Bloomberg Hundreds attended protests in Bosnia’s two biggest cities, and the European Union demanded an explanation for police detaining the man whose months-long public search for information about his son’s death has turned into an anti-government movement. Davor Dragicevic, 49, was taken into custody in Banja Luka, in the Serb half of Bosnia-Herzegovina, after he failed to appear for questioning ...

Bloomberg US Customs and Border Protection (CBP) ordered new medical testing on all children in its custody, following the death of a 8-year-old Guatemalan boy caught crossing the border near El Paso, Texas, the agency said in a statement. The directive will mean secondary medical checks on children in the agency’s care, including unaccompanied minors and those who arrive as ...

In a recent column, I observed that by many measures, China is the world’s largest economy. This means a number of benefits will now flow — and indeed are already flowing — to China that used to go to the US and Europe. Chief among these is agglomeration, of the tendency of businesses to seek out the biggest markets and ...

The slow death of the conglomerate has been a theme in the developed world, exemplified this year by the decline of General Electric Co. to a shadow of its former self. By contrast, Asia’s sprawling family-controlled groups have continued to thrive. That’s not to say they’re free of challenges. Victor Li, 54, sits atop a global empire spanning telecom, ports, ...

It’s almost 80 years since Fred Schwed’s book “Where are the Customers’ Yachts?” lifted the lid on Wall Street’s propensity to enrich itself at the expense of its clients. A new study suggests that the most lucrative investment a fund could make would be paying to relocate its operations as far away from the financiers as possible. In a paper ...

FedEx Corp. failed to deliver, as did the Federal Reserve. The two broad factors that shape emerging-market investing – global growth and the path of US rates – aren’t playing out well. On December 19, FedEx shares plunged 12 percent, the most in a decade, as the company cut its earnings outlook just three months after raising it. CEO Fred ...

President Donald Trump can’t say he wasn’t warned about General Motors. In June, GM said that the various tariffs that Trump had either already imposed or was considering could “lead to less investment, fewer jobs, and lower wages for our employees.” These tariffs, the company said, risked “undermining GM’s competitiveness against foreign auto producers.” Now GM has announced that it ...

Joerg Boche is arguably the most important person in Europe’s corporate debt market right now. As the group head of treasury at Volkswagen AG, his decisions on the company’s funding are critical not just to the German autos giant but to European corporate credit spreads as a whole. VW had to rein in its bond issues after the Dieselgate scandal, ...

It’s election season in India and the money is flowing. Governments in many states have begun waiving tens of millions of dollars’ worth of loans to poor farmers in an effort to buy their loyalty. The argument – widely accepted by politicians and journalists, the demographic groups with the least fiscal instinct – is that India’s farmers are buckling under ...

Bloomberg US stocks rebounded from the worst-ever pre-Christmas session as investors hoped for an end to the turmoil in American markets. The S&P 500 halted a four-day rout of almost 8 percent, clawing back from the brink of a bear market on speculation the selling had gone too far given a relatively robust economy. Amazon surged after providing a reminder ...