Bitcoin, the digital money created as an alternative to currencies controlled by nations and banks, is finding that its wider adoption depends on both as governments in China and the U.S. demand enthusiasts play by existing rules.
Since 1989, Poland has stood out among the former communist countries as the most successful reformer with the highest cumulative economic growth. It sailed through the global crisis and was the only European Union nation that didn’t experience a recession in 2009.
Nigerian central bank Governor Lamido Sanusi is preparing to leave his post in June, raising concern among investors that his success in curbing inflation and stabilizing the currency may unravel in a pre-election year.
Asian bond markets are unlikely to see a repeat of the rout in the middle of the year when the Federal Reserve eventually tapers stimulus, according to BlackRock Inc., the world’s largest money manager.
The amount of short-term IOUs offered in dollars by foreign financial firms climbed to the most in at least 12 years as overseas banks favor debt issuance in the U.S. after the euro reached an almost two-year high against the dollar last month.
The Argentine peso is falling in a market used to wager on future currency values after Axel Kicillof’s promotion to economy minister fueled bets the country will create a foreign exchange system with multiple rates.
China fixed the yuan at a record high amid U.S. calls for faster appreciation and investors are tipping renminbi bonds to be one of the best bets in emerging markets as the Federal Reserve prepares to rein in stimulus.
The euro’s unexpected rally this year is spurring a jump in hedging as the currency’s strength threatens to damp earnings at companies from Deutsche Lufthansa AG to luxury-goods maker LVMH Moet Hennessy Louis Vuitton SA.
Scania AB, the Swedish truckmaker controlled by Volkswagen AG, fell the most in more than a month in Stockholm trading after Bank of America Merrill Lynch said Scania’s earnings may suffer from a strong krona.
India’s rupee fell for a third day on speculation resurgent inflation will force the central bank to boost borrowing costs, setting back efforts to arrest an economic slowdown. Interest-rate swaps climbed.