Bloomberg The UK should be allowed to reverse Brexit, according to an advisory opinion from the European Union’s top court that will fuel the campaign to thwart the divorce. The opinion, which isn’t binding, comes at a crucial moment for Prime Minister Theresa May who’s trying to convince Parliament to back the deal she brought back from Brussels but faces ...

The G-20 Summit in Argentina ended without fireworks involving the US, which was appropriate in a way, given the pall cast by the death of President George H.W. Bush. The US went along with a watered-down communique rather than stand in the way of a consensus, as it recently did at the Apec summit and the G-7. And rather than ...

If you don’t follow the regular trials and tribulations of technology companies or have been living in a cave for five years, it might be surprising that Microsoft Corp. is poised to surpass Apple Inc. as the world’s most valuable public company. While the baton was passed briefly last week, it most likely won’t be long until Microsoft is firmly ...

Line Corp. investors are so desperate for any shred of good news that reports of a tie-up with Tencent Holdings Ltd. drove the stock’s biggest gain in two years. Users of Tencent’s WeChat Pay will be able to buy goods through Line’s platform at local retail outlets, the Japanese company said at a briefing in Tokyo. Nikkei had reported on ...

The departing head of the European Banking Authority has issued a warning over the state of the EU’s so-called stress tests, which are meant to show whether banks have sufficient capital to weather bad news. Andrea Enria, who’ll shortly become head of the supervisory arm of the European Central Bank (ECB), is right that the system needs reforming, but his ...

Markets hate uncertainty, and Brexit has it in spades. Leaving the European Union (EU) seems to present the UK with an unappealing choice of either a lot of economic harm via crashing out without a deal, or slightly less damage via Theresa May’s withdrawal agreement. But there are reasons why investors might start thinking about more blue-sky scenarios: Either a ...

Dismantling the opaque underbelly of China’s financial system is proving far tougher than Beijing could have imagined. After rolling out a stream of reactive regulatory measures over the past year, authorities are now preparing to effectively phase out the $176 billion peer-to-peer lending market, Bloomberg News reports. Small and medium-size P2P platforms will be wound down, while large ones will ...

Anyone puzzled by how the Indian economy manages to grow swiftly while somehow failing to be prosperous could do worse than look at the state of India’s airlines. Over the past four years, passenger growth in India has been rapid: The number of flights taken has increased between 15 and 20 percent per year. Demand growth this year is likely ...

Bloomberg The rally in risk assets sparked by the trade truce faded as investors grew skeptical that the US and China made any meaningful breakthrough. The Treasury yield curve continued to flatten and the dollar retreated. The S&P 500, Dow Jones and Nasdaq indexes all gave up a chunk of Monday’s gains at the New York open, while the Stoxx ...

Bloomberg The pound rallied after an adviser to the European Union’s top court suggested that the UK should be allowed to reverse its notice to leave the bloc. Sterling snapped three days of losses following the non-binding opinion from Advocate General Manuel Campos Sanchez-Bordona of the EU Court of Justice, who said “the possibility continues to exist” to revoke the ...