Romania’s leu gained the most in two weeks, the best-performing emerging market currency, as the inclusion of the nation’s debt into JPMorgan Chase & Co.’s bond index spurred investors’ interest for the country’s assets.
The zloty fell to the weakest level in five months as investors expect gross domestic product data set to be published tomorrow will confirm the economy is slowing, bolstering the case for further interest rate cuts.
Romania’s central bank cut its benchmark interest rate for the third time in as many meetings as a record-low inflation rate makes room for further easing this year to boost economic growth amid Europe’s debt crisis.
At a Daimler AG plant that overlooks the East London harbor in South Africa, robots help produce one of the world’s best-selling luxury cars. A line of one-armed, orange, computerized machines works under minimal human supervision, attaching panels to chassis for Mercedes-Benz C- Class sedans.
South Africa’s proposed addition to Citigroup Inc.’s World Bond Index may drive yields to the lowest in more than three years based on Mexico’s experience, according to Royal Bank of Scotland Group Plc.