Wirecard AG has strongly denied fraud allegations reported by the Financial Times last week. But that hasn’t stopped about $5.7 billion being wiped from the German fintech darling’s market value in a matter of days. Even if the allegations are as unfounded as the company says, there are valid questions about whether the payments processing specialist justifies its generous valuation. ...

Federal Reserve Chair Jerome Powell is an experienced central banker and won’t be surprised at the rough reception he’s been getting lately from analysts and commentators. This kind of treatment is traditional, almost mandatory, for a recently appointed Fed chief. Nonetheless, it shows he’ll have his work cut out in nudging the Fed towards the approach to monetary policy he ...

The Chinese economy is sputtering, deflation looms and businesses are downbeat. Trade tensions with the US portend an even scarier growth outlook. The Federal Reserve, too, has given China more room to ease. So where are the outright rate cuts? Beijing has pulled out many other weapons from its vast arsenal. Most recently it introduced a new tool that extends ...