Two years ago when Northern Rock, a mortgage bank, was teetering on the brink, the financial authorities considered keeping it…
For years, Dubai strove to capture the imagination of the financial world, projecting its young financial centre as a ?global…
Populists and bankers have been at odds since America?s earliest days. Its first two central banks were shuttered in the…
The hunt for the next bubble is well advanced. Gold, which has repeatedly hit record nominal peaks, is a plausible…
At the recent food summit in Rome, President Luiz In?cio Lula da Silva donned a pair of bright-red boxing gloves…
One of the biggest events in the Muslim calendar, Eid al-Adha, is supposed to be a festival of sacrifice. On…
The bad thing for politicians about good news on the economy is that they can no longer avert their eyes…
Like a truck rolling downhill, the rally in risky assets is proving hard to stop. Good economic news causes share…
President Barack Obama, on his first visit to China this week, urged the government to allow its currency to rise.…
Just when you thought an upswing was around the corner it seems that smaller firms have yet to face the…
?I?D LIKE to see us put more risk on the table and actually trade a bit harder.? In these times,…
Statements by Barack Obama on his travels through Asia have lowered expectations that December?s global summit on climate change in…
For years America?s fiscal problems had a surreal quality. No one disputed that an ageing population and health-care inflation could…
Productivity growth is perhaps the single most important gauge of an economy?s health. Nothing matters more for long-term living standards…
The European Union is not the only institution that prefers faceless technocrats to people with star power.
The world?s second-largest economy had surpassed America in gross national product per person according to some measures, and looked on…
Two hundred metric tonnes of gold would occupy a cube of a little more than two metres on a side;…
Accounting has become political. Fair-value rules, which require assets to be marked to market prices, are blamed by some for…
