Don’t expect Asia to take many leads from Federal Reserve Chairman Jerome Powell’s signal that further US interest rate cuts are coming. That’s not because the Fed chief’s comments at Jackson Hole weren’t clear, but because Asia is already well on its way towards significant relaxing of monetary policy. India, Malaysia, the Philippines, Australia, Indonesia and South Korea cut rates ...

UK Prime Minister Boris Johnson is barrelling through Europe’s capitals with nothing concrete to say on Brexit beyond an unappealing offer of “new deal or no deal.” With Angela Merkel offering a response so cryptic that Germany was still explaining it a day later, France’s Emmanuel Macron was on hand to clarify: The European Union’s red lines, including upholding the ...

Utilities are, by design, a bit of a snooze. We feel no excitement at the miracle of instantaneous light, television and coffee grinding, expecting these things simply to happen when we want them to — which, virtually all the time, they do. Similarly, investors own utilities for their steady dividends funded by all of us unthinking bill-payers. This mundane arrangement ...