Further Downside To The USD From Fed QE
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Global Letter – You wouldn’t want to start from here
The policy challenges facing the advanced economies are daunting, and many will fail to deliver. No holds barred Fiscal and monetary policy were loosened rapidly and often unconventionally in response to the COVID-19 pandemic and the stringent containment measures taken to bring … Become a member to read the rest of this article
EU: A politically transformative deal, but unlikely to be the last word
After lengthy talks, EU leaders have agreed on a new budget and a recovery fund, demonstrating member states’ continued commitment in a moment of severe crisis. The deal is politically transformative in that it sets a powerful precedent, allowing the Commission to issue jo… Become a member to read the rest of this article
SUB-SAHARAN AFRICA: G20 debt commitments remain limited
On 18 July, G20 finance ministers and central bank governors met to discuss, amid other things, the status of the Debt Service Suspension Initiative (DSSI) launched in April. Rather than heeding calls to extend the initiative beyond 2020 or broaden its scope to include m… Become a member to read the rest of this […]
JAPAN: Second-wave fears cast shadow over domestic tourism campaign
The Abe administration’s “Go To Travel” domestic tourism campaign will begin as planned on Wednesday, 22 July amid widespread controversy over whether the government should be promoting tourism when Japan’s largest cities are coping with sharp increases in new Covid-19 cases. As … Become a member to read the rest of this article
BULGARIA: Continued protests heighten the probability of snap general poll
The ruling Citizens for European Development of Bulgaria (GERB) is expected to survive the vote of no confidence later today, 21 July. The ruling party could announce a major cabinet reshuffle to appease public discontent. However, the probability of snap polls is rising amid the… Become a member to read the rest of this […]
Olam International: Cocoa Against COVID
Summary Asset Class Credit Quality High yield Geography Singapore Sector Agricultural Credit rating NR Report date 4-June-2020 Executive Summary We initiate our coverage of Olam International Limited (Olam), a l… Become a member to read the rest of this article
NEPTUNE ORIENT LINES: Cost Control Confidence
Executive Summary SummaryGeographySingaporeSectorMarineCredit ratingNR/NR (Moody’s/S&P)Report date23-June-20 Since our last report, the NOLSP complex (in SGD) has outperformed as COVID-19 situation improved in many countries as well as the announcement of CMA CGM’s 1Q’… Become a member to read the rest of this article