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Read More: Currency Stress Hits India: Rupee Near Record Low, Emerging Nations Face Capital Flight; Global Currency Crisis Awaits
Original post: Million Engineers Struggling to Find a Job
Taken from: How Currency Wars End: Violence Erupts in Brazil, Fatalities Reported; One Million Protest
Taken from: 800,000 Protest in Brazil Over a 10-Cent Hike in Fares and the High Cost of Staging the World…
See the original article here: China Cash Crunch: 1-Day Interest Rate Spikes to Record High 25%
Continued here: China Manufacturing PMI Hits Nine-Month Low as Output and New Orders Decline
The Financial Times reports Brazil declares new ‘currency war’ Brazil has declared a fresh “currency war†on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country’s struggling manufacturers. Guido Mantega, the finance minister who was the first to use the controversial term in 2010, said the government would not “sit by passively†as developed nations continue to pursue expansionary monetary policies at the expense of Brazil.“When the real appreciates, it reduces our competitiveness
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