rand worst weekly performance, down more than 2% * The Polish zloty lags its peers in the EEC this week By Ambar Warrick July 16 (Reuters) – The South African rand dominated gains in emerging market currencies on Friday as it slashed large …

July 3, 2021 I F YOU LIKE a central bank that responds to inflation surprises by raising interest rates, and here’s a retro twist, then Banco de México might be the one for you. On June 24, it surprised the markets by increasing its benchmark rate from 4% to 4.25%. …

Reuters LONDON – After the unprecedented swings caused by the pandemic in global financial markets, last year 2021 was never going to be boring, and that’s what has been proven. Source: Reuters Vaccination programs and some of the biggest fiscal and central bank stimulus ever made the viewing compelling. Oil’s …

SEATTLE – (COMMERCIAL THREAD) – Russell Investments’ latest quarterly survey of fixed income managers found that around 70% expect to inflation for the next 12 months to exceed 2%, from 38% who expressed this view in the Q1 survey. The 72 bond and currency managers who responded to the second …

Any signal that the Federal Reserve will tighten policy on Wednesday could spill over into emerging markets dependent on the US dollar. The first of these is Turkey. The Turkish lira has come under pressure in recent weeks as investors try to assess whether the country’s central bank will heed …

Turkish Lira banknotes can be seen in this illustration taken on January 6, 2020. REUTERS / Dado Ruvic / Illustration // File Photo The Turkish lira climbed 2% on Thursday to its highest level in two weeks, boosted by US bond markets and forecasts from Fitch Ratings and Goldman Sachs …

* The dominant role of the state in the economy presents risks – Moody’s on Russia * Mexican peso rises after early count of midterm elections * Peruvian markets are under pressure due to electoral uncertainty – JPM By Susan Mathew June 7 (Reuters) – Emerging market currencies hit all-time …

Turkey’s official inflation rate unexpectedly fell in May to 16.59% year-on-year from the two-year high in April of 17.14%, with the statistics authority highlighting the impact of Limited price increases seen during the large coronavirus lockdown that applied in the first half of the month. The median estimate in a …

The current governor of Turkey’s central bank, Sahap Kavcioglu, has sought to reassure large foreign investors that concerns about premature rate cuts were unwarranted. The Turkish lira stabilized at its lowest level on Thursday at 8.7 per dollar, after good US jobs data accelerated a three-month decline in which investors …

Customers stand near the desk of a currency exchange office in Ankara, Turkey on February 5, 2021. ADEM ALTAN | AFP | Getty Images The Turkish lira hit an all-time low on Wednesday, triggered by President Recep Tayyip Erdoan’s call for lower interest rates in the country where inflation is …

* Belarusian ruble at 2.518 per dollar * Chinese yuan at its highest for three years; The US-Chinese talks before our eyes * MSCI EMFX at a new high; up more than 3% from 2021 lows * Russian stocks break records By Susan Mathew May 27 (Reuters) – Emerging market …

* MSCI EM stock market index at two week high * Lira participates in the EMFX rally; a deputy govt of the cenbank replaced * Belarus will face EU sanctions * Cenbank Hunagry interest rate decision in the eyes May 25 (Reuters) – Emerging market equities hit a two-week high …

Emerging markets are fostering adoption of crypto, propelled by a combination of factors including lack of confidence in local monetary policy, the unbanked masses experiencing their initial joys of modern finance and the rise of mobile banking. . As such, the transition to a digital currency is not only easier …

Band Susan Mathew May 24 (Reuters) – Belarusian bonds fell on Monday amid growing criticism from Western countries over the forced landing of a flight, while most other emerging market currencies gained against a weaker dollar. In what has been described by some EU leaders as a hijacking, an airliner …

For some, Chinese debt is the train that has always hurtled down the tracks. Whether the emerging market giant will inevitably become a dominant player in the debt world is a question of when, not if. Citywire, AA-rated Omotunde Lawal, who manages a corporate debt and short-term emerging market debt …

One year after Covid-19 pandemic, the global economy faces a growing risk of a balance of payments crisis. In fact, 2020 has already seen a record seven defaults on the sovereign debt of Argentina, Belize, Ecuador, Lebanon, Zambia and Suriname (which have defaulted twice) . In this context, any new …

ANKARA Among the emerging G20 economies, Turkey provided the most liquidity support relative to its GDP in response to the coronavirus pandemic, according to the IMF’s Fiscal Monitor. The spread of the virus, declared a pandemic by the World Health Organization on March 11, 2020, has caused the worst health …

Gains in the base metals sector helped push up Canada’s leading stock index and CloseCurlyQuote; The mining, financial and industrial sectors recorded the largest gains, while energy, health care and utilities recorded declines. Sponsored by The Federal Open Market Committee released the minutes of its March meeting, where the central …