While any global meeting that involves Donald Trump has the capacity to surprise, one thing was virtually certain about the weekend’s G-20 summit in Osaka, Japan: The gathered leaders issued a pious call to work together to shore up growth, trade and the global financial system. The challenge they face is much bigger than that, however. And good intentions aren’t ...

Sellers of euro-denominated corporate bo-nds had their best fund-raising month for three years in June, topping off their best six months since 2012. Some 210 billion euros ($238 billion) in new company debt was snaffled up by investors between January and June, 21 percent higher than the same period last year. Conditions are rarely better than this for company borrowers ...

For the past year and a half, the US Federal Reserve has been paring down the multi-trillion-dollar portfolio of securities it purchased to support the recovery from the 2008 financial crisis. Now, Chairman Jerome Powell has suggested that the Fed might end this “quantitative tightening.” I think that would be a bad idea. When the Fed announced its last monetary-policy ...