Sterling is in the dumps as the interminable delay to resolving Brexit is clearly holding back the UK economy. Perhaps the contest to choose a new leader for the ruling Conservative party, which started in earnest on Monday, can provide a change in direction for the currency. After all, the winner will take over as prime minister from the hapless ...

Finance chiefs from the biggest economies rang the alarm over global growth and said they’re prepared to do something about it. Too bad they’ve never been less relevant. Gone are the days when investors used to quake over ministers moving a comma or adding a period in key sentences. If their weekend statement was intended to shore up confidence or ...

Europe wanted a consumer technology giant to rival Silicon Valley. It’s getting one – along with California-style disregard for public investors. When Naspers Ltd. lists its technology investing unit in Amsterdam next month, the new company will have a market capitalisation that’s likely to top $100 billion, a valuation derived entirely from its 31 percent stake in Tencent Holdings Ltd. ...