Asset managers face “tough industry conditions with flows difficult to come by and fees under pressure,” says Standard Life Aberdeen Plc Chief Executive Officer Keith Skeoch. He’s not wrong; but competitors are weathering the ongoing storm far, far better than his firm is this year. SLA’s performance this year is dismal, with its shares languishing at their lowest level since ...

It looks as if the Trump administration didn’t want to be accused of ruining Christmas. The US Trade Representative’s office said that it would delay until December 15 the imposition of tariffs on certain goods coming to the US from China. The government said products such as cellphones, laptops, as well as some toys, clothes and shoes would be spared ...

Bloomberg Germany’s economy shrank in the second quarter, ramping up pressure on Chancellor Angela Merkel to unleash fiscal stimulus as manufacturers reel from a US-China trade war. The latest report, paired with a protracted slump in business expectations, raises the risk that Europe’s largest economy is on the verge of falling into a recession. It would be the first in ...