European stocks rose to a six-year high as Holcim Ltd. and Lafarge SA rallied and a U.S. report showed that the world’s biggest economy created more jobs in February than initially estimated.
Foreign investors boosted purchases of China’s onshore bonds by 16 percent this year as some funds look at the yuan’s drop as a buying opportunity.
The yuan has gone from being the most attractive carry trade bet in emerging markets to the worst in the space of two months as central bank efforts to weaken the currency cause volatility to surge.
Firms from Goldman Sachs Group Inc. to Deutsche Bank AG are putting their faith in India’s rupee as the country looks forward to the biggest improvement in its broadest measure of trade in a decade.
The Association of Banks in Singapore will discontinue its rupiah spot fixing used to settle non-deliverable forward contracts as the gap between onshore and offshore exchange rates converges.
Coffee and sugar futures soared in New York as record-high temperatures triggered supply concerns in Brazil, the world’s top producer and exporter of the crops.
Most Chinese stocks fell, led by energy and material companies.
Rajeev De Mello , head of investments and operations in Singapore at Western Asset Management Co., will leave the firm next month.
Brisa-Auto Estradas de Portugal SA, the country’s biggest toll-road operator, plans to step up cost cutting as traffic and toll revenue in Portugal may miss its target this year, Chief Executive Officer Vasco de Mello said.
Rajeev De Mello will move to Schroders Plc to run Asian debt investments for the U.K.’s biggest publicly traded fund company, leaving his job at Western Asset Management Co.
"If we see a bit of a recovery in the U.S., as we've seen, a bit of a recovery in China as well as the region, Korea will benefit."
- De Mello on Aug 25, 2013