Global markets in perspective.
The Central Bank of the Republic of Türkiye has taken a significant step in addressing its economic challenges by raising its key interest rate by five percentage points to 30%. This move, the second consecutive month of aggressive tightening, is noteworthy because it signifies a shift in Turkish President Recep Tayyip Erdogan’s stance on monetary […]
The United States (US) Federal Reserve (Fed) started its rate hiking cycle in March 2022 and, having raised rates by a total of 525 basis points since then, went from an interest rate range of zero to 0.25% to a range of 5.25% to 5.50% by July 2023.
Tomorrow marks the start of the first G20 summit since Russia began its war of aggression against Ukraine and the first fully fledged physical leaders’ meeting since the COVID-19 pandemic began. The meeting comes at a time when geopolitical tensions are running high, and the global economic environment faces numerous challenges. Navigating a rocky path […]
VinFast is a Vietnamese success story. It is the Southeast Asian country’s first car brand to expand into global markets. For a brief period, following its mid-August listing on the Nasdaq, VinFast was the third most valuable car maker in the world.
Saudi Arabia and Iran are among six countries invited to join BRICS (Brazil, Russia, India, China and South Africa) as new members next year, South African President Cyril Ramaphosa announced on the final day of the BRICS Summit.
This week saw large cracks starting to emerge in China’s shadow banking industry, making it the most recent victim of the country’s prolonged real estate sector reset.
China’s artificially constrained economic performance in 2022 should have set the stage for an easy economic win in 2023.
Amid concerns over the mounting deficit in the United States (US), Fitch Ratings agency made the unexpected move of downgrading the US’ debt rating from AAA to AA+.
On Wednesday, the United States (US) Federal Reserve (Fed) raised the target range for the federal funds rate by 25 basis points. The move was aligned with market expectations and has brought US borrowing costs to their highest level since January 2001.
The summit between Brazil, Russia, India, China and South Africa (BRICS), to be hosted in South Africa this year, has received a lot of unwanted attention, as controversy has raged around Putin’s visit and whether he would be arrested by South Africa, if he did.
Just two weeks ago, we heard hawkish commentary from the US Fed officials at the European Central Bank (ECB) banking forum following robust US GDP data, which topped market expectations.