NewsAccording to analysis by Nomura Holdings, seven emerging economies including Sri Lanka are at risk of an exchange-rate crisis. The other countries include South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine. Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. Nomura's research dates back to 1906, when it became the first company in Japan to establish a research department. Damocles refers to the moral parable the Sword of Damocles, an allusion to imminent and ever-present danger

Source: Sunday Times September 10, 2018 11:26 UTC