On the first anniversary of Donald Trump’s election win, markets in Asia are behaving like the US president’s rhetoric is just background noise. At first, there were knee-jerk reactions. Japan’s Topix Index slumped 4.6 percent on Nov. 9 as investors digested the news while credit-default swaps protecting Indonesian government debt against default rose 26 basis points that week, the most ...

If soon-to-be CEO Michelle Gass needed any reminder of what a tough job she is stepping into at Kohl’s Corp., the department-store chain’s latest earnings report surely provided one. Kohl’s said its same-store sales rose a meager 0.1 percent compared to a year earlier. The company said its traffic trends continued to improve — but just because footfall is better ...

Ever since the financial crisis we’ve become accustomed to the idea that whatever governments fail to do, central banks can always come to the rescue. If you need a reminder of why this statement is wrong, look no further than the Bank of England (BOE). Much like other monetary authorities in the rich world, the BOE has been the main ...