Bloomberg The ruble weakened for a second day as speculation the dollar will strengthen under tighter Federal Reserve policy dimmed its carry-trade appeal and it came under the influence of weaker oil prices. Russia’s currency weakened 0.3 percent to 65.065 against the dollar by 11:54 a.m. in Moscow. The Micex index of major stocks dropped 0.8 percent after closing at ...

  Bloomberg Alarmed by a collapse in private investment in China and a surge in state spending? Calm down, say three analysts, who argue that data problems are exaggerating the trend. Investment numbers this year aren’t completely comparable with 2015 because they include firms that recently migrated from the private to the state sector, says Nicholas Lardy, a senior fellow ...

  Bloomberg Wage growth is the key to escaping deflation and realizing the promise of Abenomics, according to regional economy minister Kozo Yamamoto, a recent appointee to Prime Minister Shinzo Abe’s cabinet. “If you consistently raise wages every year, people will start to consume and invest,” he said in an interview with Bloomberg News on Aug. 26. Yamamoto stressed the ...