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Brazil banks foresee renewed lending growth this year

Location:

BRAZIL

The Brazilian financial system, which is still dominated by five state and private banks, saw slower loan growth and worsening asset quality in 2023 due to high inflation and…

Omani fiscal plans will depend on social impact

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OMAN

Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…

Mexican banks may post another year of record profits

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MEXICO

AMLO’s government recently shelved a plan to buy part of the retail banking operations of Citigroup’s local subsidiary, Banamex -- a plan that had caused concern among bankers and…

More US states to contest corporate diversity efforts

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UNITED STATES

Some 15 Republican states have passed or are considering legislation to ban or limit DEI programmes at institutions receiving state funding, including universities and colleges…

Commercial property unlikely to spark a global crisis

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INT

The diversity of the asset class -- offices account for 17% of loans to commercial real estate, while the more resilient multifamily sector accounts for 44% -- and the illiquidity…

Mexican government will seek to buy Banamex

Location:

MEXICO

The move has further highlighted risks for international investors in Mexico under the administration of President Andres Manuel Lopez Obrador (AMLO), who appears to have…

Prospects for the global economy in H2 2023

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PROSPECTS H2 2023

Labour and housing markets are slowing very gradually, but the strength of services is preventing a faster fall in headline inflation. The pass-through effects of interest-rate…

Low savings limit Japanese spending and GDP growth

Location:

JAPAN

The economy slowed sharply in the second half of 2023. Consumption is lower than a decade ago, as a consequence of population ageing and insufficient savings, which reflects a…

Shipbuilding will thwart Russia’s naval modernisation

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RUSSIA

The change of management at OSK signals the Kremlin’s dissatisfaction with the slow pace of Russia’s protracted naval modernisation programme. Vast sums were spent yet only a…

GenAI will transform workplace tasks across industries

Location:

INT

Using machine learning algorithms, these tools leverage vast online datasets to create new and unique outputs, such as images, text, videos or code, that appear to mimic human…