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Small bank could signal trouble for biggest ones

If Bank OZK is any indication, investors will be a lot less patient with banks than they were a decade ago the next time trouble hits. Worse, OZK’s recent results may indicate that there is indeed trouble ahead. OZK, a midsize bank based in Little Rock, Arkansas, that has become one of the nation’s most aggressive commercial real estate lenders, ...

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With the costs of Brexit clear, let UK vote again

On Saturday, more than 100,000 people marched through central London to demand a second vote on Brexit. They’re about the only ones talking sense on the matter. No one knows where negotiations over the UK’s exit from the European Union will end up. (Things are not looking great.) But it’s now obvious that no one heading to the polls in ...

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India is looking for money in all the wrong places

India’s government is caught in a bind. It needs money to appease voters ahead of a tighter-than-expected reelection campaign. But it’s also set praiseworthy deficit targets for itself that it’s already breached once. So it could use new ways to finance more spending. Such pressure often leads to bad decisions. This week, a senior official suggested that one solution might ...

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It’s too soon to say P&G turned the tide

Procter & Gamble Co.’s (P&G) 2019 outlook is starting to look more attainable. The company behind brands such as Pampers diapers and Dawn dish soap reported that organic sales — a figure that excludes M&A and currency effects — rose a robust 4 percent in the first quarter over a year earlier. That made for P&G’s strongest growth on this measure ...

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Europe can’t get a tight grip on its dirty money

As another top Scandinavian bank faces money-laundering accusations, it’s clear that the rules are changing for European lenders under intense US pressure. A closer scrutiny of clients with links to the former Soviet Union and other high-corruption regions is fast becoming a necessity. Though the motives behind the pressure can be questioned, the outcome is mostly positive for Europe. Its ...

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Behind stock market’s ordeal are cracks in profit foundation

Bloomberg Package maker Sealed Air Corp fell the most in six months after saying higher raw material costs would crimp the bottom line. A few days earlier it was rising freight outlays at Fastenal Co., where $1.1 billion of market value was erased. On October 9, paint maker PPG Industries Inc. mentioned rising expenses. The shares cratered. From railroads to ...

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Riksbank zeroing in on first rate increase in seven years

Bloomberg Sweden’s central bank could next week give a clearer signal that it’s ready to tighten already in December as policy maker are growing eager to end almost four years of negative interest rates. Governor Stefan Ingves and his colleagues are on Wed-nesday expected to keep their benchmark unchanged at minus 0.5 percent, but could signal a greater probability that ...

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Investors hunt for biotech winners as wider stocks churn

Bloomberg Biotechnology stocks have helped lead the market lower recently, but investors still appear eager to dabble in some of the industry’s riskiest prospects. Since hitting a 52-week high on October 1, the Nasdaq Biotechnology Index, the broadest gauge of the industry’s performance, has fallen more than 6.5 percent. Fears that higher interest rates and heightened global trade tensions could ...

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‘Italy’s banks at risk from widening bond yield spread’

Bloomberg An increase in Italy’s bond yield spread is a risk for domestic banks and is adding to tensions in the financial system, according to Cabinet Undersecretary Giancarlo Giorgetti. “The spread is a risk for banks, which we can’t ignore,” the top official of coalition partner the League said in an interview with daily Il Messaggero published on Sunday. The ...

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Euro may take lower path into ECB as Draghi set to maintain rhetoric

Bloomberg The euro could revisit its year-to-date low as persistent political risks may lead Mario Draghi to refrain this week from painting a rosier picture for the bloc’s economy. Market dynamics have shifted only slightly since the European Central Bank’s last meeting, yet not in a supportive way for the common currency. Data may be suggesting the forecasts for growth ...

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