EMerging Equity
Credit
Brazil’s Credit Rating Cut To Junk Status By Standard & Poor’s
“US rating agency Standard & Poor’s downgraded Brazil’s credit rating to junk status on Wednesday, pointing to political turmoil in the country and the government’s failure to pull the economy out of recession,” RT reports. According to the news provider: … the rating agency warned about a possible downgrade less than two months ago, the move … Continue reading
Brazil Must Do More To Maintain Its Investment-Grade Rating If It Wants To Attract Foreign Capital, BlackRock Says
“The world’s biggest money manager said Brazil must do all that it takes to maintain its investment-grade credit rating if it wants to remain an attractive destination for foreign capital,” Bloomberg reports. Although BlackRock claims it wants to promote Brazil, most of its clients refuse to allocate towards this destination as the country remains at … Continue reading
Keeping The Market Bubble-Boom Going
By Thorsten Polleit The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the … Continue reading
Mexico, Colombia Join The “Fragile Five”
Mexico and Colombia have now joined the “fragile five” grouping of emerging market (EM) economies, replacing India and Brazil, according to JPMorgan, the Financial Times (FT) reports. The two Latin American nations will now join Turkey, South Africa, and Indonesia to form the group of EM countries seen as the most overdependent on volatile foreign investment flows. In August 2013, as … Continue reading
Bank Deleveraging Slowed Down In Eastern Europe While Capital Outflows Moderated
Banks in Central, Eastern and Southeastern Europe (CESEE) reduced the pace of deleveraging in the first quarter of 2015 compared with the previous quarter, and the related capital outflows moderated. Credit growth continued to diverge across the CESEE region, according to the latest report from the Vienna Initiative Steering Committee. Banks reporting to the Bank … Continue reading
Brazil Prepares For Mass Demonstrations On Sunday As Allegations Of Corruption Swamp Rousseff Government
“Brazil President Dilma Rousseff is poised to face another key test as allegations of corruption and incompetence swamp her government, and plummeting commodity prices sap the country’s economy,” Seeking Alpha reports. According to Bloomberg: As allegations of corruption and incompetence swamp Brazil’s government, and plummeting commodity prices sap its economy, hundreds of thousands of angry … Continue reading
Brazil’s Credit Rating Just Above Junk Status After Moody’s Downgrade
Moody’s rating agency, yesterday on August 11th, downgraded Brazil’s government bond rating to Baa3 from Baa2 (only one notch above a non-investment / speculative grade). Also the outlook on the rating has been changed from negative to stable. According to Bloomberg: The company’s decision to assign a stable outlook to Brazil’s rating, now at the lowest level … Continue reading
China Vows To Step Up Targeted Policies To Combat “Relatively Big” Downward Pressure On Economy
China’s top leadership vowed on Thursday to use targeted policies to combat the “relatively big” downward pressure on its economy, China’s state-run Xinhua news agency reports. The Politburo, China’s top decision-making body, said that the nation will keep its macro policies stable, make “pre-emptive adjustments”, and fine-tune economic policies in a timely manner in order to support … Continue reading
The Economic And Financial Problems In Europe Are Only Just Beginning…
By Michael Snyder Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking … Continue reading
Shadow Play: How China’s Unregulated Banks Feed Its Boom And Bust Economy
By Nafis Alam More turbulence on the Chinese stock market highlights just some of the challenges facing the world’s second-largest economy. Following losses of US$3 trillion in the three weeks from mid-June, the Shanghai Composite has since recorded its biggest one-day fall for more than eight years. It’s clear that regulatory reform is needed in the … Continue reading
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