macro-economic risk

Fiji Issues First Developing Country Green Bond, Raising $50 Million for Climate Resilience – World Bank – 17/10/2017

Fiji has become the first emerging market to issue a sovereign green bond, raising 100 million Fijian dollars, or US$50 million, to support climate change mitigation and adaption.

Source:  World Bank, 2017/10/17

By |October 19th, 2017|Categories: News|Tags: , , |

How big is the risk of another Black Monday equities crash? – Financial Times – 17/10/2017

Art Cashin recalls the heady atmosphere that dominated the New York Stock Exchange for much of 1987. After five or six straight days of the market rallying, senior partners at brokerage trading desks would instruct the junior partners to “lighten up a little bit”, Mr Cashin says. “When they did, the market just went [...]

By |October 19th, 2017|Categories: News|Tags: , , |

Egypt expects to renew financing deal with global banks – Reuters – 17/10/2017

Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global banks will be renewed for another year with the aim to boost foreign reserves while the government implements economic reforms.

Source:  Reuters, 2017/10/17

By |October 19th, 2017|Categories: News|Tags: , , |

Portugal to cut debt to try to lift its creditworthiness – Business Day – 18/10/2017

Portugal hopes to cut its total debt to 120% of GDP by 2019 from 130% in 2016, finance minister Mario Centeno said — a change that could help boost the country’s creditworthiness.

Source:  Business Day, 2017/10/18

By |October 19th, 2017|Categories: News|Tags: , , |

World Bank explains stance on Nigerian govt’s debt – Premium Times – 18/10/2017

The World Bank Group on Wednesday denied that the Bank disagreed with the Minister of Finance, Kemi Adeosun, over the borrowings by the Nigerian government to stimulate the economy and finance infrastructure projects in the country.

Source:  Premium Times, 2017/10/18

By |October 19th, 2017|Categories: News|Tags: , , |

China’s $150bn debt-for-equity swap shows signs of fizzling – Financial Times – 18/10/2017

China’s plan to swap more than $150bn in corporate debt with equity from banks and other investors has moved forward far slower than expected as banks and companies question the benefits of such deals.

Source:  Financial Times, 2017/10/18

By |October 19th, 2017|Categories: News|Tags: , , |

Emerging Markets-China stocks hit 26-mth high, Mexican peso rebounds – Reuters – 19/10/2017

China’s stocks hit a 26-month high on Wednesday as a twice-a-decade Communist Party congress began with promises to boost the economy.

Source:  Reuters, 2017/10/19

By |October 19th, 2017|Categories: News|Tags: , , |

European Central Bank made almost €8bn from Greece’s financial crisis – RT – 11/10/2017

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times.

Source:  RT, 11/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

Credit-market shock could catch investors flatfooted: IMF – The Globe and Mail – 11/10/2017

A shock to credit markets could catch investors flatfooted and derail a global economic recovery that is largely strengthening, according to the International Monetary Fund.

Source:  The Globe and Mail, 11/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

IMF warns Nigeria, others over rising foreign debt – The Nation – 12/10/2017

The International Monetary Fund (IMF) yesterday warned the Federal Government about its rising debt profile, especially of foreign loans.

Source:  The Nation, 12/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |