Japan fell behind European nations in a ranking of the best places to do business compiled by Bloomberg, underscoring the need for Prime Minister Shinzo Abe to take bolder steps to reduce regulation and attract companies.
The Federal Reserve will probably focus on assuring investors it will maintain low interest rates as it prepares to reduce bond purchases, according to Stephen King, chief global economist at HSBC Holdings Plc.
On Jan. 1, Latvia will adopt the euro, and its lats currency will be no more. Farewell to the bearded Krisjanis Barons, the collector of folk songs who graces the 100-latu note. The Baltic nation is shucking a piece of its heritage because its leaders predict joining Europe’s common currency zone will lead to more trade and prosperity.
The dollar, euro and pound are all unappealing investments, either because of policies of “benign neglect” or concerns on the euro region’s stability, said Stephen King, chief economist at HSBC Holdings Plc.
Dubai, the Gulf emirate restructuring $23.5 billion in debt, could recover “relatively quickly” thanks to rising oil prices and its good infrastructure, said Stephen King , chief economist at HSBC Holdings Plc.