India warned that fiscal slippages could be a drag on Asia’s third-largest economy in the year to March 2018, but pledged to meet its budget deficit targets as it sought to reassure investors and global rating companies.
Although China’s sovereign and corporate yields look attractive when compared with low returns available elsewhere, investors remain wary. Finding true opportunities and understanding the risks of the Chinese market aren’t easy for foreign investors.
China had unexpected buoyancy in its economy to thank for an easing off in corporate defaults in the first half. But as growth shows signs of pulling back, the question is: will it last?
If Brazil’s top economic policy makers want to hit their new budget targets, they will need a little help from their friends in Congress. President Michel Temer’s administration has committed itself to a 2018 fiscal goal that depends on Congress passing measures to rake in 18 billion reais ($5.7 billion) in much-needed revenue.
Policy makers in Indonesia and Malaysia have been so successful in quashing currency volatility that this is breeding a new danger: complacency.
A president ousted, another charged, and growth as well as budget numbers in the doldrums -- Brazil hasn’t been easy to stomach for many foreign investors.
Characterized in state media as the “original sin” of China’s financial system, leverage has swelled over the past decade -- partly because policy makers were trying to cushion a slowdown in growth from the old normal of 10 percent plus.
The curse of the developed world central banks -- low inflation -- is turning out to be the boon for emerging markets, and their bonds.
After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyond the oil age -- desert.
Turns out that China’s new Bond Connect with Hong Kong isn’t just good for foreigners. Offshore Chinese money is using the channel to bring money back home, taking advantage of opportunities in domestic credit products.