On Wednesday, Britain’s finance minister Philip Hammond cut UK’s economic growth forecast for next year from 2.2% to 1.4%. The announcement came exactly five months after the June 23 referendum and rattled businesses in London. The UK economy has been in a tailspin as there continues to be ambiguity over the Brexit process. Even though British Prime Minister Theresa …

  Here’s a suggestion for what should be among President Donald Trump’s priorities in Asia: Negotiate a free-trade agreement with China. You may think I’ve lost my mind. Hasn’t trade with China cost jobs and weakened U.S. industry, as Trump relentlessly argued during his campaign? Wouldn’t a free-trade pact only make matters worse? And isn’t the U.S. trade deficit with …

  Financial markets have been optimistic since the election of Donald J. Trump in the U.S., in part because investors assume that the incoming administration will pass some sort of business-friendly tax reform. But some of those reforms could hit investors in unexpected ways. One plank of Trump’s business-friendly tax reform, which Hillary Clinton proposed as well, entails giving multinational …