“Know thyself,” goes the Delphic maxim. You might think it superfluous advice for the world’s biggest banks — that the executives responsible for global finance would insist on a complete picture of the risks they’re running. Yet the crash almost a decade ago showed they didn’t know enough. And even now, their investment in self-awareness falls short. When financial markets ...

As President Trump prepared to wrap up his 12-day trip to Asia on November 13, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: ‘the Indo-Pacific.’ US national security adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to ...

US President Donald Trump last week joined a long line of Western leaders straining to break open China’s markets for foreign companies. He’ll quickly discover that projecting Western hopes and ideals rarely works. No matter how beautiful the chocolate cake. What can work, however, is recognizing when China could use a foreign partner to help it achieve something Beijing wants, ...

Are cryptocurrencies an asset class? That depends on you. When you choose an investment portfolio, do you want to start with a category for these new currencies along with stocks, bonds and money market instruments? This is not related to the question of whether or how much you should invest. You can call cryptocurrencies an asset class and assign zero ...

Bloomberg US stocks joined declines in global equities, with materials producers under pressure amid a selloff in commodities. The dollar weakened versus the euro after strong growth in Germany bolstered the common currency. S&P 500 Index fell for the third time in four days. Data showing Chinese growth is slowing sparked commodity declines that hit equities in Asia. The euro’s ...

Reuters Major Middle East stock markets moved largely sideways on Tuesday with little positive news to spur buying, although GFH Financial continued surging in Dubai after disclosing details of its business strategy. In contrast to recent days, Saudi Arabia’s index spent almost the entire day higher, closing up 0.3 percent. Since the beginning of last week, the market had traded ...

Bloomberg Emirates President Tim Clark urged Airbus SE to make firm commitments on the future of its A380 airliner, demanding certainty before placing a follow-up order that production will continue until all aircraft are delivered. “It’s their call,” Clark, speaking to journalists at the Dubai Airshow, said of Airbus and the future of the manufacturer’s flagship product. “It’s really for ...

Bloomberg EgyptAir Airlines Co. is poised to expand its fleet with a flurry of deals for long-range and short-haul aircraft, including a $1.1 billion order for Bombardier Inc’s C Series jets, people familiar with the matter said. The Cairo-based company was expected to announce a firm order for 12 CS300 jets as early as Tuesday at the Dubai Airshow, said ...

Bloomberg Ikea, the Swedish flat-pack furniture empire, has become one of the few retailers to quantify the financial effects of Brexit. Costs at Ikea UK, which is heavily reliant on imports, jumped by 13.7 percent in the year through August, the company said in a statement on Tuesday. That increase was driven by the drop in sterling after last year’s ...

Bloomberg Michael O’Leary built Ryanair Holdings Plc into Europe’s most valuable airline by being cheap, right down to charging pilots for coffee on their own flights. Now those aviators are pushing back. A group of disgruntled flight crew is demanding more pay, better conditions and the ability to bargain collectively across Europe. They’re emboldened by rising demand for pilots at ...