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| Breakingviews - Mario Draghi is ill-equipped for currency wars LONDON (Reuters Breakingviews) - It's never good to bring a knife to a gunfight. European Central Bank President Mario Draghi on Thursday took a potshot at the United States for flouting an international agreement to avoid currency manipulation. But he has limited scope to resist a stronger euro.
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| Venezuela's currency plumbs unknown depths The spending power of the bolívar, Venezuela's currency, had collapsed long before then. The Economist's Big Mac Index gives a rough guide to how fast it has fallen. The index is based on the idea of purchasing-power parity (PPP), which says a fair-value exchange rate is one that leaves consumer ...
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| Local currency loan to boost Mongolia's Teso Group The EBRD is providing Mongolian food producer Teso Group with a local currency loan equivalent to US$ 6.5 million to finance the company's expansion.
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