Emerging Market Crisis Series

Emerging Market Crisis Series

Moody's puts Mexico on 'negative' watchlist, downgrade may follow

Apr 01, 2016 14:03 pm UTC| Commentary

Moodys credit rating agency has changed the outlook for Mexicos debt rating to negative from stable, citing low oil prices and slow economic growth. But the agency maintained Mexicos A3 rating on senior debt, indicating...

Emerging Market Crisis Series

Emerging Market Crisis Series: Major shift in gear

Apr 01, 2016 06:23 am UTC| Commentary Economy

After suffering since 2013 and more so at the start of the year, emerging market currencies had their best month since at least 1998 according to Bloombergs calculations. Two days back, Bloomberg dig up an article and the...

Emerging Market Crisis Series

BRICS bank to issue first debt instrument in Q2

Mar 28, 2016 09:36 am UTC| Commentary

The five-nation BRICS bank has announced that they will soon issue around 3-5 billion ($460-767 million) of yuan in bonds in China in the second quarter of this year. Also, New Development bank is planning to raise nearly...

Emerging Market Crisis Series

Brazil’s private consumption and investment to decline further in coming quarters

Mar 28, 2016 09:28 am UTC| Commentary

Brazils economy contracted 6% y/y in the fourth quarter of 2015, facing its deepest recession since 1930s. Meanwhile, the countrys political system is being immobilized by the prevalent corruption scandal. This is...

Emerging Market Crisis Series

Brazil inflation likely decelerated to single digit in March

Mar 22, 2016 11:47 am UTC| Commentary

Brazils inflation numbers for February indicate an end to acceleration. With the strong base effect, the nations inflation is likely to decelerate to single digit in March. We expect the annual rate to ease to 9.97% yoy...

Emerging Market Crisis Series

South Africa's governing ANC buys itself time as the unravelling begins

Mar 22, 2016 11:20 am UTC| Politics

Even that family, if people feel it has to be brought to book, structures must do that, the officials must call them and talk to them and give them a marching order not through shouting outside because all of us in the NEC...

Emerging Market Crisis Series

Mexico’s inflation likely to be above central bank’s target rate in 2016

Mar 21, 2016 12:33 pm UTC| Commentary

In January 2015, the weakness in consumer prices in Mexico, mainly due to impacts of lower telecoms, energy and other prices in the housing segment, helped inflation decelerate by almost 1pp from its late 2014 level. This...