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Global finance chiefs rang the alarm, but nobody really cares

Finance chiefs from the biggest economies rang the alarm over global growth and said they’re prepared to do something about it. Too bad they’ve never been less relevant. Gone are the days when investors used to quake over ministers moving a comma or adding a period in key sentences. If their weekend statement was intended to shore up confidence or ...

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Naspers is 100 times more outrageous than Facebook

Europe wanted a consumer technology giant to rival Silicon Valley. It’s getting one – along with California-style disregard for public investors. When Naspers Ltd. lists its technology investing unit in Amsterdam next month, the new company will have a market capitalisation that’s likely to top $100 billion, a valuation derived entirely from its 31 percent stake in Tencent Holdings Ltd. ...

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Trump renews Fed attack, says euro is devalued against dollar

Bloomberg US President Donald Trump slammed the Federal Reserve for high interest rates in a tweet, complaining the euro and other currencies were “devalued” against the dollar. “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the US central bank a week before it ...

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