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May’s victory is a vote against no-deal Brexit

Conservative lawmakers in the UK voted on one question, but decided another. Their choice may not make the path for an orderly Brexit any easier, but it may make a disorderly Brexit a little less likely. The ballot presented to 317 Tory members of parliament was straightforward: It asked them whether they had confidence in their party leader, Prime Minister ...

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Analysts see no imminent turnaround for asset class

Bloomberg If Jason Daw is right, some of the world’s biggest investors are setting themselves up for a major disappointment. The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class. He said the modest rally in currencies since September, led by Brazil’s ...

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Bain-backed crypto startup shuts down over securities laws

Bloomberg The worst thing you can call a cryptocurrency project isn’t a “scam” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can mean for the nascent market, look no further ...

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