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Emerging market FX set to falter again this year
By Vuyani Ndaba and Hari Kishan JOHANNESBURG/BENGALURU (Reuters) – Emerging market currencies will cede more ground against the dollar this year, reversing the brief rally at the end of 2019, Reuters polls of foreign exchange strategists found. Last year was marred by the U.S.-China trade war, which forced investors to take refuge in safe havens […]
Swatch Group CEO sees ‘massive’ temporary hit in China from coronavirus
ZURICH (Reuters) – Swiss watchmaker Swatch Group <UHR.S> is taking a “massive” hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in a Sunday newspaper interview. “Given our very strong market position in China, of course we are massively hit by the temporary […]
Japan’s exports, machinery orders seen falling as virus risks grow: Reuters poll
TOKYO (Reuters) – Japan’s exports likely fell for a 14th straight month while machinery orders are expected to have dropped at the fastest pace in over a year, a Reuters poll showed on Friday, as activity in the world’s third-largest economy slows. While both trade and machinery order data due next week likely predate the […]