May, 2017

• 23 May

  It won’t pay to cheat on Jimmy Kimmel test

  The newest hurdle for the American Health Care Act, which has yet to win over doctors, nurses, hospitals, health insurers, older people, Democrats and some Republican senators, is something called the “Jimmy Kimmel test.” The bill fails that, too. The shorthand arises from comedian Jimmy Kimmel’s tearful monologue earlier this month about his newborn son’s heart defect. Kimmel told his ...

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• 23 May

  US has a big stake in Africa’s success

  Troops mutiny in Ivory Coast. Ebola resurfaces in the Democratic Republic of Congo. Zambia jails its most prominent opposition leader. Corruption deepens in South Africa. These recent headlines are a reminder that terrorism and violent extremism aren’t the only challenges facing sub-Saharan Africa. Yet the Trump administration shows little interest in the continent beyond this narrow concern. That’s a mistake. ...

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• 23 May

  India makes its biggest tax reform far too complicated

  

  As anyone who’s attended an Indian wedding knows, we far too often leave vital organizational tasks till the last minute, then tackle them all in an enormous, frenetic rush. The countdown to the 1 July deadline for the introduction of India’s new goods and services tax, or GST, feels a lot like that. This is perhaps India’s most comprehensive and ...

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• 23 May

  Stocks have most to gain from S&P’s late Indonesia show

  

  It took S&P Global Ratings five extra years of hand-wringing to acknowledge that Indonesian sovereign debt was investment grade. Now that it has, expect the ripples to be felt in places other than the bond market. Fitch Ratings gave the Southeast Asian nation the all-important upgrade in December 2011. That was 14 years after the Asian crisis led 59 percent ...

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• 23 May

  Real problem with productivity is measuring it

  

  When it comes to productivity, only two things are undebatable: that the official rate of US productivity growth has stalled since at least 2007, having started to slow before then, and that there is no consensus about why or what to do about it. There is, additionally, some broad consensus that without stronger productivity growth going forward, standards of living ...

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• 23 May

  Egypt rebounds after tumble on rates, Gulf swept by profit-taking

  

  Reuters Egypt’s stock market on Tuesday recovered some of the previous day’s heavy losses while Gulf bourses were weaker as investors booked profits ahead of the holy month of Ramadan, when trading volumes and liquidity often decrease. Cairo’s index rebounded 1.1 percent after tumbling 2.5 percent on Monday, its largest single-day decline since Jan. 19, after the central bank unexpectedly ...

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• 23 May

  US stocks, euro rise on economy optimism

  

  Bloomberg US stocks edged to all-time highs and the euro strengthened after data from Germany and France signaled the region’s economic recovery remains on track. Brazilian assets stabilized. The S&P 500 Index’s fourth straight gain took it within two points of a record, while technology companies boosted Stoxx Europe 600 Index after Nokia Oyj settled a litigation with Apple Inc. ...

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• 23 May

  HSBC bids for more share in Canadian market

  

  Bloomberg HSBC Holdings Plc is getting aggressive in Canada — and one needs to look no further than its latest mortgage rate for proof of broader ambitions. HSBC Canada is offering five-year fixed-term mortgages at 2.39 percent, undercutting the lowest discretionary rates at the largest domestic lenders including Toronto-Dominion Bank (TDB) and Royal Bank of Canada (RBC). “I want to ...

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• 23 May

  Bundesbank’s Dombret says Brexit likely to be ‘very hard’

  

  Bloomberg The UK’s departure from the European Union is unlikely to go smoothly, according to Bundesbank board member Andreas Dombret. “It doesn’t look like a soft Brexit to me at all,” Dombret told David Ingles in a Bloomberg TV interview in Tokyo on Tuesday. “It looks like either a hard Brexit or a very hard Brexit.” Positions on both sides ...

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• 23 May

  Business-jet sales struggle for lift amid Brexit, US woes

  

  Bloomberg Selling aircraft to the world’s elite is set to remain a struggle as concerns about the fallout from Brexit and political uncertainty in the US weigh on buyers of corporate jets, according to Embraer SA. Western European markets are sluggish, and demand could dip in the US, said Michael Amalfitano, who took charge of the Brazilian company’s corporate-aircraft division ...

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