SAO PAULO, Aug 14 (Reuters) – Brazilian homebuilder Cyrela Brazil Realty SA expects to see slightly lower levels of cash generation in the second half of the year as demand in the nation’s real estate market weakens.
It’s been all about China this week. Specifically, the People’s Bank of China’s move to devalue the yuan, which has now declined 3% against the US dollar, against which it remains pegged. This move has led to a lot of hand-wringing about “what it means.” Some have argued that China has just launched the world into a new currency war, while others have argued that this move isn’t really a big deal…
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