In the years since the 2008-09 financial crisis, cracks have appeared in the global hegemony of neoliberalism. The pressure to favour free markets and reject the social-welfare model has moderated somewhat. In the U.S., President Barack Obama succeeded in installing the first general health-insurance system in the country’s history. Thus Washington has moved closer toward the European welfare state …

  Bloomberg The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution. Since Aug. 1, seven issuers opened order books for their Basel III bond sales in Asian hours, raising $11.9 billion selling instruments that count as capital under …

  Dubai / Reuters Qatar’s central bank is offering 3 billion riyals ($824 million) of government bonds in its second domestic bond sale this year, according to a circular seen by Reuters. The central bank only issued its first domestic bonds this year in August when it sold 4.6 billion riyals of conventional and Islamic government bonds. Bids for the …