Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s libertarian President Javier Milei is slowing the monthly devaluation of the peso, doubling down on an unorthodox currency policy that he says is essential to ending the country’s inflation crisis. Milei last year allowed […]
China’s currency has weakened to a 16-month low as the potential for sharp tariff increases from the incoming Trump administration fuels concern over growth prospects for the world’s second-largest economy. The onshore renminbi fell 0.1 per cent to Rmb7.34 against the dollar on Wednesday, its weakest since September 2023, in spite of the People’s Bank […]
The Argentine peso strengthened more in real terms than any other currency in 2024, boosting the popularity of libertarian President Javier Milei even as economists question the sustainability of high prices in Argentina. The peso strengthened 44.2 per cent in the first 11 months of the year against a basket of trading partners’ currencies, adjusting […]
A panic in Brazil’s financial markets has laid bare plummeting investor confidence in the fiscal policy of President Luiz Inácio Lula da Silva, with his leftwing administration under intense pressure to fortify the public accounts of Latin America’s largest economy. The real dropped to a record low against the US dollar on Wednesday, leading to […]
What if the total sum of wealth in the world was immediately and simultaneously redistributed equally among the six billion adult people in the world? — Bezz UBS’s Global Wealth Report puts global wealth at around $450tn, which would mean each adult would get about $75,000. On the day that your proposal goes into effect, […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brazil’s currency rout will continue to escalate unless the country’s central bank steps up its emergency measures and Luiz Inácio Lula da Silva’s government delivers fiscal reforms, investors and analysts have warned. The Brazilian real […]
