March 16, 2021

Ukraine

Local reports of Russia/Ukraine armed tensions continue

Original Press Release in Ukranian

Machine English Translation:

Summary of the press service of the Ministry of Defense of Ukraine on the situation in the area of the Joint Forces operation

We bring to your attention the summary of the press service of the Ministry of Defense of Ukraine on the situation in the area of the Joint Forces operation for the past 24 hours and as of today, March 16.… Read the rest

Economics

Focus: Money and Inflation

Money growth has surged in most economies, the result of aggressive quantitative easing.
If money growth is a harbinger of inflation, that would be concerning.
In high-inflation 1970s and 80s, money growth was believed inevitably to cause inflation.
However, experience since 2000 does not seem to support that view.

… Read the rest

Economics

Can Argentina End Up In Another Debt Restructuration?

Editorial: Can Argentina End Up In Another Debt Restructuration?

With Argentine bond yields approaching 20% a year, some begin to wonder if Argentina will have to restructure its debt again, despite the fact that the agreement with bondholders was closed just six months ago.… Read the rest

Politics

CHINA: Strengthening renminbi may encourage loosening of capital controls

The renminbi has strengthened 8% against the dollar over the last year, driven by a resurgent trade surplus and strong flows of foreign investment into China’s onshore bond market.
Capital outflow restrictions may be loosened this year, as regulators seek to balance inbound and outbound flows and reduce appreciation pressure.

… Read the rest

China

JAPAN/US: Allies take sharper tone on China but next steps unclear

Ministerial-level talks between US and Japanese officials produced a more explicit condemnation of China’s behavior than ever before.
The statement acknowledges the reality that the two allies are increasingly focused on deterring and countering China, but it is unclear how their alliance will adapt.

… Read the rest

Germany

GERMANY: Beyond the conservative candidature conundrum

After Sunday’s regional elections, the pressure on Christian Democrats (CDU) leader Armin Laschet has increased.
However, he remains unlikely to renounce the Christian alliance’s (CDU/CSU) chancellor candidacy for CSU leader Markus Soeder.
With a view to business implications – from fiscal to regulatory policies – the most important factor will be the Greens’ role in coalition politics beyond the center-right.

… Read the rest

Emerging Markets

INDIA: Spike in infections raises economic concerns

Prime Minister Narendra Modi has called for an urgent meeting of chief ministers of all states on 17 March to address the sudden increase of Covid-19 cases across the country. The number of new cases has risen dramatically in Maharashtra, Punjab, Karnataka, Gujarat, and Tamil Nadu.… Read the rest

Slovakia

SLOVAKIA: Government crisis escalates: Potential scenarios

Prime Minister Igor Matovic (Ordinary People and Independent Personalities, OLaNO) is facing growing pressure to resign from two of the governing coalition parties. While Matovic’s resignation would help keep the four-party coalition intact, it is unclear whether he is willing to sacrifice his post.… Read the rest

Day: March 16, 2021

Summary of the press service of the Ministry of Defense of Ukraine on the situation in the area of ​​the Joint Forces operation

Summary of the press service of the Ministry of Defense of Ukraine on the situation in the area of the Joint Forces operation