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EM corporate debt is key risk to global markets

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INTERNATIONAL

The IMF's warning, contained in its Global Financial Stability Report (GFSR), shows concerns for the vulnerabilities posed by the build-up of EM corporate debt, especially…

G20 countries will adopt new corporate tax accord

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INTERNATIONAL

The rulings come as the EU advances legislation to increase transparency on corporate tax rulings and after the G20 on October 9 endorsed the new OECD Base Erosion and Profit…

Normalisation threatens Emerging Europe’s bond markets

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EUROPE

The risks to Emerging Europe’s bond markets from the removal of monetary stimulus.

Risk of full-blown Turkish currency crisis is rising

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TURKEY

Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…

Turkey's central bank may tighten harder later

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TURKEY

This follows the decision by the Central Bank of the Republic of Turkey (CBRT) on August 18 to keep its three main interest rates on hold. Despite the CBRT also announcing a 'road…

EMs will stay fragile despite improving sentiment

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INTERNATIONAL

The improvement in investor sentiment stems mainly from the stabilisation of oil prices and an easing of concerns about China's economy, lifting asset prices in emerging markets…

Prospects for Turkey to end-2019

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PROSPECTS H2 2019

Prospects for Turkey to end-2019.

Abu Dhabi's international expansion will increase

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ABU DHABI

The deal was the company’s fourth overseas gas deal as part of its international strategy to diversify its revenue streams from domestic oil production to equip it better to…

Political pressure on Turkey's Central Bank will go on

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TURKEY

The CBRT is expected to respond at its regular monthly interest rate-setting meeting to the fall in inflation in January to 7.2%. However, while the nearly 50% slide in oil…

Turkish go-it-alone policy raises currency crunch risk

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TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…