View all companies
This morning's briefing
Second night of protests after Belarus election.
Opposition candidate Svetlana Tikhanovskaya was given just 7% of the vote in a state television exit poll, but she has claimed victory. Her whereabouts are now unknown. President Lukashenko has been in power in Belarus since 1994.
Macau's economic wheels could start spinning again as Chinese set to return to the tables.
Zhuhai city, in Macau’s neighbouring Chinese province, Guangdong, will begin issuing tourist visas for Macau from 12 August, and has agreed to lift quarantine requirements for travellers returning from Asia's gambling capital. In our research in April we highlighted Wynn Macau as a good play on easing lockdown in Asia.
Nigeria's cental bank moves to unify exchange rates.
The CBN on Saturday officially changed the exchange rate of the naira to the US dollar from NGN360 to NGN380 on its website. We wrote a month ago that devaluation was a start and could unlock further multilateral financing from the World Bank, but much more is also needed.
Moody's upgrades Pakistan's outlook to 'Stable' from ‘under review for downgrade’. Moody's confirmed Pakistan's B3 credit rating with a stable outlook, as it considers that the pressures Pakistan faces in the wake of the coronavirus shock and prospects for its credit metrics are likely to remain consistent with the current rating level.
We think Pakistan is still cheap enough and economic policy, including FX rate flexibility, is sensible enough to merit an investment case based on structural improvement in governance.
MTN contemplates exiting Middle East ride-hailing with sale of Iran's Snapp.
Africa's biggest telecoms firm also plans to sell stakes in Yemen, Syria and Afganistan. Ride-hailing in emerging markets shares many of the same market dynamics as digital food delivery, including large cash burn. But whereas ride-hailing suffered during Covid-19, digital food delivery has boomed. Click to read our in-depth report on the food delivery revolution in emerging markets.
Get even more insights. Create your free account today.
- No monthly limits
- Daily briefings
- Mobile friendly
Already have an account?
Sign in
Analysts See all
Most Viewed
- 1 Macro Analysis/Global IMF points to material currency misalignment in several key EMs
- 2 Flash Report/Lebanon Lebanon flash: Beirut explosion another tragic blow to a country in crisis
- 3 Strategy Note/China 'Splinternet' problems for EM equity investors
- 4 Macro Analysis/Global QE in EM: The potential trade opportunities
- 5 Sovereign Analysis/Argentina Argentina: What next after the restructuring agreement
Latest articles
Macro Analysis /
Global
Asia’s lamentable green Covid-19 response
With most of our economies likely to look very different when we finally emerge from social distancing, this is being seen by some countries and regions as a once-in-a-lifetime opportunity to lock in these environmental gains. But is the same true fo...
ING Think
11 August 2020
Macro Analysis /
Global
Undoing the flight to quality: A multilateral countercyclical liquidity fund
In global crises, capital tends to fly away from the countries that need it the most, as evidenced by the unprecedented flight to quality – and the resulting widening of the spreads – experienced by emerging economies in early 2020. There are two com...
Brookings Programs - Global Economy and Development
10 August 2020
Macro Analysis /
Global
Hope for a new ‘UN moment’
On September 21, 2020, the United Nations will mark its 75th anniversary with a negotiateddeclaration to be endorsed at a high-level meeting the same month. The U.N.’s member countries should turn the event into a rechristening. These innovations hol...
Brookings Programs - Global Economy and Development
10 August 2020
Flash Report /
Lebanon
Lebanon's government resigns amid public backlash
Prime Minister Hassan Diab has announced his government’s resignation after a weekend of public protests, including clashes with security forces, triggered by an explosion at the Beirut Port last week. Lebanon imports c85% of its food consumption, wi...
Patrick Curran @ Tellimer Research 10 August 2020
Macro Analysis /
Global
20200810 NYT Graham
> We think strong cultural and community ties and a tradition of overcoming adversity are one reason [Black and Hispanic] communities are resilient. If you’re focusing on how much better other people are doing than you, it’s pretty hard to overcome a...
Brookings Programs - Global Economy and Development
10 August 2020
Strategy Note /
Russia
Alfa Strategy: Weekly Radar – Markets on hold as summer holidays arrive
The ruble remained under some pressure, closing the week 0.6% weaker at 73.73. Russia outperformed the MSCI EM index (+1.1% w/w) and the European markets – EuroStoxx600 (+0.4% w/w). Congress fails to agree on a support package, removing a key catalys...
John Walsh @ Alfa 10 August 2020
Most Viewed
- 1 Macro Analysis/Global IMF points to material currency misalignment in several key EMs
- 2 Flash Report/Lebanon Lebanon flash: Beirut explosion another tragic blow to a country in crisis
- 3 Strategy Note/China 'Splinternet' problems for EM equity investors
- 4 Macro Analysis/Global QE in EM: The potential trade opportunities
- 5 Sovereign Analysis/Argentina Argentina: What next after the restructuring agreement
Analysts See all
Most Viewed
- 1 Macro Analysis/Global IMF points to material currency misalignment in several key EMs
- 2 Flash Report/Lebanon Lebanon flash: Beirut explosion another tragic blow to a country in crisis
- 3 Strategy Note/China 'Splinternet' problems for EM equity investors
- 4 Macro Analysis/Global QE in EM: The potential trade opportunities
- 5 Sovereign Analysis/Argentina Argentina: What next after the restructuring agreement
In case you missed it...
Coronavirus
Macro & Strategy
- Lebanon's government resigns amid public backlash
- Alfa Strategy: Weekly Radar – Markets on hold as summer holidays arrive
- Egypt: July inflation decelerates; interest rates to remain unchanged
- Renewable energy faces an uphill battle in Indonesia – here's why
- US weaponises all Tech regulation in China friction, EM Tech in the cross hairs
Stock Markets
- Alfa Strategy: Weekly Radar – Markets on hold as summer holidays arrive
- Alfa Morning Bulletin: 10 August 2020
- Renewable energy faces an uphill battle in Indonesia – here's why
- US weaponises all Tech regulation in China friction, EM Tech in the cross hairs
- Sri Lanka: Rajapaksas like it's 2010 in one chart
Tellimer Limited (FRN 920001) is an Appointed Representative of Met Facilities LLP (FRN 587084) which is authorised and regulated by the Financial Conduct Authority.
© 2020 TellimerTellimer Limited (FRN 920001) is an Appointed Representative of Met Facilities LLP (FRN 587084) which is authorised and regulated by the Financial Conduct Authority.