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| Philip Morris: Curious Case Of The Currency Adjustment Philip Morris has experienced an unfavorable currency adjustment in each of the last eleven quarters, even though USD has remained relatively stable. The company's ... This is true for both exporters and importers, but a given change in currency affects each of the two groups in opposite directions.
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| Zimbabwean Central Bank Considers Bitcoin 'Illegal' According to the Reserve Bank of Zimbabwe's Director and Registrar, Norman Mataruka, the use of "Bitcoin … is not actually legal" within the country's jurisdiction. It is not clear, however, if Bitcoin is just not officially recognized as an authorized currency or it is totally prohibited as a legal tender within the ...
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| Junk status means SA will have to pay more to raise money: analysts "This outcome is more positive than if S&P Global and Moody's both downgraded the local currency rating. If both Moody's and S&P downgraded South Africa's local currency debt to junk‚ South African bonds would fall out of the Citigroup's World Government Bond Index (WGBI)‚ causing large ...
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