China’s foreign debt has been rising rapidly, and that’s becoming an increasingly big problem — for the country and, potentially, the world. Officially, China lists its outstanding external debt at $1.9 trillion. For a $13 trillion economy, that’s not a major amount. But focusing on the headline number significantly understates the underlying risks. Short-term debt accounted for 62 percent of ...

The sharp appreciation of the yen in the twilight zone between US and Asia trading days isn’t just an overreaction to poor results from Apple Inc. in thin trading (Japan doesn’t return from its New Year holiday until January 4.) It is a portent of the struggles ahead for the country’s central bank in 2019. It’s going to be harder ...

High low dressing – mixing designer pieces with bargain finds – has become a fashion staple. The trend is also playing out across the British high street. On Monday, luxury department store Selfridges, and value retailers Aldi UK and Dunelm Group Plc all posted strong Christmas performances. Aldi said it generated sales of almost 1 billion pounds ($1.3 billion) for ...