Multinational companies grab opportunities to borrow at bargain rates
By Lei Xuan If you think the depreciation of foreign currencies against the dollar will harm U.S. multinational companies, stop worrying. U.S. firms are grabbing at the opportunity to raise funds at an extremely low cost. In the first three months of 2015, more than 20 central banks all over the world either cut interest rates […]
Sorry exporters, a strong dollar is golden in U.S.
By Lei Xuan “The world is in a currency war,” says A. Gary Shilling, president of the New Jersey-based consultants A. Gary Shilling & Co. His reasoning is simple and global: “Many central banks are chopping interest rates to push their currencies down. They all hope to spur exports to offset internal weakness.” A moderate […]