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Global Newsletter & Insights Series
The speed of China's exit from zero-Covid is surpassing even the optimistic expectations reflected in last week's note. The readout from the Politburo meeting on 7 December omits any reference to dynamic zero, signaling that the Communist Party leadership has abandoned it. A day later, the National…
On October 28th 2022, the SEC adopted the final compensation-related rule of the Dodd Frank Act, requiring companies to recoup compensation that was previously awarded to certain executives based on false information. Whereas companies were able to implement other Dodd-Frank compensation-related rules without fundamentally changing their pay plans (such as…
Our Emerging Markets (EMs) outlook table summarizes the impact of elections in EMs in 2023. Markets are ordered in accordance with the electoral calendar. Risk ratings are relative to each country, and not comparative across all countries listed. The table is intended as a summary, not to replace our deeper…
Earlier this year, Republican Senators introduced the “INDEX” Act that would require passively managed funds to vote proxies in accordance with the instructions from their clients. The proposed bill followed the announcement of BlackRock’s “Voting Choice” initiative that provides clients the option to vote proxies themselves. Vanguard and SSGA have…
Mixed signals across oil markets have created a very unstable landscape. Geopolitical tensions will underpin current volatility leaving little room to balance the market and stabilize prices for the foreseeable future. This has triggered a trend toward greater market interference and protectionism that could remain and spill into a wider…
Chinese cities are moving to ease Covid restrictions. The EU ban on seaborn Russian crude comes into force. The political fate of South Africa’s president will take center stage. Meanwhile, regional state election results are expected in India, a no-confidence vote will be debated in Slovakia, a potential constitutional amendment…
Our bi-weekly spotlight explores key ESG-related market developments and their implications for corporates and investors. ESG in the News Teneo’s U.S. GA and Governance teams have published a brief “Who’s Down With ESG? The US Midterm Elections and the Future of ESG Investing.” The brief provides views on the…
Protests against the zero-Covid policy have emerged in at least ten cities, with some protests broadening to include opposition to "dictatorship" and demands for democracy, free speech, and human rights. The protests are highly unlikely to threaten President Xi Jinping's political status or the Communist Party's grip on power, given…
A slew of global meetings was held in Southeast Asia in November, which saw the return of face-to-face diplomacy after the pandemic put a hold to traditional diplomatic meetings for almost three years. Over 12 days, key global leaders converged in Southeast Asia for the ASEAN Summit, G20 Summit and…
Public protests have spread to multiple Chinese cities. Speculation about debt restructuring continues in Ghana. The European Commission will make a proposal on whether to withhold payments to Hungary. Malaysia’s prime minister will present his cabinet. Meanwhile, Japan’s prime minister continues to face headwinds, NATO foreign ministers will gather in…
The ruling PSOE-Podemos coalition has an incentive to hold together until next year’s legislative elections, even if friction between the two parties likely becomes more intense as polling day approaches. Whether the center-right PP can maintain its momentum in the polls will be contingent on the ability of party leader…
The US defense secretary is likely to meet his Chinese counterpart. Brazil’s president-elect is returning from COP. Two EU meetings will be watched. Meanwhile, Malaysian politics will remain highly uncertain, the incumbent has won the presidential elections in Kazakhstan, pressure is growing for a new constitutional re-write process in Chile,…
