Mexico’s peso volatility fell for an 11th session, the longest stretch of declines since August 2010, as investors awaited a report on U.S. employment for clues on the Federal Reserve’s plans to cut monetary stimulus.
Ayala Land Inc. will develop tourism complexes and hospitals as one of the Philippines’ biggest builders expands beyond housing, malls and offices to boost profit that rose to a record. Shares rose to a four-month high.
Mexico’s peso tumbled to the weakest since July 2012 along with other emerging-market currencies as concern grew that China’s economic recovery will stall and Turkey failed in attempts to stave off a slide in its lira.
The Honduran government is deploying mobile stores selling basic goods in a bid to crack down on “speculation” by companies in the wake of an increase in business taxes meant to narrow the country’s deficit.