Emerging Market Crisis Series

Emerging Market Crisis Series

Moody's: Challenges for Russian banking sector amid weakening asset quality and pressure on capital adequacy 

Mar 14, 2016 09:18 am UTC| Research & Analysis Economy

Economic recession in Russia will continue to negatively affect the operating environment for Russian banks in 2016, as the impact of low oil prices and large depreciation of the ruble continues, says Moodys Investors...

Emerging Market Crisis Series

Brazil’s retail sales likely declined again in January

Mar 09, 2016 12:20 pm UTC| Commentary

Brazils retail sales had declined in 2015 by 4.3% and the rate of slowdown continued to rise throughout 2015 with sales dropping 6.9% y/y in Q4, as compared with Q3s 5.7% y/y drop. Retail sales in December were mainly bad,...

Emerging Market Crisis Series

Brazil looks almost ungovernable – but it's more robust than it seems

Mar 09, 2016 00:05 am UTC| Insights & Views Politics

On Friday March 4, about 200 federal policemen and 30 tax auditors raided the apartment of former president Luiz Inácio Lula da Silva (Lula), who was taken to Congonhas airport for a three-hour interrogation while...

Emerging Market Crisis Series

Moody's places South Africa's Baa2 ratings on review for downgrade

Mar 08, 2016 21:52 pm UTC| Research & Analysis

Moodys Investors Service has today placed the Baa2 bond and issuer ratings of the government of South Africa on review for downgrade. Also placed on review for downgrade were South Africas (P)Baa2/(P)P-2 shelf and MTN...

Emerging Market Crisis Series

Any signs of weakness in Turkish economic activity may pressurise CBRT to cut rates

Mar 08, 2016 08:41 am UTC| Commentary Economy

Political pressures on the Turkish central bank might be ignited to cut interest rates if there are any signs of weakness in economic activity. Currently, the CBRT is in a mode of wait-and-see because of the increased...

Emerging Market Crisis Series

Growth in Brazil’s intermediate and capital goods may hint at import substitution process

Mar 07, 2016 05:47 am UTC| Commentary Economy

Brazils industrial output unexpectedly grew 0.4% m/m sa in January after declining 0.5% in December, improving the trend slightly. But it still shrank 3.7% 3m/3m sa from 4%. Industrial output, in annual basis, shrank 13.8%...

Emerging Market Crisis Series

Markets do not price an imminent hike from BCB

Mar 03, 2016 15:55 pm UTC| Commentary Central Banks

Brazil Copom held the Selic rate unchanged at its meeting on Wednesday, repeating the rationale of its last communiqué - ie, that the decision was reached after evaluating the macroeconomic scenario, inflation...