Japan has a diversified economy not heavily reliant on tourism. But with domestic spending already weak, the hit from a cancellation could ripple through and further depress local purchasing.
Foreign investors offloaded more rand-denominated debt than what they bought last year, as demand for emerging market bonds declined.
Moody’s is the second ratings agency in 2014 to downgrade South Africa and Fitch, analysts warn, could very well do the same next month.
According to Nomura International, platinum companies in South Africa, are at risk of losing thousands of jobs as more mines operate at a loss.
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/ 11 September 2009
For Barclays and Nomura, the collapse of Lehman Brothers was the opportunity of the lifetime — a chance to grab a seat at banking’s top table.