It’s been a year since a sudden, 1.9 percent decline in the Chinese yuan rattled global markets and prompted fears of a global currency war. China has mostly soothed nerves by moderating the renminbi’s swoon since then. But what should really put minds to rest is the knowledge that no one — not even China, which arguably did power …

  Financial markets are no longer just a barometer. Now they can cause storms. We can see two reasons that this happened: Active investors switched to autopilot, and economic regulators became followers rather than leaders. We can also see two outcomes: perverting the function of markets and creating new uncertainties in the economy. The decision by investors to shift from …

  It’s going to be two months since the June 23 EU referendum and the mounting impact of a plunging pound. A recent report says that the prices of goods – from cars and computers to some foods and property – are increasing. And it is the consumers who are bearing the brunt of the rising costs. The apparent fear …