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South Korea’s new path
Weekly investor research
08 May 2017
The South Korean election tomorrow is likely to usher in more than a new face as president. President Duterte’s fiscal reforms advance in the Philippines. A key Lower House committee approves pension reform in Brazil. India takes an important step towards resolving the non-performing asset problem in the public sector banks. China’s reserves go up for the third month in a row as Chinese corporates increase their foreign liabilities. Panama’s stronger numbers point to rising global trade volumes. Venezuela’s opposition rejects President Maduro’s proposal for a constituent assembly. In the global backdrop, France becomes the second European country this year to reject far-right racist populists and events in the US go some way to restore optimism about the future.