Latest news with #emergingmarkets
Bloomberg
5 hours ago
- Business
- Bloomberg
Billions in Bank Loans Buy Panama Time as Slide Into Junk Looms
Traders are questioning how much further a double-digit rally in Panama bonds can go this year, concerned that President Jose Raul Mulino's borrowing binge will backfire sooner or later. The nation's debt has returned more than 11% in 2025 as Panama refrained from selling new bonds, bucking the increase in issuance in other emerging markets. Instead, the government has authorized a $6 billion loan program to fund the budget.
Bloomberg
6 hours ago
- Business
- Bloomberg
Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed
Nigerian President Bola Tinubu's reforms are sparking the biggest bond rally in emerging markets as the West African nation's two-digit carry yields are backed by increasing government revenue, slowing inflation and a stable currency. Naira-denominated bonds of Africa's largest crude producer have extended their 2025 rally with an 8.6% total return in July, the best performance among the 23 countries in the Bloomberg EM Local Currency Government Universal Index both for the month and the year.
Finextra
a day ago
- Business
- Finextra
DLocal to support RizRemit payouts in Africa and Asia
dLocal (NASDAQ: DLO), the leading cross-border payment platform specializing in emerging markets, has joined forces with RizRemit, a fast-growing digital remittance provider, to support its payout operations in key African and Asian corridors. 0 When remittances fuel entire economies, delays and rigid systems don't just slow transfers—they disrupt everyday life. According to the World Bank, remittances account for 3% or more of GDP in over 60 countries, making fast, flexible access to payment methods on both ends not just helpful, but essential. Through a single integration with dLocal, RizRemit is gaining the tools to make delivery simpler and more in tune with how people actually move money. Backed by this infrastructure, RizRemit can provide its users access to domestic bank rails and popular eWallets like OPay in Nigeria or JazzCash and EasyPaisa in Pakistan—ensuring recipients receive funds through the channels they trust and use. The result is lower operational complexity, faster settlement times, and greater flexibility without compromising reliability. 'Remittances are a lifeline for our users and their families', said Muhammad Rizwan Javeed, CEO at RizRemit. 'To serve their needs, we have to offer options that work reliably. dLocal gives us access to local rails that make sending money faster and more intuitive, while keeping operations simple on our side.' 'RizRemit's focus on high-efficiency remittance flows aligns with our strengths in local infrastructure,' said Martin Sapiurka, Head of Remittances at dLocal. 'Together, we're improving how cross-border payouts are made by connecting directly to the systems people rely on every day.'
Bloomberg
a day ago
- Business
- Bloomberg
India's Economic Activity Sends Mixed Signals in July, PMIs Show
India's manufacturing activity strengthened in July, while the services sector showed signs of easing, according to a flash survey by HSBC Holdings Plc. The manufacturing purchasing managers' index rose to 59.2 in July from 58.4 in June, marking its highest level in nearly 17.5 years, according to HSBC. In contrast, the services purchasing managers' index edged down to 59.8 from 60.4 last month, slightly weighing on overall activity. As a result, the composite index eased to 60.7 compared to 61.0 in the previous month.
Zawya
2 days ago
- Business
- Zawya
DP World unlocks $1bln to reshape global trade finance
DP World has announced that it has achieved a major milestone with its key unit - DP World Trade Finance - mobilising over $1 billion in working capital for businesses across emerging markets, thus helping close the global trade finance gap and keeping goods moving through some of the world's most challenging economic environments. This feat was achieved through a combination of DP World's own lending operations and partnerships with more than 32 financial institutions globally - including JP Morgan, Standard Bank, NedBank and more. Their financing solutions, delivered alongside DP World's logistics capabilities, have helped reduce risk and improve access to capital for underserved businesses of all sizes, thus lowering barriers to international trade, said DP World in a statement. The global trade finance gap, estimated at $2.5 trillion, continues to limit opportunities for businesses in developing economies, particularly those without access to traditional financing due to limited credit histories, lack of collateral, or weaker balance sheets that classify them as high risk. By combining trade finance with logistics, DP World offers businesses both funding and real-time visibility into their supply chains, it stated. This integrated model helps lenders make faster, more informed decisions - unlocking capital where it's needed most. The portfolio that DP World Trade Finance handles has also proven to create an very healthy loan book with high quality assets, way better than the industry benchmarks, further reinforcing the effectiveness of this data-driven, integrated approach, said the statement. To date, DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors including agriculture, metals, automotive, and engineering, it added. On its key achievement, Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem said: "The growth of our trade finance business underscores the UAE's role as a catalyst for global trade. By making capital more accessible, particularly in high-potential markets, we are shaping a trade system that is more inclusive and resilient." Sinan Ozcan, the Senior Executive Officer, DP World Trade Finance, said: "Cross-border trade is the engine of global economic growth, but access to affordable finance remains a critical barrier for many businesses, especially SMEs in emerging markets." "Reaching this $1 billion milestone reflects our commitment to changing that. Through DP World Trade Finance, we've created a network that connects businesses with capital, streamlines the financing process and enables trade to flow more consistently on a global scale," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
