I’ve been quite harsh towards Apple Inc. for a long time. Having covered the company for close to 15 years, first as a reporter and now a columnist, I’ve spent much time researching and writing about its supply chain and the myriad problems within. Today, though, it’s time to give credit where it’s due. Two of my major beefs with ...

President Donald Trump has decided that India’s failure to provide “equitable and reasonable” access to its market means it’s no longer eligible to export certain goods duty-free to the US. The 43-year-old US Generalised System of Preferences, the privilege India now loses, is part of a shared commitment by developed countries to promote export-oriented growth in emerging economies. Washington also ...

Bloomberg A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy. Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s (ECB) dovish turn and President Donald Trump predicting a ...

Bloomberg Goldman Sachs Group Inc. was half right about what it expected to happen with a more dovish-sounding Federal Reserve. But that didn’t save its US dollar trade — so it’s trying a different tactic. The firm’s recent recommendation to short the US Dollar Index (DXY) hit its stop — the level at which a trade is halted so losses ...

Bloomberg The policy shift under way at the Federal Reserve will affect new forecasts to be published later this month and also their longer-run strategy. Recent remarks by Chairman Jerome Powell, Vice Chairman Richard Clarida, Governor Lael Brainard and New York Fed President John Williams have all signalled their contentment with letting the policy rate rest at 2.25 percent to ...

Bloomberg Deutsche Bank AG employees learned what bonuses they would receive, with many facing deep cuts and some bankers in New York and London receiving zero payouts, people with knowledge of the decisions said. Many of those who avoided large cuts to their 2018 rewards did so because they had guaranteed payouts, such as recent hires, the people said, asking ...

Bloomberg Hit by a money-laundering scandal involving their biggest banks, Nordic policy makers are stepping up the region’s defenses. Here is a list of actions and proposals made by governments and financial watchdogs across the Nordic countries. DENMARK Denmark has said it wants to implement some of Europe’s toughest anti-money laundering rules. Since the Danske Bank A/S scandal erupted last ...

Bloomberg The Bank of England doesn’t need to rush to raise interest rates until the uncertainty of Brexit lifts, according to policy maker Michael Saunders. In a speech in London, Saunders, considered one of the most hawkish members of the Monetary Policy Committee, said that tame inflation and a slowdown in growth meant officials could adopt a wait-and-see approach as ...

Bloomberg South Africa’s central bank wants to see sustainably lower inflation to ensure cheaper borrowing costs in the economy, Governor Lesetja Kganyago said. “We have indicated that a consistently lower rate in the near term, at the midpoint of our target band — 4.5 percent — would lower long-term interest rates and be more supportive of balance in the economy,” ...

Bloomberg The biggest losers in Airbus SE’s decision to wind down production of its A380 superjumbo may be taxpayers in France, Germany, Spain and the UK, where governments made a big bet on the plane by lending more than 3.3 billion euros ($3.7 billion) to build it. Airbus agreed to reimburse the loans, together with interest, but payments were tied ...