[{"id":"469377","title":"Moody's Upgrades Oman's Rating to Investment Grade","date":"2025-07-10T23:41:18.687","description":"Moody's Global Ratings upgraded Oman’s long-term issuer and senior unsecured ratings to Baa3 from Ba1 on Thursday, citing expectations of continued improvement in debt ratios and resilience to lower oil prices. The agency also revised the country's outlook to stable from positive. Oman's government debt fell to 35.5% of GDP at the end of 2024, down from 37.5% at the end of 2023, continuing a positive trend that began in 2020. Meanwhile, government expenditure dropped to below 29% of GDP in 2024, compared to an average of more than 42% during the 2016–2020 period. This fiscal restraint has helped lower Oman’s breakeven oil price to under USD 70 per barrel for 2024–2025, compared to an average of more than USD 84 per barrel between 2016 and 2020. Standard & Poor’s credit rating for Oman remains at BBB- with a stable outlook.","country":"Oman","category":"Credit Rating","symbol":"","url":"/oman/rating","importance":1},{"id":"469374","title":"Shares in New Zealand Set to End Week on Muted Note","date":"2025-07-10T23:08:28.78","description":"New Zealand's stocks rose 15 points, or 0.1%, to 12,776 in morning trade on Friday, reversing losses from the previous two sessions, mainly supported by gains in the industrials, communication services, and tech sectors. The NZX 50 tracked a rise on Wall Street overnight, as investors focused on strong corporate results. However, traders were anticipating the release of trade data from New Zealand's top trading partner, China, on Monday, amid ongoing uncertainty surrounding global trade. Traders also expected a slew of domestic data next week, including figures on business services and food inflation. On the data front, New Zealand business PMI rose slightly in June, but remained in contraction.     For the week, the index remained muted, following its third consecutive weekly gain, amid continued US trade tariff uncertainty. Among early gainers were AFT Pharmaceuticals (1.5%), Gentrack Group (1.0%), F&C Investment (0.8%), and Mainfreight (0.6%).","country":"New Zealand","category":"Stock Market","symbol":"NZSE50FG","url":"/new-zealand/stock-market","importance":1},{"id":"469373","title":"Peru Keeps Rates Steady at 4.5% in July","date":"2025-07-10T23:06:53.23","description":"The central bank of Peru left its benchmark interest rate unchanged at 4.5% in its July meeting,  stating that future adjustments will depend on new data regarding inflation and its key drivers. The decision followed recent inflation figures showing a 0.13% monthly rise in June, with core inflation up 0.07%. Annual inflation held at 1.7%, and core annual inflation edged down from 1.8% to 1.7%. Inflation expectations for the next 12 months remained at 2.3%, within the central bank’s target range. Officials expect inflation to remain at the lower end of that range in the short term and stabilize near the midpoint over time. Despite a slight deterioration in current economic indicators, most remained in optimistic territory, suggesting activity near potential levels. The bank noted that global growth outlooks have weakened due to trade restrictions, fueling uncertainty and financial market volatility, and reiterated its commitment to adjusting policy as needed to meet its inflation goals.","country":"Peru","category":"Interest Rate","symbol":"PRRRONUS","url":"/peru/interest-rate","importance":1},{"id":"469370","title":"New Zealand Factory Activity Slips Again in June","date":"2025-07-10T22:38:54.843","description":"The BusinessNZ Performance of Manufacturing Index (PMI) in New Zealand rose to 48.8 in June from 47.5 in May, marking a second straight month of contraction following four consecutive months of growth. While the modest uptick suggests a slower pace of decline, the strong start to the year is increasingly being offset by mounting challenges, as manufacturers struggle to expand across most areas of their operations. Of the five main sub-indexes, four weakened, with only New Orders showing growth at 51.2, hinting at some near-term optimism. Production inched up to 48.6, nearing stabilization, but Finished Stocks fell to a seven-month low of 46.9, and Employment remained in contraction at 47.9. Sentiment among respondents stayed cautious, with over 65% of comments expressing a negative outlook. Key concerns included weak consumer demand, high living costs, reduced construction activity, and global uncertainty, all weighing on orders and cash flow.","country":"New Zealand","category":"Manufacturing PMI","symbol":"NEWZEALANMANPMI","url":"/new-zealand/manufacturing-pmi","importance":2},{"id":"469365","title":"Ibovespa Pressured by US Tariffs","date":"2025-07-10T20:59:47.83","description":"The Ibovespa dropped 0.5% to close at 136,743 on Thursday, as President Trump’s announcement of 50% tariffs on Brazilian exports—tied to legal actions against former President Bolsonaro—reshuffled sectoral leadership and rattled trade-reliant names. Financials bore the brunt with Banco Do Brasil (-0.8%), Banco Santander (-1.7%), Itaúsa (-1.5%),and Bradesco (-1.9%) after analysts pared back ratings amid heightened US trade barriers. Embraer tumbled 3.4% given its 60% US revenue exposure, highlighting acute vulnerability to slapping of levies on aerospace exports. Miners and steelmakers provided some offset, Vale gained 2.3%, CSN surged 5% and Gerdau added 0.5%—reflecting enduring global commodity demand, but energy stocks like Petrobras were held back as crude prices dropped. Meanwhile, June’s IPCA inflation deceleration went largely unnoticed, leaving trade-war fallout as the dominant drag on equities.","country":"Brazil","category":"Stock Market","symbol":"IBOV","url":"/brazil/stock-market","importance":0}]