President Donald Trump invoked ‘America first’ by pulling the US out of the Paris climate accord, promising to revive the coal industry and repeatedly tweeting himself as the author of the 105-month-old bull market. The nation’s top money manager of 2017 took the opposite path to becoming No. 1 and says it’s better to be lucky than smart. He embraced ...

Bitcoin has had a terrific year overall, thanks to a small but dedicated set of believers in the disruptive power of cryptocurrencies who have also enabled many other individual investors to participate in the eye-popping phenomenon. Yet after bitcoin’s value fell by more than a third in just a few days last week, and as exchanges struggle to cope with ...

Timing is everything. Hobbled by an aging population and negligible interest rates, Japan’s Mitsubishi UFJ Financial Group Inc. is keen for growth and sees overseas expansion, particularly in Southeast Asia and the US, as key. In its moves to acquire 73.8 percent of PT Bank Danamon Indonesia, it may just succeed where DBS Group Holdings Ltd. failed. Indonesia now is ...

The world’s central banks recently signed off on the Basel III rules for bank capital. The new system, years in the making, is a step forward: It will make banks stronger and safer. But there are several loose ends. One of the most important concerns the treatment of sovereign bonds on banks’ balance sheets. Banks that hold large, concentrated portfolios ...

With 2017 mostly said and done, it’s instructive to put the bond market in perspective so we know what to reasonably expect in 2018. Recall that at the start of the year there was no shortage of calls for the yield on the benchmark 10-year US Treasury note to soar to 3 percent — or even 4 percent — by ...

Apple Inc. says it’s more resilient than a typical hardware company. This is more hype than reality, but I can’t ignore the potential upside if Apple is serious about web video, digital music, and its other internet-centric software. Technology watchers know that Apple has been stressing how many people who own iPhones, Macs and iPads are also buying from its ...

The onset of a new year brings plenty of predictions, and so I will hazard one: Many of the biggest events of 2018 will be bound together by a common theme, namely the collision of the virtual internet with the real ‘flesh and blood’ world. This integration is likely to steer our daily lives, our economy, and maybe even politics ...

The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs. The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, compares with an almost 20 percent incre-ase for both the ...

Bloomberg Following the dollar’s worst year in more than a decade, foreign-exchange strategists see few signs of optimism for the US currency in 2018. Yet they remain divided as to which of its major peers to be bullish on. While most say monetary policy is set to drive FX movements in the months ahead, just how that translates into market ...

DUBAI / WAM Dr Hanif Hassan Al Qasim, Chairman of the Geneva Centre for Human Rights Advancement and Global Dialogue, has said that the UAE’s international success in occupying the first position as the world’s largest foreign aid donor in 2016, according to the Organisation of Economic Cooperation and Development (OECD) is a practical realisation of the vision of an ...