So China would like a bit of foreign expertise after all. In a surprise move, and timed with US President Donald Trump’s state visit, China said it would scrap foreign ownership limits for banks and asset management firms. Asia’s biggest economy has been talking about opening its banking industry for a while now. Foreigners are already movers and shakers in ...

How should we think about new and future technologies? The two main stances seem to be extreme optimism and extreme pessimism. A better approach would be careful planning and management. Optimists like to point out that technology has been the greatest force for human welfare in the history of the species. They’re right. Before the Industrial Revolution, societies like the ...

Bloomberg US stocks fluctuated as a global risk-off tone pushed Treasuries and the dollar higher. The pound weakened amid renewed political pressure on UK PM Theresa May. The S&P 500 Index was mixed as consumer shares pulled the measure up from its session lows. Sovereign bonds advanced, led by British gilts. The sterling slid against all G-10 peers after a ...