Marketing documents for Argentinas multibilliondollar bond sale underscored its fraught relationship with creditors and history of default, as the country prepared investors for an offering as soon as next week.
Source: FT, 2016/04/12
Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the worlds most influential economists has warned.
Source: The Telegraph, 2016/04/11
Argentina aims to rake in $5 billion in investments in renewable energy by 2018 with the goal of reducing its energy deficit, a government official told Reuters, as hopes for near-term increased output from the Vaca Muerta shale field fade.
Source: Reuters, 2016/04/11
Saudi Arabias economic growth slump resulting from oil price decline is expected to bottom out in 2017, largely driven by revival in non-oil economic activity, fiscal consolidation efforts and stabilisation of Brent crude above $40 barrel according to analysts.
Source: Gulf News, 2016/04/10
Italy on Friday cut its forecasts for economic growth this year and next and raised its goal for the 2017 fiscal deficit, setting up a potential conflict with the European Commission. The Commission, already unhappy about Italy’s reluctance to make decisive cuts to rein in its huge public debt, has not yet signed off on […]
Spending in Canadas oil and natural gas sector has fallen by a record C$50bn (US$38bn) over the past two years, according to an industry group representing oil and gas producers operating in the country.
Source: FT, 2016/04/07
The global bond default rate by companies is running at its highest since 2009 with the US accounting for the vast majority, according to rating agency Standard & Poors.
Source: FT, 2016/04/08
In Zimbabwe, over 4 million people are likely go hungry at some point during 2016. For a country once considered the breadbasket of Southern Africa, food availability per person in 2014 was the lowest ever recorded according to the World Bank. This springs absent harvest will leave the country desperately requiring food assistance, just as […]
While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.
Source: Bloomberg, 2016/04/06
Moody’s Investors Service says that rising foreign direct investment (FDI) inflows continue to narrow India’s external financing needs and mitigate the risk of a potential widening of the current account deficit related to weakening remittances, a credit positive.
Source: Moody’s, 2016/04/07