Bloomberg The UK Treasury and Bank of England launched a £40 billion ($46 billion) fund to provide energy traders liquidity to deal with massive margin calls, joining a list of European states taking dramatic action to prevent the energy crisis becoming a “Lehman” moment. The so-called Energy Markets Financing Scheme will provide stability for energy and financial markets, and help ...

  The death of the last Soviet leader Mikhail Gorbachev naturally elicited an outpouring of praise from Western leaders for his role in ending the Cold War. If Gorbachev helped bring freedom to most of the former Soviet bloc, however, the revolution he led arguably led to the opposite outcome in China. Without Gorbachev’s example, the Chinese regime might not ...

When UBS Group AG ditched its biggest acquisition in more than two decades with no explanation, investors and everyone else were left to guess what happened. Wall Street analysts have presumed that $1.4 billion is now just too much to pay for Wealthfront, a US digital investment adviser that won’t make profits for years. Vertigo-inducing fintech valuations have returned rapidly ...