The key to crafting international agreements is making sure that all parties are able to declare victory. That seems to be at the heart of the emerging trade pact between the US and China. Beijing would have until 2025 to meet commitments on commodity purchases and would allow American companies to wholly own Chinese businesses, three people familiar with the ...

The global synchronised economy recovery has turned into a global synchronised economic downturn. The outlook seems to be getting bleaker by the day, and major central banks are hinting that they may need to keep monetary policies loose. The European Central Bank (ECB) has even suggested that it could start buying corporate bonds again. Let’s hope it doesn’t come to ...

Three cheers for Nomura Holdings Inc. At least from its shareholders, not its staff. After three straight quarters of losses, the Japanese investment bank unveiled plans to cut $1 billion in costs from its struggling wholesale business. The measures largely target Europe, though no region, including its home market, is spared completely. Ever since it bought Lehman Brothers Holdings Inc.’s ...