sovereign risk

Global PMIs roll over – Macro Business – 04/05/2017

April PMI data suggests the manufacturing recovery is slowing, with worse performance from China and the US. But the fall in the global PMI needs to be seen in context of its recent surge which had seemed an implausible guide to likely growth in the hard output data.

Source:  Macro Business, 2017/05/04

By |May 4th, 2017|Categories: News|Tags: , , |

Majority of Asian economies are expected to see short-term gains – Japan Times – 04/05/2017

The Asian Development Bank on April 6 released the Asian Development Outlook 2017. The ADB’s flagship annual report analyzes economic performance in the past year and offers forecasts for the next two years for the 45 economies in Asia and the Pacific that make up developing Asia.

Source:  Japan Times, 2017/05/04

By |May 4th, 2017|Categories: News|Tags: , |

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt – Wuft – 03/05/2017

Puerto Rico has asked for a form of bankruptcy protection to help it grapple with more than $70 billion in public-sector debt. The unprecedented maneuver, requested by the governor and filed shortly afterward by a federal oversight board, sets in motion what would likely be the largest municipal debt restructuring in U.S. history.

Source:  Wuft, 2017/05/03

By |May 4th, 2017|Categories: News|Tags: , , |

Asset owners turning more attention to climate change risk on portfolios – Pensions & Investments – 26/04/2017

The world's largest asset owners are increasingly recognizing the financial risks of climate change and the opportunities presented by a transition to a low-carbon world, said the Asset Owners Disclosure Project.

Source:  Pensions & Investments, 2017/04/26

By |April 27th, 2017|Categories: News|Tags: , , |

Fitch reiterates Israel’s A+ rating – Globes – 26/04/2017

Despite improvement in Israel's debt-GDP ratio, it is still a weak point in Israel's credit rating.

Source:  Globes, 2017/04/26

By |April 27th, 2017|Categories: News|Tags: , , |

Romania, among EU countries with highest budget deficits in 2016 – Romania Insider – 25/04/2017

Romania was among the four European Union countries which had budget deficits equal to or higher than 3% of their gross domestic product (GDP) in 2016, according to the EU’s statistical office Eurostat.

Source:  Romania Insider, 2017/04/25

By |April 27th, 2017|Categories: News|Tags: , , , |

Debt Crisis Shakes Chinese Town, Pointing to Wider Problems – New York Times – 25/04/2017

China, the world’s second-largest economy after the United States, has considerable firepower to address any financial crisis. But many economists worry that hidden debt bombs could expose the breadth and severity of the problem.

Source:  New York Times, 2017/04/25

By |April 27th, 2017|Categories: News|Tags: , , |

Latest Turn in Greek Debt Crisis Is Kafkaesque – Bloomberg – 25/04/2017

Greece’s next dollop of bailout money is caught in an international dispute with no clear resolution. The heavily indebted Mediterranean nation needs the next installment of about 7 billion euros to repay lenders in a few months, but some euro-area governments, notably Germany, refuse to supply more money until the International Monetary Fund comes on [...]

By |April 27th, 2017|Categories: News|Tags: , , , |

This is the Risky Side to the Emerging Market Debt Boom – Frontera News – 24/04/2017

Even before the start of 2017, emerging market debt as a percentage of gross domestic product (GDP) had soared. According to the Institute of International Finance, “emerging-market debt, including bank loans and bonds, reached 215% of these countries’ gross domestic products last year, up from 146% in 2006.”

Source:  Frontera News, 2017/04/24

By |April 27th, 2017|Categories: News|Tags: , , |

Trump’s tax-cutting drive likely to boost US debt, IMF warns – Public Finance International – 21/04/2017

US president Donald Trump’s plans to cut taxes could drive the country’s debt up by more than 11% of GDP by 2022, according to the International Monetary Fund.

Source:  Public Finance International, 2017/04/21

By |April 27th, 2017|Categories: News|Tags: , , |