Bloomberg Equity investors clamouring for interest-rate cuts in emerging economies are getting a wake-up call: monetary easing is failing to revive growth impaired by the trade war. Any stimulus unlocked by lower interest rates is being outweighed by weaker local currencies because trade tensions between the US and China are boosting the dollar. The underperformance of emerging-market stocks relative to …

Bloomberg With the costliest UK banking scandal fading into memory, a Brexit deal looking more plausible than it once did and trading likely to surprise on the upside, British lenders are going into earnings season with the wind in their sails for once. That doesn’t mean the numbers won’t have ugly spots. Third-quarter results, which kick off this week, are …

Bloomberg The US House passed legislation to strengthen anti-money-laundering rules, moving closer to a victory for Wall Street banks. The bill, HR 2513, which passed 249-173, would make it harder to use anonymous shell companies to break the law. A similar bill in the Senate has yet to get a committee hearing, which would be the next step before a …