Bloomberg The pound capped losses following a weekend of fruitless Brexit talks on conviction that the UK and the European Union would eventually reach a deal to avoid a chaotic divorce. Sterling was little changed in mid-morning trading in London as people familiar with the matter said there would be no further attempt to resolve the impasse before an EU ...

Bloomberg Activist investor Carl Icahn has come out against Dell Technologies Inc.’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware Inc. The billionaire said he would solicit votes against the deal and potentially propose an alternative transaction allowing investors to cash out if they want. Icahn also disclosed in ...

The staggering tariffs being levied on China will almost certainly test President Donald Trump’s claim that “trade wars are easy to win.” He might be right, but the president doesn’t seem to have contemplated a different question: What happens when trade wars come to an end? When one country imposes tariffs on another, the eventual resolution of the conflict does ...

In recent years, the so-called “Amazon effect” has been used to explain low inflation in developed economies: Prices are supposedly lower – and more transparent – online, forcing offline retailers to reduce prices. The effect, however, can go both ways – the influence of e-commerce makes prices fluctuate more often, reacting immediately to shocks like energy price and exchange rate ...

For its roads, power stations and other useful assets to live, a bankrupt Indian infrastructure lender must die. Infrastructure Leasing & Financial Services Ltd. (IL&FS) was seized by the government this month after unexpected defaults on its $12.5 billion of debt spread panic through money and equity markets. A new six-member board chaired by banker Uday Kotak will have to sort ...

The finance ministers and central bankers from almost 190 countries who gathered in Bali for the annual meetings of the International Monetary Fund and World Bank (IMF) drove, I suspect, the final nail into the coffin of the notion of a synchronized pickup in global growth. In a tone that contrasted with the optimism of their spring meetings in April, ...

Few talked about Northern Ireland during the Brexit referendum. Yet it could now dash Prime Minister Theresa May’s hopes of a deal with the European Union (EU) and threaten 20 years of peace and prosperity in Ireland. A coalition of hardliners within May’s Conservatives and a small party from Northern Ireland that has provided her parliamentary majority since last year’s ...

If there’s an upside to a downturn it’s that short sellers get to make a buck. By borrowing shares, investors can sell what they don’t own. If the price falls, they buy the stock back at a cheaper level and return it to the lender (with interest), pocketing the difference. Assuming the shares fall enough and borrowing costs aren’t too ...

If Sen. Ben Sasse is right — he has not recently been wrong about anything important — the nation’s most-discussed political problem is entangled with the least-understood public health problem. The political problem is furious partisanship. The public health problem is loneliness. Sasse’s new book argues that Americans are richer, more informed and ‘connected’ than ever — and unhappier, more ...

Bloomberg US stocks fell along with the dollar as political tensions added to a growing list of investor concerns. Gold rose and Treasuries edged higher. The S&P 500 Index deepened its decline following its biggest weekly retreat since March as President Donald Trump threatened to impose another round of tariffs on China. European and Asian shares dropped after a weekend ...