Recent Posts

Pressure on May grows as cabinet meets over ‘Brexit’

Bloomberg UK Prime Minister Theresa May is under mounting pressure as she prepares for a crunch meeting this week aimed at ending the war inside her cabinet over Brexit. May, facing criticism from both the pro- and anti-Brexit wings of her ruling Conservative party, is planning talks with ministers at her countryside retreat on July 6 to thrash out an ...

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Trade wars aren’t good, but markets can adjust

Virtually all economists favour free trade. But we differ as to what the costs of trade restrictions might be. The decision of Harley-Davidson Inc. to shift more production overseas to Europe to avoid the impact of new tariffs presents a good opportunity to assess those costs – and the good news is that, so far, the economic costs of a ...

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Deutsche Bank’s quarter to forget

The sun is setting on the second quarter, and not a moment too soon for Deutsche Bank AG. In 90 days, the German lender has replaced its CEO, promised thousands of job cuts, seen its credit rating downgraded, and watched its share price plumb new depths. Flunking the US Federal Reserve’s stress tests was a final humiliation, albeit an expected ...

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