Trial of strength

Twenty-five years ago this week, the finance ministers of America, Japan, Britain, France and West Germany met at a swanky…

No love lost

Speculation that Barack Obama will appoint a businessman to a senior job in his administration reached fever pitch this week,…

Busily going nowhere

If you are the sort of person who does not pay much attention to the daily gyrations of the stockmarket,…

A Mao in every pocket

China likes to cover large distances in small steps. Last month it said that a few lucky foreign banks, including…

Another nose in the trough

AIRBUS, Europe?s aircraft-making champion, has long had its nose in the subsidy trough. This week the World Trade Organisation ruled…

Are we there yet?

?Whither goest thou, America?? That question, posed by Jack Kerouac on behalf of the Beat generation half a century ago,…

EMBA: a costly lesson

It Started with a little-reported court judgement in an American backwater. In 2007 Ruth Creps, a resident of Idaho, was…

Basel’s buttress

Deutsche Bank?s proposal on September 12th to raise euro 9.8 billion in capital might have been expected to spook stockmarkets.…

Another paradox of thrift

John Bull can stand many things but he cannot stand 2%.? That aphorism, quoted by Walter Bagehot, a 19th-century editor…

Someone will pay

America’s mid-term elections are turning into a referendum on the role of the state, and George Bush junior?s tax cuts…

The will to power

Henry Kissinger was guilty of understatement when he said that power is the ultimate aphrodisiac. In fact, power is the…

Free thinking

In the run-up to the climate-change conference in Copenhagen last year, a curvy graph was passed around by policymakers and…

Schools of hard knocks

?Egregious, outrageous, violated everything we stand for?: Don Graham?s denunciation of recent activities by some employees of his own firm…

Automatic reaction

An Oddly entrancing YouTube video of a robot folding a pile of freshly laundered towels has been viewed over half…

The cycle lane

The financial world seems to be obsessed with the short term. Fund managers are usually judged on their performance over…

Jewel gets crown

John Varley, the departing chief executive of Barclays, says his priority when he took over in 2004 was to end…

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Market Data