By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) said on Friday it will separately identify the renminbi (RMB) in its official foreign exchange reserves database starting October 1, 2016. “The change will be reflected in the survey for the fourth quarter of 2016 that will be […]
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British soapmaker Cussons spooks investors with currency hit
British soap and shampoo maker PZ Cussons said its first-half performance was hurt by weak emerging market currencies that showed no signs of improving, prompting a fall in its shares as some analysts cut their full-year forecasts. Cussons, the maker of Imperial Leather soaps, nevertheless posted a 7.9 percent rise […]
Asian stocks shake off Wall Street shadow, dollar gains
The dollar pushed higher on Friday and Asian stocks clawed their way off session lows, moving past downbeat results on Wall Street as some investors wagered that upcoming U.S. data will paint an optimistic picture of the world’s largest economy. The dollar index, which tracks the greenback against a basket […]
