Recent Posts

The world better get used to negative rates

Today, around $10 trillion of bonds are trading at negative yields, mainly in Europe and Japan. In the next recession, US interest rates, too, may enter negative territory: Short-term rates are currently running around 2.5 percent, and cuts of between 3 percent and 5 percent are commonly needed to restart economic activity. In markets where rates are even lower or ...

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The automobile industry is overdue some mega-mergers

Love is in the air again among the world’s automotive manufacturers. The alliance of Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. aims to restart merger talks in 12 months before moving on to a takeover of Fiat Chrysler Automobiles NV, the Financial Times reported last week. Peugeot-owner PSA Group is also looking to build a partnership with Fiat ...

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Thai impasse may send a wave of baht across Asia

More than a week after Thailand’s first election in eight years, there’s still little clarity about the nation’s political future. The more frustrating that stalemate becomes, the bigger the incentive for Bangkok businesses to venture overseas. The March 24 polls, it seems, have solved nothing. If holding elections under a new constitution was supposed to lift politics from the streets ...

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