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China’s SUV makers steer towards trouble

Unlike their American peers’ unceasing love for gas guzzlers, Chinese consumers are getting over them. The country’s carmakers should recalibrate. Auto stocks have been the worst-performing sector in China as sales slide and foreign carmakers stake claims to a bigger share of the world’s largest market. Earnings last week didn’t give investors too much to bet on. Sales of Chinese ...

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Prediction markets look smarter than peer review

When they’re asked to make bets, social scientists have a surprising knack for predicting which of their colleagues’ papers are full of baloney. This is in contrast to the notoriously bad job social scientists have apparently been doing evaluating papers through traditional peer review. In a series of attempts to test the health of the field, a high proportion of ...

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Bank Indonesia to beef up tools in battle to save rupiah

Bloomberg Indonesia’s central bank is intensifying its fight to protect the nation’s currency and bonds with a slew of measures that includes more hedging tools. Bank Indonesia plans to soon introduce overnight index swaps and interest-rate swaps to widen its pool of hedging tools for investors, exporters and banks. The central bank will also start offering a one-month tenor foreign-exchange ...

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