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Webinar Replay: Chile post referendum: What’s next
CHILE · Report · 09 Sep 2022 · 1 response

After Chileans overwhelmingly rejected the draft constitution proposed by the constitutional convention, visit our calendar page to watch the replay of our webinar "Chile post referendum: What’s next" featuring Robert Funk discussing the breakdown of the vote, the implications for the Boric admin...

Lula and Bolsonaro aim their campaigns toward low-income voters, the STF should begin trial on the lawsuit against the national nursing salary floor, and Minister Rosa Weber will assume the presidency of the STF on Monday
BRAZIL POLITICS · Report · 09 Sep 2022

President Jair Bolsonaro (PL) promised an extra R$ 200 in the Auxílio Brasil program payments for those who are looking for a job. With this additional payment, the Auxílio Brasil program could reach a total of R$ 800. Yesterday, former President Lula said that the minimum wage will increase as t...

Slide Presentation: Chile post referendum: What’s next?
CHILE · Report · 09 Sep 2022

Access the pdf fil​e of the presentation​ from the GlobalSource Partners' webinar "Chile post referendum: What's next?". After Chileans overwhelmingly rejected the draft constitution proposed by the constitutional convention, Robert Funk discussed the breakdown of the vote, the implications for ...

Putin pays tribute to the Queen
RUSSIA / FSU POLITICS · In Brief · 09 Sep 2022

On September 8 President Putin offered his condolences to King Charles III. The Russian President also said that the late Queen had ''courage and resilience''. It was a rare moment of rapprochement between Russia and the United Kingdom. The UK will be very focused on the funeral in 10 days time s...

South Africa’s current account records a deficit for the first time since Q2 2020
SOUTH AFRICA · Report · 08 Sep 2022

Another unwelcome economic metric for South Africa came out today as data released by the South African Reserve Bank (SARB) shows that after recording consecutive surpluses since Q3 2020, the country’s current account balance switched to a deficit in the second quarter of 2022. The balance on the...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 08 Sep 2022

The announced decision of G7 group to introduce price cap for Russian oil as well as further initiative from EU to do the same in relation to Russian pipeline gas had no impact on FX market yet. The oil price that fell in the past two weeks also didn't affect the ruble so far. The Russian currenc...

Ukraine advances east of Kharkiv
RUSSIA / FSU POLITICS · In Brief · 08 Sep 2022

The Russian Army is having difficulty as the Ukrainians have gradually moved forward from the eastern city. Ukraine claims to have moved forward 50 km which is unlikely. Ukraine has definitely retaken a few villages. Kharkiv is Ukraine's second largest city. Kharkiv had been largely ignored for w...

Yesterday’s demonstrations in support of the government were significant, the opposition will file a lawsuit against Bolsonaro for his actions during the events, and the latest poll shows a 6-point difference between Lula and Bolsonaro
BRAZIL POLITICS · Report · 08 Sep 2022

During his speech in Rio de Janeiro, Bolsonaro spoke about the Auxílio Brasil program, corruption, and his criticisms of the Supreme Federal Court (STF). When asked by the press, ministers of the Supreme Federal Court called Bolsonaro's speeches "measured". Senator Randolfe Rodrigues said that he...

Hungary has two CPI-inflation numbers for August
HUNGARY · In Brief · 08 Sep 2022

The release of the monthly consumer inflation data is rarely more interesting than now, given the structured increases of administratively controlled retail prices of fuel, electricity and pipeline gas, all in force since the start of August. For a base figure, headline CPI-inflation was 13.7% yo...

Russians can evade sanctions in Belarus
RUSSIA / FSU POLITICS · In Brief · 08 Sep 2022

Many Russians are going to Belarus to purchase items unavailable in Russia due to sanctions. Western retailers and payments companies still function in Belarus. There are extra flights and trains between Russia and Belarus. Visa and MasterCard can be obtained by Russians if they open a bank accou...

Losing steam
VENEZUELA · Forecast · 07 Sep 2022

Our projections point to an economy with a slow recovery in economic activity, persistently high inflation and a modest balance of payments surplus sustained by high oil prices and the default on the public debt. Venezuelans today are discouraged by the slow pace of the Mexico talks and delays...

Invasion halted, economy damaged, de-occupation underway
UKRAINE · Report · 07 Sep 2022

A half a year has passed since the start of the unprovoked full-fledged Russian aggression. Ukrainian armed forces, backed by Ukrainian society and extensive support from the civilized world, managed to stop the invasion across the board. By midsummer the frontline had stabilized, and the Ukrai...

The National Bank of Kazakhstan left the base rate unchanged
KAZAKHSTAN · In Brief · 07 Sep 2022

On September 5, the National Bank of Kazakhstan decided to leave its policy rate at 14.5% despite the fact that inflation in August accelerated m-o-m to 1.4% from 1.1% in July as reported by the Bureau of National Statistics. In May inflation was also 1.4% m-o-m while in June it was slightly high...

Analysts expect 15.7% yoy (median forecast) CPI-inflation for August
HUNGARY · In Brief · 07 Sep 2022

KSH is set to report the August CPI-inflation data tomorrow. Portfolio.hu's analyst survey shows that participants have been under the influence of the MNB's latest statement, according to which the headline inflation rate is likely to have gone to 15-16% yoy in August, following 13.7% yoy in Jul...

Russia building closer relationship with Serbia
RUSSIA / FSU POLITICS · In Brief · 07 Sep 2022

Billboards have appeared across Belgrade hailing the Russian Foreign Minister as, ''the world's greatest diplomat''. Russia is keen to underscore the similarities between itself and Serbia. Both are Orthodox Christian, Slavic and former socialist countries. Both have clashed with the West since t...