![[ANALYSIS] China devaluation and its ripple effect on Nigeria](https://nairametrics.com/wp-content/uploads/2015/08/china-devaluation.jpg)
1.Rupee Set for Biggest Weekly Decline Since November on Outflows:
India’s rupee headed for its biggest weekly decline in almost two months as global funds sold the nation’s stocks amid a surge in volatility.
2. Yuan Seen Needing Bigger Depreciation for China to Reap Benefits:
The yuan, which has fallen 5 percent since China’s central bank devalued the currency in August, probably needs to fall an additional 14 percent if the nation’s economy is to see any real benefits.
3. U.K. Trade Deficit Narrows as Imports Decline on Cheaper Oil:
Britain’s trade deficit narrowed marginally in November as the cheapest oil imports since 2009 drove down the cost of overseas goods.
4.Access Bank rallies as shareholders get N5.7b interim dividend:
Access Bank Plc was a major contrarian stock in the negative trading at the Nigerian stock market yesterday as the top-tier commercial bank released its half-year earnings report, showing impressive growths across key fundamentals.
5.The Motorola brand name is being phased out, CNET reports:
Parent company Lenovo is labeling the brand’s mobile products “Moto by Lenovo.”
6. Facebook, Google, and Microsoft have criticised the UK’s proposed spying laws:
Evidence the tech companies submitted to the Joint Committee discussing the Draft Investigatory Powers Bill has just been published.
