Japan Display Inc.’s (JDI) decision to cut staff, reduce pay and take more write-offs was the inevitable result of management’s shortsighted strategy. A planned bailout by a consortium of new backers is unlikely to solve its core problems unless key changes are made. I argued in February that the company needs new leadership. On Wednesday it announced just that: President ...

In May, the Toronto Star launched an in-depth series on climate change in Canada, with a straightforward title: “Undeniable.” It’s an apt description of the evidence within the reporting and elsewhere in publicly available data. “Undeniable” might be a useful descriptor, but let’s frame climate change differently: how this reality manifests itself within the human experience, and how politics are ...

Bloomberg US equity futures drifted on Monday while European stocks edged lower following a mixed session in Asia as a big week for central-bank policy gets underway. Treasuries fell and the dollar was steady. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 gauges struggled for traction, while the Stoxx Europe 600 Index slipped. Deutsche Bank boosted ...

Bloomberg Indian stocks completed their longest run of declines in more than a month as the late arrival of monsoon rains, crucial for crop output, heightened investor concern about the government’s ability to bolster a slowing economy. The S&P BSE Sensex fell 1.3% to 38,960.79 in Mumbai, clocking its steepest four-day slide in five weeks. The NSE Nifty 50 Index ...

Bloomberg Investors assailed by trade-war worries and slowing growth have turned in recent weeks to defensive stocks, which are by nature less volatile. Utilities, boosted by falling yields, have done particularly well, and outperformed all sectors. Their relative haven status may be in for some wobbles though, especially as bond yields could be near a tipping point. Utilities have performed ...

Bloomberg Deutsche Bank AG is considering exiting US equities trading and creating a “bad bank” to wind down legacy assets as part of a broader overhaul to be announced next month, according to a person familiar with the matter. The bank’s supervisory board discussed options on a call last week, the person said, asking not to be identified in disclosing ...

Bloomberg Executive Board member Benoit Coeure said the European Central Bank will act if needed to support the economy and could even be facing such a decision within months. In a Financial Times interview, Coeure said most of the economic concerns relate to manufacturing, and may be temporary, but that signals coming from financial markets are “quite alarming.” The comments ...

Bloomberg Just as India’s banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country’s shadow banking sector. A year after a series of defaults by Infrastructure Leasing & Financial Services Ltd. forced the government to intervene and exposed weaknesses in ...

Bloomberg The two biggest Nordic banks have both recently beefed up their compliance units significantly. Both say the extra headcount is temporary. Nordea Bank Abp has hundreds of employees who scrutinise billions of transactions in order to catch anything that looks potentially criminal. It’s a costly, inefficient system that Mikael Bjertrup, head of the bank’s financial crime prevention unit, plans ...

Bloomberg Goldman Sachs Group Inc. is finally embracing its status as a private equity giant. The firm’s top executives in recent months have laid out plans to raise more client funds for private investing and rely less on its own balance sheet. As part of that effort, the bank is looking to consolidate the investing activities of multiple units across ...