Bloomberg Brazil’s real extended its worst week since December and stocks fell as speculation the country’s political crisis will escalate dimmed expectations that Acting President Michel Temer will be able to restore confidence in Latin America’s biggest economy. The real led losses among the world’s major currencies this week after recordings released by newspapers suggested that Temer’s PMDB party ...

  Ironic as it may seem considering his campaign platform, investors have welcomed the eight-point economic agenda of the incoming president of the Philippines, Rodrigo Duterte, in which he vowed to continue and maintain the current macroeconomic policies of the outgoing government. This is, by no means, a marked shift from his campaign promise, “Change is Coming,” under which he ...

Dmitry Filippov SPECIAL TO EMIRATES BUSINESS On May 6, Japanese Prime Minister Shinzo Abe held an informal meeting with Russian President Vladimir Putin in the subtropical Russian city of Sochi. The three-hour talks concluded with both sides agreeing to streamline the negotiation process aimed at resolving their territorial dispute and concluding a peace treaty based on an undisclosed “new concept.” ...