Emerging Markets: Major change of things - BBH

FXStreet (Delhi) – Research Team at BBH, lists down the major changes in the emerging markets place in the recent times.

Key Quotes

1. South African President Jacob Zuma fired Finance Minister Nene and replaced him with little-known ANZ lawmaker David Van Rooyen

2. S&P revised the outlook on South Africa’s BBB- rating from stable to negative

3. People’s Bank of China announced the publication of a new CNY basket on its website

4. Moody’s put Brazil’s Baa3 rating on review for possible downgrade

5. Brazil’s Supreme Court suspended for a week the creation of the congressional impeachment committee

6. Relations between Brazil Vice President Temer and President Dilma Rousseff have deteriorated sharply

7. Argentina’s central bank President Alejandro Vanoli resigned

8. The Venezuelan ruling party lost control of the National Assembly in last weekend’s elections