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Country Risk Information

Russians’ Credit Performance Is Worst in Seven Years, According to Data from FICO and NBKI

FICO® Credit Health Index fell in April to seven-year low 14.2 percent of Russian credit accounts are delinquent, twice as many as in January 2012 FICO Credit Health Index measures the amount of delinquent consumer loans and credit cards reported to NBKI, Russia’s largest credit bureau The credit performance of Russian consumers reached a seven-year low last month, according to data from FICO, the predictive analytics and decision ... Read More »

Country Risk Climates: Trends to Keep and Eye On

Brazil – important legislative victories for Ms. Rousseff; Denmark – a rosier economic picture; Guatemala – the political crisis is widening; Mexico – downward revision of growth expectations; Sweden – the markets are testing the Riksbank; Venezuela – the bolivar heads for the basement. GUINEA: The economy has been hard hit by the effects of Ebola. Even with outside help it ... Read More »

Chicago PMI Plummets – Inventory Story Emerges.

Armada Corporate Intelligence have been keeping you abreast of what we thought was one of the big problems with Q2 economic activity – namely that it is a lot weaker than many thought it should be. The Chicago PMI came in at 46.2, contraction zone activity and far worse than the 52.3 posted in April. But, media outlets had officials ... Read More »

Thomson Reuters Launches Russian Sanctions Tracking Service

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced the launch of its Russian Sanctions Tracking Service. In July 2014, the European Union (EU) and the Office of Foreign Assets Control (OFAC) issued a number of executive orders and sectoral sanctions against Russia in retaliation for the Russian government’s annexation of Crimea and its activities ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Brazil – negotiations to freeze budget spending; Dominican Republic – strong growth, robust peso; Georgia – benefitting from its Western connections; Tanzania – the shilling has fallen to an all-time low. EGYPT: President al-Sisi is doing well in polishing Egypt’s international image and, importantly, in paving the way for an economic rebound. Most of the indicators are now pointing in ... Read More »

Australian Risk Climate: 772,000 Victims of Identity Theft

Online black market is closer than you think with 1 in 5 Australians affected by identity theft Personal information is currency in the underground world of cybercrime, which has managed to sting 5% of Australians – more than 772,000 people – with identity theft in the past 12 months alone. A new survey by credit bureau Veda shows that almost ... Read More »

Country Risk Climate: Trends to Keep an Eye On

Australia – a cautious budget, not too tough but still disciplined; Peru – popular resistance keeps many mining projects in limbo; Slovenia – a political crisis has been avoided. BRAZIL:  The outlook for the economy remains bleak, beclouded, as it is, by three uncertainties that could raise havoc as they conflate. One of them is the pernicious corruption scandal that ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Australia – interest rate cut; Chile – a massive Cabinet reshuffle; Egypt – feeding more dollars into the FX market; Finland – a Eurosceptic party may join the governing alliance; Syria – emergency aid from Iran. CHAD: The Republic of Chad reached a milestone of sorts by completing requirements for the IMF/World Bank Heavily Indebted Poor Countries Initiative, which will allow ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Australia – the aussie at par with the kiwi, almost; Japan – a credit downgrade that makes little sense; Kazakhstan – an apology for an overwhelming election victory; Sweden – struggling to keep the exchange rate down; Venezuela – down to having to hock gold. ALBANIA:  The country remains on track to join the EU – eventually – but much ... Read More »

Country Risk Climates: Trends To Keep an Eye On

Mauritius – the rupee seems to have regained its balance; Trinidad & Tobago – shortages of FX still persist, delaying payments; Venezuela – worsening relations with the US. BOSNIA AND HERZEGOVINA:  The European Union has decided to move ahead with a pre-accession pact, in the hope that the Bosnian leadership will stick to its reform commitments. This is a considerable ... Read More »

To Make Ends Meet:  Australians Struggle to Reduce Debt as Cost of Living Continues to Rise

Eighty-eight per cent of Australians say day-to-day expenses, rent or mortgage repayments, groceries and bills, are the most common roadblocks to paying down debt, according to new research by Experian, the global information services company. Experian research also showed 65 per cent of Australians incorrectly believe contributing to superannuation or saving money can have a positive impact on your credit ... Read More »

RBI to Issue Licenses of Small Banks and Payments Banks

The Reserve Bank of India has received 72 applications for small finance banks and 41 for payments banks The Reserve Bank of India (RBI) is processing about 100 applications for small finance banks and payments banks and might issue licenses in a few months. “We are processing them (applications) and hope to issue licenses to fit-and-proper applicants in a few ... Read More »

China P2P Online Lending: Regulation will be Crucial for Success

According to Chi Guan Jianzhong, president of the Chinese ratings agency Dagong Global, China is currently going through a quiet crisis: Many Internet-based money lenders (P2P platforms) are sinking, along with the funds they owe to their creditors.  The crisis may last into the middle of the year and incur a total loss of 100 billion yuan ($16 billion) to ... Read More »

Country Risk Climates:  Trends to Keep an Eye On

Denmark – from the top to the bottom for the krone; Hong Kong – battling to defend the USD peg; Morocco – a rebased basket link for the dirham; Singapore –better-than-expected numbers; Tanzania – the international donor group resumes aid; Turkey – vulnerabilities come to the surface. AUSTRALIA:  The Reserve Bank is letting another month go by without changing interest ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Jamaica – new investment laws & regulations in the making; Turkey – the lira’s depreciation hurts companies carrying FX debt; Uzbekistan – a steep drop of the sum; Vietnam – the economy continues to do well. ARMENIA:  The country has been painfully sideswiped by the troubles besetting the Russian economy, having just joined the Moscow-led EEU. Strategic reasons persuaded Yerevan ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Tajikistan – an unwitting but hard-pressed victim of Russia’s troubles; Thailand – a lifting of martial law, but in name only; United Arab Emirates – new, more relaxed rules governing IPOs. ARGENTINA: A slew of measures to benefit consumers are being unveiled as the country prepares for elections, but they will not do much to crank the ailing economy into higher ... Read More »

Australia Risk Climate:  Employment Plans Hold Despite Downturn

Despite a general pull-back in the near-term business outlook, corporate hiring intentions for the second quarter of 2015 remain resilient. According to Dun & Bradstreet’s Business Expectations Survey, the latest lift in hiring intentions comes during a period when fewer businesses are anticipating increased sales or profits, with below-trend growth continuing to subdue the economy. Survey responses have seen the ... Read More »

US – Pakistan Credit Initiative Targets Small- to Medium-Sized Pakistani Businesses

A bilateral government initiative aims to grow micro- to medium-sized businesses in Pakistan through a new, U.S. government-launched program. The effort marks the first escalation of business collaboration between the nations, which have seen relations worsen significantly this decade, in some time. Announced recently, the U.S.-Pakistan Partnership for Access to Credit program partners the U.S. Agency for International Development (USAID) ... Read More »