The gloves are off now. All UBS said was:
But that’s the end of a big bond deal with China Railway Construction Corporation because, well, just because. Via the FT:
… cultural sensitivity is important for any multinational. But it is an absurdity to translate an innocent English phrase in a certain way and then take offence at it. Mr Donovan’s original remark was merely a factual explanation of what has caused inflation — swine flu — followed by a droll aside that inflation more generally was not a problem and therefore that only pigs, because of the risk of flu, need worry. The explanation rather kills the witticism.
