Recent Posts

A prolonged rout looms for India’s bonds as RBI pulls support

Bloomberg It’s starting to look like India’s sovereign bond market is on the brink of a prolonged rout. Traders have shied away from the long-end of the curve since July on concern the government will expand record bond sales. Sentiment towards the short-end, which closely tracks policy rates, turned negative after the central bank surprised by holding off on easing. ...

Read More »

Eskom increases power cuts as more plants fail

Bloomberg Eskom Holdings SOC Ltd expanded a schedule of rolling blackouts across South Africa after more of the state-owned utility’s generating units failed, spotlighting the fragility of the power supply system. The struggling state-owned company is cutting 4,000 megawatts from the grid, spokeswoman Dikatso Mothae said by phone. So-called stage-4 loadshedding, the highest degree that has been implemented thus far ...

Read More »

Poland’s chaebol spooks investors

Bloomberg Minority investors in Poland’s state-run companies fled on concerns that a surprise $753 million bid by the country’s top oil refiner to buy a power producer may herald more government efforts to build “cross-industry” national champions. The risk is that some of the biggest companies listed in Warsaw — the worst-performing primary equity index in the world — are ...

Read More »
Send this to a friend