Loss of credit insurance has played a part in several UK retail horror stories over the past decade. Investors in Debenhams Plc will be hoping the chain doesn’t follow the familiar narrative. One leading insurer, Euler Hermes, has reduced cover for suppliers, while rivals Atradius and Coface have refused to cover new shipments, the Sunday Times reported. Credit insurance protects ...

Mergers and acquisitions are booming, with 2018 projected to be the first year that global deal volume breaks $5 trillion. But merger arbitrage funds, which attempt profit on perceived market inefficiencies before or after an M&A deal is announced, are not doing well. The last three months for which data are available represent the first time MAFs have lost money ...

UK Prime Minister Theresa May’s new Brexit strategy is collapsing even before the European Union responds. Her plan offered an awkward compromise between a clean break from Europe, which would cause enormous economic disruption, and remaining in the EU, which voters rejected two years ago. Apparently, it’s an offer nobody wants to accept. May’s Conservative Party is bitterly divided between ...