Iran collapsing under the weight of inadequate oil prices, impending US sanctions, water scarcity et al:
“Since last December’s nationwide protests, the authorities in Tehran have been warning Iranians against staging demonstrations that could turn Iran into “another Syria.” Events of the past few weeks, however, showed a different danger looming for Iran, that of becoming “another Venezuela”.
“A stormy session of the Iran Chamber of Commerce and Industries in Tehran on Sunday put the focus on fears of economic meltdown accelerated by threat of tougher sanctions coming from Washington in August…”
“The price gap between Bahrain’s U.S. dollar conventional and Islamic bonds has widened to record levels, indicating a sharp disagreement between global investors and regional institutions over the country’s ability to avoid a funding crunch.”
“Tunisia reached a $2.8 billion loan deal with the IMF last year but agreed-upon reforms have failed to take shape. As in Jordan, Tunisia has faced public outcry when attempting to implement IMF-backed measures. Tensions escalated in January after the implementation of the government’s 2018 budget…”
https://thearabweekly.com/tunisia-beset-inflation-hikes-interest-rate-again
“The Canadian dollar has dropped roughly 6% against the US dollar this year on the back of a widening divergence in short-term interest rates and economic growth trends. The headline GDP growth rate in Canada has already decelerated for three consecutive quarters.”
https://seekingalpha.com/article/4183856-going-canada
““People didn’t have the money to go out … Here in Rio state we have lots of civil servants, and they weren’t paying the civil servants. So how is someone going to go out to consume culture? “It’s sad. The other day I was passing through Lapa … and I couldn’t believe it … It was empty: five years ago it would never have been like that.””
“The value of private equity exits in the UK plunged by more than 55 per cent in the first half of the year, new figures show.”
http://www.cityam.com/288157/value-uk-private-equity-exits-falls-more-than-50-per-cent
““There is no Brexit dividend for our industry,” Michael Hawes, chief executive of the Society of Motor Manufacturers and Traders, said.”
“German business confidence dipped again in June, a closely watched survey said Monday, as fears of a damaging transatlantic trade war and political infighting darken the economic outlook.”
https://www.businesstimes.com.sg/government-economy/trade-fears-sap-german-business-morale
“The gloom is deepening for Chinese stocks. The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day.”
http://money.cnn.com/2018/06/26/investing/china-stock-market-bear/index.html
“The slide in the yuan exchange rate over recent days comes as global investors start to vote with their feet, no longer viewing China as a “safe haven” impervious to trouble sweeping other emerging markets… The China currency scare two years ago ended when the Yellen Fed came to the rescue and suspended its tightening cycle, buying precious time for the Chinese authorities to restore control and launch a fresh mini-boom. The circumstances are entirely different today. The US is closer to overheating. The Powell Fed is more hawkish. The Trump Treasury will not lift a finger to help this time.”
“The Wisconsin-based motorcycle firm announced on Monday it would shift production of motorcycles intended for European consumers out of the United States, hoping to avoid European Union retaliatory tariffs. Those were applied last week in response to Trump’s own tariffs on steel and aluminum. For motorcycles, the European bloc raised its 6% tariff to 31%. That will make each bike about $2,200 more expensive to export, Harley-Davidson said.”
https://edition.cnn.com/2018/06/25/politics/trump-harley-davidson/index.html
