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Thai baht is brought back to earth after winning year in Asia

Bloomberg The Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January. Finishing in the middle of the pack may be the best that can be expected this year as the central bank and a host of other forces line up against it. The currency’s 9% surge in the 12 months through December was ...

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Changing weather to push Rwanda inflation: Central bank

Bloomberg Changing weather patterns are pushing up food prices and will drive inflation in Rwanda for the first few months of this year, central bank Governor John Rwangombwa said. Unexpectedly heavy rains in the second half of 2019 caused some crop damage and food inflation reached 23.8% in December, the highest in almost three years. “Because of the bad rains ...

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Air India’s bidders must absorb $3.3b debt to buy carrier

Bloomberg India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier. Expressions of interest are invited by March 17, according to preliminary terms published on Monday. The entire company will be ...

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