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EM-currency bulls hit snag as policy risks pile up moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Philippine Peso Slumps With Baht as Virus Woes Fan Easing Bets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Citigroup Inc. and Deutsche Bank AG were among the lenders recommending investors to short the South African rand last week as deadly riots threatened to derail an incipient economic recovery. Chile’s peso is also seen as vulnerable relative to more stable units such as the Russian ruble.With elections coming up in many major developing nations over the next three years and the pandemic worsening socio-economic fault lines, “political long Covid” may cast a widening pall, according to Bank of America Corp. Of particular concern is what that means for monetary policy, as central banks weigh the risks of higher inflation against the need for economic support. ....
Japan s Muji Appeals to China by Advertising Use of Xinjiang Cotton 1 Japan s Muji Appeals to China by Advertising Use of Xinjiang Cotton Clothing and homewares brand has publicly sided with Beijing in a way that many Western and other Japanese companies won t published : 13 May 2021 at 04:00 1 A Shanghai location of Muji. The retailer expects to have more than 300 stores in China by August. (Photo: Bloomberg) While Swedish clothing retailer H&M has been virtually wiped off e-commerce sites in China, rival Muji is winning applause there. The Japanese chain has publicly sided with the Chinese government in a way that many Western and Japanese companies won t. ....