Russia's consumer inflation accelerated again in May and is on track to speed up further in the coming months, central bank analysts said in a report on Wednesday, days before the bank's rate-setting meeting.
Mexican President Andres Manuel Lopez Obrador drew flak on Wednesday from one of his appointees to the central bank for his criticism of Bank of Mexico Governor Alejandro Diaz de Leon and the announcement that he would replace him at the end of 2021.
(Updates bond prices, adds no response from creditors)
NEW YORK, June 2 (Reuters) - Suriname requested a 70% nominal haircut on its debt to external commercial creditors and a 30% cut on its debt to official creditors, the government said on Wednesday.
The government proposed a $236 million instrument maturing in 2029 to replace amounts outstanding, interest and arrears totaling some $786 million in marketable debt.
It also requested a 30% average nominal haircut on about $708 million currently owed to bilateral creditors and export credit agency-backed commercial lenders.
“To find a path of balanced and inclusive growth, public debt sustainability needs to be restored. We are committed to this as part of the IMF-supported program,” said Armand Achaibersing, Suriname’s minister of finance and planning.
By Reuters Staff
3 Min Read
June 2 (Reuters) - Gold prices on Wednesday retreated from a near five-month high marked in the previous session, as an uptick in bond yields weighed on the safe-haven metal while strong U.S. economic data prompted the shift back into riskier assets.
FUNDAMENTALS Spot gold was down 0.1% at $1,898.58 per ounce, as of 0053 GMT, after hitting its highest since Jan.8 at $1,916.40 on Tuesday. U.S. gold futures eased 0.2% to $1,901.90 per ounce. Data showed that U.S. manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.
Possible harsh Western sanctions against Belarus for its move to force a Ryanair flight to land could exacerbate its economic vulnerability and lead to higher dependence on its neighbour Russia, S&P Global Ratings said on Wednesday.