Equity markets haven’t yet managed to shake off their difficulties. If this selloff persists, credit looks like it could well be the next frontier for trouble. You can’t have falling stocks and tightening credit spreads — it doesn’t make sense to have risk-off sentiment prevail in an incredibly liquid market alongside a risk-on approach in an illiquid one. Arguably it ...

Rarely has a round of wage negotiations been watched so closely as the recent dispute involving Germany’s IG Metall labor union. The agreement reached in Baden-Wuerttemberg with the Suedwestmetall employer’s federation, including a 4.3 percent raise from April and the right to a 28-hour working week, is a further sign that wage pressures are finally returning to the euro zone. ...

Sometimes it feels like, wherever I go in the world, local businessmen have a story to tell me about one of their peers who has lost big money in India. This week, I have a story to tell them in return — one that may make everyone feel a bit better. These hard-luck stories are particularly common in the sort ...