The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day.
The 1998 World Cup was supposed to be Ronaldo’s crowning glory, but an unexplained seizure shattered Brazil's dreams, and his. Four years later, he returned to the world's biggest stage looking for redemption.
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China sees an increase in domestic costs and a slowdown in overseas demand putting “severe” pressure on its exports next year, a sign that policy makers may have little appetite to allow faster gains in the yuan.
Premier Wen Jiabao’s embrace of higher wages, along with a jump in land and raw-materials prices and a stronger yuan are restraining shipments, the Commerce Ministry said today. While the nation can achieve export gains as long as Europe’s crisis doesn’t deepen, it will need to focus on strengthening links with emerging markets, Wang Shouwen, head of the foreign trade department, said at a briefing in Beijing.