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The threat from Italy

If you’re nostalgic for the 2008-09 financial crisis, you can cheer up. Another debacle may be on its way. Its epicenter would be Italy, which may threaten the rest of the world economy. Under the worst-case assumptions, Italy could abandon the euro — the single currency now used by 19 countries — and experience a full-blown financial meltdown that would ...

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Trump is making trade less fair

From the beginning of Donald Trump’s presidential campaign, he has said he wants to make trade “fair.” For too long, he argued, American companies and workers suffered as trading partners used tactics that stole jobs, damaged US industry and widened deficits. The implication was that he’d work to strip away the remaining tariffs and other hurdles that tilted the playing ...

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Samsonite is looking like a tempting target for shorts

However you regard the veracity of a short-seller’s allegations against Samsonite International SA, one thing is certain: Targeting a Massachusetts-based firm with a wide shareholder base seems to be a much a safer bet than going after the hordes of opaque Chinese companies in Hong Kong. The baggage company, whose hard-shell suitcases recall the glory days of flying, has become ...

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