In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in the Guardian and Jeremy Warner in the Telegraph, earlier that year. In 2015, the Guardian published an article by Joris Luyendijk called ...

Bloomberg HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in ...

Bloomberg A stronger dollar, rising US yields and geopolitical tensions have sent plenty of investors bolting from emerging markets. Then there’s Aberdeen Standard Investments and Goldman Sachs Asset Management. Aberdeen Standard Investments, which oversees about $770 billion, took advantage of the recent selloff to increase its holding in the Russian ruble, South African rand and Indonesian rupiah. Goldman Sachs Group ...