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US slow lane’s OK for Japan’s automakers

As US President Donald Trump lobs tariff threats at China, Mexico and Canada, one of the world’s biggest economies has been largely absent from his rhetoric. And yet, Japan stands to bear the brunt of many of them. Unlike its neighbor South Korea, which was exempted, Japan has been struck with levies on steel and aluminum by a Trump executive ...

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Italy’s president Mattarella just undermined the euro

Italian President Sergio Mattarella might think he has taken a principled stand in vetoing euroskeptic Paolo Savona as finance minister, effectively disallowing a government led by the Five Star Movement and the League. But in rejecting the choice of a popularly elected coalition, he may well have set in motion a financial crisis from which it will be hard to ...

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Food companies cash includes artificial fillers

Beware food companies relying on their bookkeeping rather than their cooking to keep investors satisfied. A number of food companies have recently been selling their IOUs to deal with the fact that their customers, namely giant retailers like Walmart Inc., are taking longer to pay. The sales bolster cash flows, but critics contend they can make the giant food companies’ ...

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