financial risk

Looming debt sales threaten India’s bond rally

A rally in India's bond market this month could prove short-lived as investors brace for as much as $157 billion in sovereign debt sales over the next year, including from states financing a big bailout of electricity utilities, analysts warn.

Source:  Reuters, 2016/03/23

By |March 29th, 2016|Categories: News|Tags: , , |

Fitch: Wider Deficits Reduce Canada Public Finances Resilience

The wider deficits projected in Canada's 2016-2017 federal budget do not imply dramatic deterioration in the sovereign's debt trajectory, but will reduce public finances' resilience to potential economic shocks, Fitch Ratings says.

Source:  Reuters, 2016/03/24

By |March 29th, 2016|Categories: News|Tags: , , |

IMF Chief Says Vietnam’s Economy Is at Risk Without Reforms

Vietnam risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund chief Christine Lagarde.

Source:  Bloomberg, 2016/03/21

By |March 22nd, 2016|Categories: News|Tags: , , , |

Eurozone debt will barely fall by end of decade – Moody’s

Debt is due to stabilise or decline in most Eurozone countries, but only gradually, Moody's has said. The ratings agency expects debt/GDP ratios to fall in 11 of the 19 countries in the bloc this year, with Cyprus, Ireland and Slovenia to see the most pronounced falls. "While a growing number of countries have [...]

By |March 22nd, 2016|Categories: News|Tags: , , , |

Egypt’s Central Bank Sells $1.5 Billion in Auction to Cover Imports

Egypt’s central bank sold $1.5 billion to banks in an exceptional auction on Wednesday to help cover importers’ foreign currency refinancing needs, just days after it devalued the local currency.

Source:  WSJ, 2016/03/17

By |March 22nd, 2016|Categories: News|Tags: , , , |

No bankruptcy for Puerto Rico

Puerto Rico is facing a financial crisis because its economy is not growing, and financial and economic reforms are needed to change the situation. Years of corrupt and inefficient state-run enterprises, combined with a taxation and regulatory structure that stifles economic activity, have led to a stagnant economy in this U.S. territory. The government of [...]

By |March 22nd, 2016|Categories: News|Tags: , , , |

Italy Recovery From Slump Seen Continuing Slowly but Surely

Italy’s economy will keep recovering from recession slowly but surely and avoid a renewed slump this year and next, a Bloomberg survey of analysts showed.

Source:  Bloomberg, 2016/03/15

By |March 22nd, 2016|Categories: News|Tags: , , , , |

Monetary policy is not enough to beat deflation

Monetary policymakers are on the defensive. After a decade in which central banks steered the global economy out of crisis, faith in their powers is waning. In the past week, the European Central Bank and Bank of Japan governors have fought back against the sceptics, underlining their resolve to defeat deflation and revive anaemic growth. [...]

By |March 22nd, 2016|Categories: News|Tags: , , |

France and Italy warned again on economic weakness

The European Commission warned France and Italy again on Tuesday (8 March) that their economic weaknesses risked destabilising the other EU economies.

Source:  EU Observer, 2016/03/08

By |March 15th, 2016|Categories: News|Tags: , , , , |

Italy risks breaking EU fiscal rules even with all leeway granted- Eurogroup

Italy's 2016 budget is at risk of breaking European Union fiscal rules even if Rome is granted all possible fiscal leeway by the European Commission, euro zone finance ministers said in a joint statement on Monday.

Source:  Bloomberg, 2016/03/07

By |March 15th, 2016|Categories: News|Tags: , , , |