In the space of just two years, the euro zone has gone from the world economy’s hero to zero. In 2017, the bloc expanded at the fastest rate in a decade, as it benefited from a combination of booming global trade and ultra-easy monetary policy. Now, the currency union has become the prime concern for those who worry about a ...

HSBC Holdings Plc is making a promise: Cost control is coming without layoffs. The pledge — laid out by Chief Executive Officer John Flint — may seem like wishful thinking, given the lengthening list of challenges to the bank’s revenue growth. For investors, it means HSBC will have to gin up growth faster than last year’s 5 percent gain, slow ...

What happened to Europe’s high-yield bond market? It has been a banner year so far for bond issuance for investment grade companies and governments. But for those with weaker credit ratings, sales are about 60 percent down from the same time last year. This is a worrying sign that financing is shutting off for the borrowers that are most vulnerable ...