To have a recession or not — that is the question. It also encompassed last week’s most important political news, notwithstanding all the public attention understandably focussed on the mass shootings in El Paso and Dayton. There is growing evidence of a possible recession. If one materialises, President Trump could lose his most powerful argument for reelection: a strong economy. ...

Singapore just gave a verdict on who’s winning the trade war. The answer is few countries, if any, in Asia. The deep cut in the trade-reliant economy’s growth forecast was disappointing, albeit not startling. There may be no expansion at all. Growth is likely to be between zero and 1 percent this year, compared with a previous projection of 1.5 ...

Asset managers face “tough industry conditions with flows difficult to come by and fees under pressure,” says Standard Life Aberdeen Plc Chief Executive Officer Keith Skeoch. He’s not wrong; but competitors are weathering the ongoing storm far, far better than his firm is this year. SLA’s performance this year is dismal, with its shares languishing at their lowest level since ...