Emerging Markets
China's Clothes, Shoe, Toy Makers Shun Low-Wage Inland for Vietnam, India Edward Kang spent 15 years building
textile maker Ever-Glory International into a symbol of China's
world dominance in cheap clothes, shoes and toys. With $70
million in annual sales, the company has won customers
including Levi Strauss & Co. and Tesco Plc.
Venezuelan Bonds Drop Amid Concern on Link Between Chavez, Colombia Rebels Venezuelan bonds fell, sending yields
over U.S. Treasuries to their widest in almost four years, amid
speculation that links between President Hugo Chavez and
guerrillas fighting Colombia's government may be extensive.
Rice Gains for Sixth Day on Increased Demand, Damage From Myanmar Cyclone Rice rose, heading for the biggest
weekly gain since reaching a record last month, as Nigeria and
the Philippines sought to buy more, further straining global
supplies after a cyclone devastated crops in Myanmar.
Latvian Economy Grew 3.6 Percent in First Quarter, Slowest Pace Since 1999 Latvia's economy expanded at the
slowest pace in almost nine years in the first quarter as
accelerating inflation squeezed consumer spending and
manufacturing fell.
Petrobras Seeks Refinery Takeovers to Export Gasoline, Diesel, Not Crude Petroleo Brasileiro SA, Brazil's
state-controlled oil producer, plans to acquire refineries that
may make the company the world's third-largest seller of
gasoline and diesel.
South African Rand Declines Against Dollar Over Past Week as Stocks Slump South Africa's rand dropped against
the dollar this past week as losses in equity markets around the
world sapped investor demand for higher-yielding assets.