By Reuters Staff
2 Min Read
LONDON, Dec 22 (Reuters) - Sub-Saharan African governments will return to international capital markets in 2021 with Ghana, Kenya and Nigeria to issue bonds as investors once again are expected to embrace more risk, the Institute of International Finance said.
Emerging market bond issuance has sprung back to life after the fallout from the coronavirus pandemic roiled global markets in the spring and saw bond sales from many developing nations grind to a halt.
Yet frontier markets - smaller and often riskier emerging markets - had still some catching up to do, the IIF said in a note to clients.
The European Commission said on Tuesday it would seek to boost the international role of the euro and build European financial infrastructure so that the EU becomes more independent of outside financial centres and the dominance of the U.S. dollar.
South Africa's state-owned Land Bank could get another bailout this year, after the National Treasury told Reuters it was considering the bank's application for a 7 billion rand ($463 million) equity injection as part of the budget process.
U.S. President-elect Joe Biden and his economic team are focused now on providing quick relief for American families hit by the coronavirus pandemic and its economic fallout, not raising taxes, Biden's nominee to head the Treasury said on Tuesday.
By Reuters Staff
1 Min Read
Italia Viva party leader and former Italian Prime Minister Matteo Renzi addresses the Senate prior to a confidence vote, in Rome, Italy January 19, 2021. Alessandra Tarantino/Pool via REUTERS
ROME (Reuters) - The centrist Italia Viva party confirmed that it will abstain in a crucial confidence motion in the Senate on Tuesday, increasing the probability that Prime Minister Giuseppe Conte’s government will survive the vote.
Italia Viva, led by former premier Matteo Renzi, triggered an ongoing political crisis when it withdrew from the ruling coalition last week.
“Despite the many untruths in your speech, we will abstain,” the party’s former Agriculture Minister Teresa Bellanova told the Senate ahead of the confidence vote after fiercely attacking Conte and blaming him for the coalition rupture.