macro-economic risk

Venezuela Said to Be Late on $185 Million Sovereign Bond Payment – Bloomberg – 20/09/2017

Venezuela, one of the world’s riskiest countries for investors, is late on a debt payment. The intermediaries tasked with passing along interest payments for the cash-strapped nation haven’t received the funds for an $185 million coupon that was due Sept. 15, according to people with knowledge of the matter. Investors interviewed by Bloomberg say they [...]

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

IMF warns of ‘vulnerabilities’ that could derail global recovery – Financial Times – 08/10/2017

The International Monetary Fund has warned that good times in the global economy mask longer-term risks, including a $135tn debt pile in G20 nations that companies and consumers are already finding difficult to service.

Source:  Financial Times, 08/10/2017

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

Wolfgang Schäuble warns of debt-driven global financial crisis – Financial Times – 08/10/2017

Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a big risk to the world economy, in his parting shot as Germany’s finance minister.

Source:  Financial Times, 08/10/2017

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

Saudi Arabia curbs oil exports to combat glut – Financial Times – 09/10/2017

Saudi Arabia is allocating fewer barrels of crude for export next month and at a level below current demand, emphasising the effort by global producers to reduce surplus inventories.

Source:  Financial Times, 09/10/2017

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

Paris and Berlin at odds over key plank of eurozone reform plans – Financial Times – 10/10/2017

French president Emmanuel Macron’s plans to make common cause with Germany to reform the eurozone have suffered an early setback as Berlin pushes proposals for sovereign debt writedowns that Paris fears could shatter investor confidence in the single currency.

Source:  Financial Times, 10/10/2017

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

Ireland raises €4bn in negative yield bond sale – Financial Times – 04/10/2017

Ireland has sold its first ever bond with a coupon of zero per cent, with the country effectively being paid to borrow €4bn over five years. The country brought in more than €10bn of orders for the debt, which matures in 2022. The bond, which is priced slightly above par, came at a yield of [...]

By |October 5th, 2017|Categories: News|Tags: , , |

Trump’s First Move on Puerto Rico Debt Is a Classic Emerging Markets Play – Bloomberg – 04/10/2017

President Donald Trump’s starting point for repaying Puerto Rico’s $74 billion in debt -- zero -- isn’t just hallmark behavior from the man who wrote “The Art of the Deal.” It recalls some classic emerging-market sovereign debt restructurings of recent years.

Source:  Bloomberg, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Venezuela: Profit in Bonds, Despite Default Risk – Barron’s – 04/10/2017

With the risk that Venezuela's cash-strapped government could default on debt payments, and U.S. government sanctions restricting bond investment in Venezuela, Nomura Securities offered advice Wednesday on what government and state oil company bonds remain attractive.

Source:  Barron's, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Catalonian crisis drags European bourses down, banks fall – Reuters – 04/10/2017

European shares fell on Wednesday with Spain’s IBEX marking its biggest loss since last year’s Brexit vote shook equity markets. The impact of the crisis in Catalonia spread from Madrid and Spanish banks to the wider industry and euro zone region, particularly Italy.

Source:  Reuters, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

World Bank revises growth forecast – Khmer Times – 05/10/2017

In its latest report, the World Bank has revised its forecast of the kingdom’s real economic growth for 2017, lowering it by 0.1 percentage points to 6.8 percent. In April this year, the World Bank reported that Cambodia’s outlook for growth remains favourable in the medium term, with growth projected to reach 6.9 percent in [...]

By |October 5th, 2017|Categories: News|Tags: , , |