Investors at home and abroad are piling into American government debt
25 January 2020, 12:00 am
Fiscal profligacy can continue for now, but is it economically sensible?
Despite a truce, US-EU trade relations are still tense
25 January 2020, 12:00 am
Posturing at Davos aside, little of substance has changed
The costs of America’s lurch towards managed trade
25 January 2020, 12:00 am
China’s vow to buy more American goods carries the risk of waste and distortion
Competition, sanctions and the new geopolitics of Russian gas
23 January 2020, 3:56 pm
Rising Russian supply puts Europe’s energy policy to the test
Is low economic growth a sign of success?
23 January 2020, 3:56 pm
Yes, says Dietrich Vollrath, an economics professor, in a new book
Airbus will help airlines hedge volatile ticket prices
23 January 2020, 3:56 pm
But will airlines and travel groups get on board?
Why are rhodium prices on a roll?
23 January 2020, 3:56 pm
They have risen 63% so far this year
Why it can make sense to pay exorbitant asset-management fees
23 January 2020, 3:56 pm
There is a case for paying more if it truly diversifies your portfolio
India’s economy risks swapping stagnation for stagflation
23 January 2020, 12:00 am
Inflation is not only an onion phenomenon
Economists explore the consequences of steering technological progress
16 January 2020, 4:35 pm
Global warming and AI raise questions about how to manage innovation
Emerging economies are experiencing a prolonged productivity slowdown
16 January 2020, 4:35 pm
They seem doomed to lag behind rich countries for longer than had been hoped
Oil markets shrug off tension in the Middle East
16 January 2020, 4:35 pm
After a brief jump to over $70 a barrel, the price of Brent crude has subsided again
What the semiconductor industry tells us about the world economy
16 January 2020, 4:35 pm
Blessed are the chipmakers
The new US-China trade deal marks an uneasy truce
16 January 2020, 12:00 am
A truly grand pact remains some way off
BlackRock says it wants to do more for the climate
16 January 2020, 12:00 am
The proof will be in its investment and shareholder-voting strategies
Demography could be yet another force for divergence within the EU
11 January 2020, 12:00 am
It could worsen north-south and east-west divides
Economists are discussing their lack of diversity
9 January 2020, 3:49 pm
But efforts to improve have stalled before
Why price controls are so uncontrollably persistent
9 January 2020, 3:49 pm
New data from the World Bank show how much governments meddle in price-setting
Economists grapple with rising American mortality
9 January 2020, 3:49 pm
Understanding “deaths of despair” will require fresh thinking
The killing of Qassem Suleimani sends gold to a seven-year high
9 January 2020, 3:49 pm
But the precious metal had already been on a long rally
Jeremy Grantham on divesting from Big Oil
9 January 2020, 3:49 pm
A contrarian investor on the hazards of owning fossil-fuel stocks
New research suggests that secular stagnation is centuries old
9 January 2020, 3:49 pm
Central bankers’ biggest problem may be ancient—and getting worse
Why so many of America’s financial elite have left Greenwich
9 January 2020, 3:49 pm
Higher state taxes and hedge funds’ fading fortunes have taken their toll
China’s industrial policy has worked better than critics think
2 January 2020, 3:50 pm
But the state-led model is creaking
Trade negotiators have missed a deadline to help protect fish stocks
2 January 2020, 3:50 pm
Government subsidies support overfishing, but are hard to get rid of
The causes of a booming stockmarket are unlikely to last through 2020
2 January 2020, 3:50 pm
Global growth, a trade deal and lower rates have added oomph to shares
Grab and Singtel will bid for a digital-banking licence in Singapore
2 January 2020, 3:50 pm
A ride-hailing firm and a telecoms group take on South-East Asia’s banks
Why the most important hedge is against unexpected inflation
2 January 2020, 3:50 pm
High asset prices stem from low inflation and interest rates
A study suggests that higher minimum wages hit poorer bosses’ pockets
2 January 2020, 3:50 pm
Wage floors are still progressive, but can have unintended consequences
2019 in review: trade wars and tech battles
25 December 2019, 12:00 am
Politics and technological disruption fray the economic order
How US-China trade has changed
18 December 2019, 3:51 pm
A year of disruption in charts
The coming months will test OPEC’s sprawling alliance
18 December 2019, 3:51 pm
December brings both good news and big questions for oil markets
Wealth managers are promising business-class service for the masses
18 December 2019, 3:51 pm
Banks, brokers and tech buffs vie to look after common people’s $72trn stash of cash
The ceasefire in the trade war between America and China is fragile
18 December 2019, 3:51 pm
New American tariffs have been cancelled in a “phase one” trade deal
Despite the Fed’s efforts, the repo market risks more turbulence
18 December 2019, 3:51 pm
A challenge awaits the central bank on December 31st
America and China reach a “phase one” trade deal
14 December 2019, 12:00 am
Details are scanty, but new American tariffs due this weekend are cancelled
Central bankers debate tackling climate change
14 December 2019, 12:00 am
Christine Lagarde thinks it is mission-critical. Others think it is mission creep
America wants the World Bank to stop making loans to China
12 December 2019, 3:53 pm
It left deep poverty behind long ago. But the loans make the bank a tidy profit
A Nordic pioneer of negative interest rates gets cold feet
12 December 2019, 3:53 pm
Sweden’s central bank has come under fire for weakening the krona
Trade war? China’s exporters have expanded their global market share
12 December 2019, 3:53 pm
As America raises its walls, Chinese companies find new terrain
Are anti-competitive firms killing American innovation?
12 December 2019, 3:53 pm
Thomas Philippon’s “The Great Reversal” spies in tech giants a risk to economic dynamism
The revised USMCA pleases both Democrats and Donald Trump
12 December 2019, 3:53 pm
On this trade deal, their interests are aligned
Why are people attracted to 50:50 probabilities?
12 December 2019, 3:53 pm
A working paper suggests that ambiguous odds are often interpreted as even
Why it is hard for foreign investors to be bullish on South Africa
12 December 2019, 3:53 pm
Mandela’s memory still evokes respect. But managing money involves a cold-eyed calculus
Why the revised USMCA pleases both Democrats and Donald Trump
11 December 2019, 5:00 am
On this trade deal, their interests are aligned
Climate change has made ESG a force in investing
7 December 2019, 12:00 am
But the figures behind ESG rating systems are dismal
Japan’s economic troubles offer a glimpse of a sobering future
5 December 2019, 4:16 pm
As other rich countries age, their economies too will suffer from sluggish demand
For 15 years two currencies have outperformed all others
5 December 2019, 4:16 pm
What accounts for the consistent strength of the baht and the shekel?
The Trump administration’s trade policies clash with each other
5 December 2019, 4:16 pm
The president’s tariffs-by-tweet contrast with his officials’ deliberate moves
Tax our tech and we’ll blacklist your bubbly
5 December 2019, 4:16 pm
Tariff threats move from trade to tax
Myanmar admits foreign life insurers
5 December 2019, 4:16 pm
AIA, Chubb and others hope for rich pickings in South-East Asia’s most populous mainland country
Splits in Italy threaten to derail euro-zone reforms
5 December 2019, 4:16 pm
Politicians are quarrelling over reforms to the zone’s bail-out fund
Created to democratise credit, P2P lenders are going after big money
5 December 2019, 4:16 pm
But rising red tape and competition could see them stumble
The perils and rewards of economies in rehab
5 December 2019, 4:16 pm
Why investors in serial recidivists like Pakistan keep coming back for more
UniCredit promises cash for shareholders—and no takeovers
3 December 2019, 12:00 am
European banking’s long, slow grind is set to continue
Do not write off the macro hedge-fund manager just yet
28 November 2019, 3:43 pm
Investors schooled in calmer markets will struggle when volatility returns
It’s the end of the World Trade Organisation as we know it
28 November 2019, 3:43 pm
And America feels fine
Bond defaults have soared in China
28 November 2019, 3:43 pm
But officials and some investors see it as a sign of a healthier market
Charles Schwab agrees to buy TD Ameritrade for $26bn
28 November 2019, 3:43 pm
As technology squeezes margins, America’s discount brokers bulk up
Does the economy affect elections any more?
28 November 2019, 12:00 am
Robots may have swung the 2016 presidential election in America
Charles Schwab agrees to buy TD Ameritrade for $26bn
25 November 2019, 12:00 am
As technology squeezes margins, America’s biggest discount brokers bulk up
Firms that analyse climate risks are the latest hot property
23 November 2019, 12:00 am
The prospect of regulation means companies are seeking to prepare
This year’s Nobel prizes prompt soul-searching among economists
21 November 2019, 3:55 pm
The rise of randomised controlled trials looks to some like a retreat from the biggest questions
Pope Francis promised to clean up the Vatican’s murky finances
21 November 2019, 3:55 pm
But the Holy See is struggling to follow the path of the righteous
How machine learning is revolutionising market intelligence
21 November 2019, 3:55 pm
The business of gathering market-sensitive information is ripe for automation
Excess Asian savings are weighing on global interest rates
21 November 2019, 3:55 pm
But Asian officials argue that criticism of their current-account surpluses misses the mark
Why currency traders are serene even as Western politics gets messy
21 November 2019, 3:55 pm
Implied euro-dollar volatility is trading at its lowest since 1999
What next for Europe’s banking union?
21 November 2019, 3:55 pm
Germany’s acceptance of one reform reignites a row over another
Big Tech takes aim at the low-profit retail-banking industry
21 November 2019, 12:00 am
Silicon Valley giants are after your data, not your money
Cost-benefit analyses offend against the notion that life is priceless
16 November 2019, 12:00 am
Their Gradgrindian logic is off-putting, but also mind-opening
The case for a falling dollar
14 November 2019, 4:01 pm
Why the dollar’s ascendancy is looking tired
The improved mood in financial markets
14 November 2019, 4:01 pm
Investors are shunning safe assets in favour of risky ones
America’s public-sector pension schemes are trillions of dollars short
14 November 2019, 4:01 pm
Police officers, teachers and other public workers face a brutal reckoning
Tighter production targets have failed to lift the price of oil
14 November 2019, 4:01 pm
Demand has risen more slowly than at any time since the financial crisis
Some Chinese firms turn out to have lied about their state pedigree
14 November 2019, 4:01 pm
Being owned by the government goes down well when you are looking for a loan
The Trump administration is trying to reforge carmakers’ supply chains
14 November 2019, 4:01 pm
So far to little effect
How Jim Simons became the most successful investor of all time
14 November 2019, 4:01 pm
Renaissance Technologies’ flagship fund has earned $100bn in trading profits
Stiff sentences for bank fraud capture Italy’s sour public mood
14 November 2019, 4:01 pm
Populist politicians think widespread anger at bankers plays in their favour
Distressed debt funds are waiting for a downturn
7 November 2019, 4:08 pm
The economic expansion and low interest rates starve them of deals
What is the illiquidity premium?
7 November 2019, 4:08 pm
A primer on the rewards and hazards of investing in hard-to-trade assets
China tries to squeeze more out of a small trade deal with America
7 November 2019, 4:08 pm
China wants to see American tariff cuts as a show of good faith
Have billionaires accumulated their wealth illegitimately?
7 November 2019, 4:08 pm
The economics of billionaires
Mexico’s radical president serves up economic mediocrity
7 November 2019, 4:08 pm
AMLO’s first year in office has lacked the growth he needs
Litigation finance faces ethical quandaries
7 November 2019, 4:08 pm
Critics fret about conflicts of interest
Financial crime through video games is on the rise
7 November 2019, 4:08 pm
The creators of Counter-Strike says criminals have used it
Belligerent unions are a sign of economic health
7 November 2019, 4:08 pm
Strikes are neither a bad omen nor entirely unwelcome
Revisiting the euro’s north-south rift
7 November 2019, 4:08 pm
Income gaps remain, but cross-border flows are more balanced
A scholar of inequality ponders the future of capitalism
2 November 2019, 12:00 am
Branko Milanovic’s new book asks whether it is liberal or illiberal
Inflation in Turkey has fallen steeply
2 November 2019, 12:00 am
But the economy remains vulnerable to external shocks
Why the repo market went awry…
2 November 2019, 12:00 am
…and how the Fed should fix it
America and China are sparring over subsidies
31 October 2019, 4:02 pm
They are chasing the wrong solutions
China’s median age will soon overtake America’s
31 October 2019, 4:02 pm
Demography may be the Chinese economy’s biggest challenge
As profits dwindle, HSBC plans a radical overhaul
31 October 2019, 4:02 pm
Europe’s largest bank has been hit by the trade war and Brexit; but its woes point to deeper problems
Capital is flooding into Silicon Valley
31 October 2019, 4:02 pm
The wellspring of new businesses meets too much money
As profits dwindle, HSBC plans a radical overhaul
28 October 2019, 12:00 am
Europe’s largest bank has been hit by the trade wars and Brexit; but its woes point to deeper problems
The deep appeal of emerging markets is their lack of surface appeal
26 October 2019, 1:00 am
They are less at risk of a surfeit of sellers over buyers
The remarkable influence of the World Bank’s business rankings
26 October 2019, 1:00 am
The leaders of China, India and Saudi Arabia all pay it attention
What kind of bank will Wells Fargo be?
26 October 2019, 1:00 am
Other big lenders have already adopted new personalities
Japan’s new investment rules risk scaring off foreign investors
26 October 2019, 1:00 am
Analysts suspect activist investors may be their real target
Germans have mixed feelings about Christine Lagarde
26 October 2019, 1:00 am
Some had hoped Mario Draghi would be replaced by a German
