Tag "current account deficit"
Will Petrobras halt Brazil’s recovery?
Brazil’s state-run oil company, Petrobras, had its investment grade cut by Moody’s, aggravating uncertainty over whether it will be up to the Brazilian government to back up the oil giant.
Bank of Indonesia prepares for future market volatility
Following a decision by the Indonesian government to raise fuel prices, the Bank of Indonesia raised its benchmark rate to help stem inflation. In mid-November, the Bank of Indonesia decided
Economy is casualty of anti-government protests in Pakistan
Pakistan’s economy has struggled under Pakistan’s current government, with the country requesting $6.6 billion in IMF aid last year. Economic forecasts for 2015 suggest the economic and fiscal issues will
Senegal sukuk bond signals wider African interest in Islamic finance
Senegal plans to issue an Islamic law compliant bond in 2014, building on momentum in sukuk issuance globally. Senegal’s government looks set to issue a type of Islamic bond, known
Asian Development Bank Predicts Slowdown in China and India
In a report released 2nd October, the Asian Development Bank (ADB) cut its growth forecasts for the region in both 2013 and 2014. Slow growth in China and India as
Is India Saved by the Federal Bell?
The U.S. Federal Reserve shocked the market on 18 September 2013. Ben Bernanke said the Fed would postpone tapering its USD 85 billion per month bond buying program possibly until
India’s Economic Ills Cause Rupee to Tumble
With tapering looming on the horizon, and many observers predicting the Fed to start hiking interest rates very soon, the rupee has been plunging downwards to record lows. Low interest
