NEWS FLASH

***NEW*** GULF COOPERATION COUNCIL (GCC) COVERAGE ADDED TO GLOBALSOURC...

Country Insights

Gsp in brief thumbnail
Zelenksy's party cruising to victory in Ukraine, as he speaks with Putin
RUSSIA / FSU POLITICS - In Brief 11 Jul 2019
President Zelensky's party 'Servant of the People' is set to win easily in elections to the Ukrainian Rada (Parliament). An analysis of the various opinion polls shows that Servant of the People is due to score 47% of the vote. In second place Opposition Platform - For Life us due to win about 11...

Gsp report report thumbnail
The Hong Kong capital channel
CHINA ADVISORY - Report 11 Jul 2019
Hong Kong is an important center for China’s financial expansion, globalization of the RMB, and trade relations. It is also a center for illegal capital flows and management of the strength of the currency through state proxies. Here we look at Hong Kong’s banking to understand its global lending...

Gsp report report thumbnail
Pension Reform: Breaking down the vote
BRAZIL POLITICS - Report 10 Jul 2019
The Lower House approved the main text for Pension Reform with 379 votes in favor and 131 against. The landslide vote represents another important victory for the government. It is also a win for Rodrigo Maia (DEM-RJ), who was responsible for securing support. Maia also voted in favor of the prop...

Gsp in brief thumbnail
Rumor that Russian domestic shopping company will split
RUSSIA / FSU POLITICS - In Brief 10 Jul 2019
Two years ago Sberbank and Yandex formed a partnership to promote e-commerce. They created an online market called Beru. Their platform for buying imported goods is called Bringly. Sberbank now considers this a failure but the decision to terminate the partnership is not yet final. In August 2017...

Gsp report report thumbnail
QATAR: Construction GDP contracted in Q1, but is no cause for alarm
GULF COUNTRIES - Report 10 Jul 2019
Real GDP growth remained low at 0.9% y/y in Q1. Construction contracted by 1.2%, the first decline since 2005, but this was expected after a major development wave, and the contraction will deepen in the coming years. Other non-hydrocarbon sectors continue to experience modest, but not spectacula...

Gsp in brief thumbnail
Russian PM says yes to road to Kazakhstan
RUSSIA / FSU POLITICS - In Brief 09 Jul 2019
A new road called the Meridian Highway has been given the go ahead by Russian Prime Minister Medvedev. This will be a toll road that will run from the EU across Russian territory en route to Kazakhstan. The 2000 km long road will start in Belarus. The total cost is estimated at USD 9.4 billion by...

Gsp in brief thumbnail
Mexico´s Minister of Finance Resigns: Goodbye Fiscal Discipline
MEXICO - In Brief 09 Jul 2019
Carlos Urzúa quit surprisingly as Mexico’s Minister of Finance. His letter of resignation is short and tough. He mentions there have been many discrepancies on economic issues in AMLO’s government, and he disliked that some actions have been decided without enough foundation and particularly that...

Gsp report report thumbnail
The President’s hopes for the 4th Industrial Revolution to bring inclusive economic growth in South Africa
SOUTH AFRICA - Report 09 Jul 2019
On February 16 2018, a day after assuming office as the 5th President of South Africa, Mr Cyril Ramaphosa delivered his inaugural State of the Nation Address (SONA), admitting that the country has had to function under difficult conditions. Poverty levels have been increasing in recent years afte...

Gsp in brief thumbnail
​Ali Babacan quits AKP, launches new Movement
TURKEY - In Brief 09 Jul 2019
Former Minister of Foreign Affairs and better known as economy czar under Erdogan, Ali Babacan formally submitted his resignation to AKP yesterday, at the same time announcing the formation of a new Movement. I consider his departure from AKP a significant milestone in the evolution of the conser...

Gsp in brief thumbnail
Mostly good news on CPI-inflation in June
HUNGARY - In Brief 09 Jul 2019
This morning's release of the June CPI-inflation data resulted in decreases by the yoy rates of three of the four key indicators, whereas the fourth one remained unchanged. Most importantly, the headline inflation rate fell to 3.4% yoy from the 3.9% yoy reported in May, and the MNB's main policy ...

Gsp report report thumbnail
Politics: Democratic perception paradox
MEXICO - Report 08 Jul 2019
At a time when many political analysts, as well as social and economic agents, are growingly increasingly alarmed that aspects of President López Obrador's project and style of governing are leading to an excessive concentration of power that if left unchecked could lead to democratic regression,...

Gsp report report thumbnail
Economics: Changing job market and mood
MEXICO - Report 08 Jul 2019
At first glance, the economic uncertainty and major policy overhauls that have characterized the first seven months of President Andrés Manuel López Obrador’s administration don’t appear to have led to changes in the country’s job market on a significant scale. However, there are some signs that ...

Gsp report report thumbnail
Optimism about Pension Reform before the recess
BRAZIL POLITICS - Report 08 Jul 2019
Expectations surrounding the Pension Reform vote are growing. The speaker of the House, Rodrigo Maia (DEM-RJ), is working to conclude the process before the congressional recess begins, on July 18. The rapporteur of the LDO, Rep. Cacá Leão (PP-BA), presents his final report. On Wednesday, IBGE re...

Gsp report report thumbnail
NEW - GlobalSource Partners adds Gulf Cooperation Council (GCC) coverage
GULF COUNTRIES - Report 08 Jul 2019
With the inclusion of GCC countries in the MSCI Emerging Markets Index and in the JP Morgan EMBI Index, and an anticipated $30-60 billion expected to flow into the region, we are pleased to announce the expansion of our emerging markets coverage to include Gulf Cooperation Council (GCC) countries...

Gsp report report thumbnail
Datafolha: After six months in office, the Bolsonaro administration divides public opinion
BRAZIL POLITICS - Report 08 Jul 2019
The Datafolha survey released today, July 8, shows that after six months as president of Brazil, opinion regarding Jair Bolsonaro is divided. This result can be explained by Bolsonaro’s strategy of betting on controversial issues, such as legalizing the possession of firearms, which divide public...