Nomura Holdings Inc. may be ruing its international presence right now. It shouldn’t. Low volatility — the bane of global investment banks — caused a slump in fixed-income trading in the three months through September, driving Japan’s biggest brokerage to its first profit decline in five quarters. Net income slid 15 percent to 51.9 billion yen ($457 million), with huge ...

Sharp Corp. shares are up 33 percent since January, and that’s on top of their 116 percent gain last year after Foxconn Technology Group took control. That’s great for investors; not so much for sell-side analysts. They’ve remained stubbornly bearish on the Japanese liquid crystal display maker, so much so that if you had followed the recommendations of all but ...

Responding to revelations of the Trump administration’s luxe travel habits, which have already cost one cabinet secretary his job, the House government oversight committee has opened an investigation. That scrutiny should apply to members of Congress and their staffs as well. By its own accounting, Congress spent 27 percent more on foreign trips last year than it did in 2015. ...

A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some of the world’s best known companies from Amazon.com Inc. to Volkswagen AG are ramping up spending on new plants and equipment after years of caution. For an international economic expansion already gathering speed, that could prove a ...

After months of wrangling, the Italian parliament has finally passed a new electoral law. The new rules will make it much harder for the anti-establishment Five Star Movement to come to power. They will not, however, give Italy the stability it needs to escape the low-growth trap. The law is a complex combination of first-past-the-post and proportional representation. Any party ...

The recent disclosures that Russians bought ads from Facebook, Google and Twitter to target US voters in 2016 have left lawmakers investigating how to prevent foreign interference in future elections. But there’s another alarming problem that Congress also needs to address: how to prevent domestic and foreign organizations from duping Americans out of information they unwittingly share on social media ...

Bloomberg US stocks erased early gains to trade little changed, while the dollar and Treasuries struggled for direction as investors awaited details of Republican tax cuts and the Federal Reserve’s latest decision. The euro slipped as data showed inflation unexpectedly slowed in the region. Small caps advanced, while the S&P 500 pared a gain as a torrent of decisions with ...

Reuters Saudi Arabia’s stock market fell on Tuesday despite a big rebound by petrochemical company PetroRabigh, while Dubai Investments helped offset losses by real estate-related shares in that market. The Saudi stock index dropped 0.2 percent as PetroRabigh’s gain failed to bolster the petrochemical sector as a whole while banking and insurance stocks weighed heavily on the market. PetroRabigh jumped ...

Bloomberg Goldman Sachs Group Inc. just got more bullish — and hawkish — on India. While the investment bank has for months been an outlier predicting monetary tightening in Asia’s No. 3 economy, it now sees the rate increases coming earlier than investors expect. That’s because the government’s plan to inject a record 2.1 trillion rupees ($32 billion) of fresh ...

Bloomberg The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers. Governor Haruhiko Kuroda and the board voted on Tuesday to maintain the central bank’s yield curve control program and asset purchases, a result predicted by all 43 economists surveyed by Bloomberg. The vote ...