FAST FINANCE The surprise announcement that China would allow the renimbi to depreciate by 4.4%, thrust currencies into the spotlight. The term ‘currency war’ is back since it was popularized in 2010 by Brazil’s former finance minister Guido Mantega. Now, the competitive devaluations are spreading across the MENASEA region raising the ...
August 23, 2015Blake Goud
FAST FINANCE As Brent crude falls below the $50/bbl, pressure rises on many oil exporters to finance rising budget deficits to preserve their investments saved up during years with higher prices. Saudi Arabia, in particular, is likely to be active in bond issuance and its SR 15bn ($4bn) issuance in ...
August 10, 2015Blake Goud