Gemma Godfrey of Brooks Macdonald guides investors to focus on management and financial strength in the emerging markets. China and Brazil are in a much stronger fiscal situation, she says.
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The Swiss franc on Thursday held on to gains made the previous day after a top government official said Switzerland would have to live with a strong currency, while commodity currencies dipped after Brazil unexpectedly cut interest rates, citing worries about the global economy.*
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Brazil is preparing a range of additional measures to stem the damaging rise of the real as the global currency war shows no signs of ending, according to Guido Mantega, the country’s finance minister, reported the FT.
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The Brazilian real closed Monday at its highest level in 12 years against the dollar, and a look at the Brazilian economy suggests the good times are far from over.
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France's Casino warned archrival Carrefour on Monday that a merger of its Brazil unit and the country's biggest retailer, Grupo Pao de Acucar, could not go ahead without its consent.
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