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Emerging Market Crisis Series

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Emerging market economies, such as India, Turkey, Indonesia, LatAm economies which have been a darling of investors even after 2008/09 financial crisis led to cheaper capital access to these economies and its corporates, a trend that continued for more than half a decade at rapid speed. Now, with US Federal Reserve looking to raise borrowing costs and slowdown in China, led these economies and their corporates into greater chaos. We, in this series discuss the vulnerabilities of emerging market.

Emerging Market Crisis Series

Budget shows treasury is desperately short of ideas to fix South Africa's economic woes

Mar 01, 2020 13:09 pm UTC| Insights & Views Economy

At the core of this years budget proposals from South Africas national treasury is the admission that national debt is no longer expected to stabilise. In previous years, bar one brief exception, budgets and medium-term...

Emerging Market Crisis Series

Ramaphosa fails to show leadership as difficult and decisive year looms

Jan 14, 2020 00:34 am UTC| Insights & Views Politics

On the eve of the statement marking the 108th birthday of the governing African National Congress (ANC), South Africas finance minister Tito Mboweni tweeted: If you cannot effect deep structural economic reforms, then...

Emerging Market Crisis Series

ANC's anniversary statement – damp squib or new benchmark for South Africa?

Jan 10, 2020 10:53 am UTC| Insights & Views Politics

The statement issued by the African National Congress (ANC), South Africas governing party, each January to mark the anniversary of its launch in 1912, is many things to many people. It is a multipurpose vehicle to...

Emerging Market Crisis Series

Brazilian manufacturing industry’s output slows down in December

Jan 02, 2020 16:19 pm UTC| Commentary

The Brazilian manufacturing industrys output eased in December. The seasonally adjusted IHS Markit Brazil Manufacturing PMIs index dropped to 50.2 from Novembers 52.9, indicating towards the weakest improvement in business...

Emerging Market Crisis Series

South Africa is missing out on fresh fruit export growth. What it needs to do

Dec 04, 2019 12:28 pm UTC| Insights & Views Economy

South Africas urgent need to create jobs requires that the country take advantage of opportunities in the global economy that it can convert into quick wins. The fruit industry presents such an opportunity. The countrys...

Emerging Market Crisis Series

Poverty: what low-income countries need is not more economic growth, it’s less shrinking

Dec 01, 2019 03:21 am UTC| Insights & Views Economy

It is widely accepted that countries are poor because their economies dont manage to grow sufficiently. But, perhaps surprisingly, the ability to create growth is not what most poor countries are lacking. In fact, all...

Emerging Market Crisis Series

How to judge the success of the BRICS summit? Three questions will do the trick

Jul 09, 2018 14:20 pm UTC| Insights & Views

The 10th BRICS summit to be hosted by South Africa is going to be closely watched. It comes at a time when extraordinary global political and economic challenges are facing the world. The BRICS bloc is made up of 5 of...

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Economy

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Politics

US President Donald Trump backtracks on the goal of lifting social distancing restrictions by Easter

Previously, President Donald Trump expressed his desire to see the social distancing period lifted by Easter Sunday. However, his recent remarks seem to backtrack those statements. Bloomberg reports that while speaking...

US House Speaker Nancy Pelosi criticizes Donald Trump of 'fiddling' as COVID19 deaths rise

The Trump administration has often been criticized by both sides for their slow response to the coronavirus pandemic. House Speaker Nancy Pelosi has been especially vocal about her discontent with the response and accused...

Joe Biden expresses frustration on Trump administration's slow coronavirus response

Recently, President Donald Trump announced that the period for self-quarantine, self-isolation, and social distancing would remain to be in effect until the end of April. However, former vice president Joe Biden expressed...

US President Donald Trump hopes to keep coronavirus fatalities to 100,000

The COVID19 situation in the United States appears to only get worse before it gets better, with the skyrocketing number of cases as well as deaths. President Donald Trump recently expressed his hopes of keeping the number...

Ivanka Trump’s message on social distancing is met with mixed reactions from Twitter users

Ivanka Trump joins the many American public officials who have posted words of encouragement amid the coronavirus global pandemic. However, the Advisor, the Presidents latest video messages have been receiving both...

Science

NASA: Hubble Space Telescope snaps image of a one-armed galaxy

The cosmos has provided stunning sights in the forms of galaxies and other celestial objects. Recently, NASAs Hubble Space Telescope captured an image of a spectacular one-armed galaxy. The galaxy, formally known as NGC...

Asteroids: Potentially hazardous asteroid already on 'close approach' trajectory

Space agencies all over the world are keeping tabs on one particular asteroid that is bound for Earth by April. Recent reports reveal that the asteroid in question is already on a close approach trajectory. Express...

Dr. Anthony Fauci predicts over 100,000 coronavirus fatalities in US

As the world is currently struggling to contain the pandemic that is the coronavirus, it appears that the situation would only get worse before it could get better. According to Infectious Diseases director Dr. Anthony...

Asteroids: NASA releases a detailed map of asteroid Bennu's surface

One of the asteroids that NASA is keeping tabs on is referred to as Bennu, and the agency is currently on a mission to collect samples from the space rock. At the same time, NASA has put together photos taken of the...

NASA Astronaut Jessica Meir shares photo of Earth at night

In the midst of all the fear and panic surrounding the coronavirus pandemic all over the world, many are also in search of some good news. Recently, NASA astronaut Jessica Meir shared a photo of the Earth being illuminated...

Technology

Nintendo Switch games: ‘Tropico 6,’ ‘Super Mario 64,’ ‘Super Mario Sunshine,’ and ‘Super Mario Galaxy’ arriving to the console this year

With its portability, the Nintendo Switch console is one of the most popular consoles around and has been the best-selling hardware for a couple of years now. It looks like Switch console gamers are in for a treat in the...

Will ‘The Sims 5’ have a Nintendo Switch version?

To this day, there has yet to be a definitive indication that The Sims 5, or any The Sims game, would be released on Nintendo Switch. However, the recent success of Animal Crossing: New Horizons might convince EA this...

‘Kingdom Hearts 4’: Will Square Enix start developing the next game soon?

Video game companies typically do not start a full-on development of a new installment while more content is planned for the latest title of a series. In the wait for Kingdom Hearts 4, it is then worth asking whether or...

Surface Book 3 specs: Leaks suggest different variants might sport Tiger Lake-U, Intel Core i5-1035G1 and Ryzen 4000 CPUs

While no definite Microsoft Surface Book 3 release date has been announced, the gadget is expected to arrive sometime this year. Various leaks suggest that buyers will have plenty of options when it comes to the devices...

‘Domestic Girlfriend’ season 2: Natsuo will marry one of her step-sisters

Some anime fans might still be insisting on not reading the manga while hoping that the animated adaptation will be renewed. However, knowing how this love triangle story will pan out might help them decide whether to keep...