Bloomberg A free float of Nigeria’s naira would cause capital flight and a “massive devaluation,” according to central bank Governor Godwin Emefiele. The nation’s current system of multiple exchange rates had produced the “most optimal results when compared with other emerging markets in recent times,” Emefiele told reporters after a meeting of the monetary policy committee (MPC). Emefiele was responding ...

Bloomberg Indian equities — that fluctuated between gains and losses — capped their first advance in three days, boosted by a rally in shares of a private lender after it announced a new chief. The benchmark S&P BSE Sensex climbed 0.2 percent to 36,195.10 at the 3:30 pm close in Mumbai, after swinging at least twelve times between a high ...

Bloomberg There certainly have been worse days at LaGuardia, O’Hare and Miami airports. But on January 25 some of these busy routes came to a brief but abrupt halt — and that may have been among the final pushes that led President Donald Trump, already under pressure, to reopen the government. The White House for weeks had tried to minimise ...