Inflation Debate Hits Emerging Markets With Pimco Standing Firm
(Bloomberg) — Investors are about to get a snapshot of any price pressures building across the developing world — the fallout of the unprecedented stimulus…
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(Bloomberg) — Investors are about to get a snapshot of any price pressures building across the developing world — the fallout of the unprecedented stimulus…
Isabel dos Santos. Image: Nuno Coimbra A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble. From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed. All of the businesses are controll...
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(Bloomberg) --Career banker Guillermo Lasso won Ecuador’s presidential election after a late surge in support, reassuring bondholders in the default-prone country and shoring up U.S. ties.
File photo of Central Bank Governor Riad Salameh . Salameh’s record is under attack unlike 2008 when he confidently talked up Lebanon’s success. Salameh’s credibility has been on the line after promising so many things and not being able to deliver . He reportedly has consistently favored policies whose outcome has been nothing short of disastrous to the Lebanese people The U.S. is considering sanctions against Lebanon’s long-serving central bank chief as a broader investigation into the alleged embezzlement of public funds in the country gathers pace, according to four peop...