Even a nuclear crisis can’t stop the Brazilian currency from appreciating, it seems.
The devastating events in Japan over the past week had been expected to hit Brazil’s real, given how much money the Japanese have invested in the Latin American country.
The real ranks fourth among the currencies in which Japan has the biggest investment trust holdings, according to HSBC. Top of the list is the U.S. dollar, then the Australian dollar and then the euro – all much more widely traded currencies than the real, and so less vulnerable to sudden bouts of selling. Continue reading »
Indonesia will go ahead with a feasibility study for a nuclear power plant, even as 
Bulgaria’s search for a European strategic partner to help build a new nuclear complex on the Danube river looks tougher than ever following the disaster at Japan’s Fukushima plant.
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