On Wednesday, Britain’s finance minister Philip Hammond cut UK’s economic growth forecast for next year from 2.2% to 1.4%. The announcement came exactly five months after the June 23 referendum and rattled businesses in London. The UK economy has been in a tailspin as there continues to be ambiguity over the Brexit process. Even though British Prime Minister Theresa ...

  Here’s a suggestion for what should be among President Donald Trump’s priorities in Asia: Negotiate a free-trade agreement with China. You may think I’ve lost my mind. Hasn’t trade with China cost jobs and weakened U.S. industry, as Trump relentlessly argued during his campaign? Wouldn’t a free-trade pact only make matters worse? And isn’t the U.S. trade deficit with ...

  Financial markets have been optimistic since the election of Donald J. Trump in the U.S., in part because investors assume that the incoming administration will pass some sort of business-friendly tax reform. But some of those reforms could hit investors in unexpected ways. One plank of Trump’s business-friendly tax reform, which Hillary Clinton proposed as well, entails giving multinational ...