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Argentina spending cuts aim to ease primary deficit

Location:

ARGENTINA

Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…

Debt overhang threatens Kenya’s infrastructure plans

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KENYA

Kenya's debt difficulties.

IMF inclined to shun third Greek bailout

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GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Mexico’s Pemex will retrench in a bid to survive

Location:

MEXICO

While such losses are enormous, they are far less than then 41.4-billion-dollar loss seen the previous year. Pemex has recorded 17 consecutive quarters of financial losses, with…

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Greek government will implement austerity grudgingly

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GREECE

Falling bond yields suggest some return of confidence after the government's legislation of further cuts and reforms, and the successful conclusion of the second review of…

ECB to stay dovish despite ending its QE programme

Location:

EU

Fears of Europe's financial fragility are rising after the ECB ended its quantitative easing (QE) programme in December. The programme -- which lasted almost four years -- bought…

Prospects for the global economy in 2016

Location:

PROSPECTS 2016

Prospects for the global economy in 2016.

More money will boost World Bank's development role

Location:

INTERNATIONAL

Spending the World Bank capital increase