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At the beginning of 1997, Malaysia appeared to be one of the world’s great success stories. Economic growth had topped 9 percent in eight of the previous nine years (and was 8.9 percent in the other one). Foreign investment had been pouring in. The world’s tallest building had just topped off in the capital, Kuala Lumpur, and a spectacular new ...

Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country’s lenders for almost two decades. However, if the bankers who financed the US energy company’s unviable power plant in Maharashtra state aren’t ruing that 2,000-megawatt debacle any more, it’s only because they’re now staring at a mess 20 times bigger. India’s total electricity-generation ...

The fortunes of iPhone suppliers are looking strong. First-quarter earnings at Hon Hai Precision Industry Co. show that Apple Inc.’s chief product assembler pumped $2 billion more into its supply chain than a year earlier. Weak iPhone sales can’t be blamed for Hon Hai’s net income slipping 15 percent and missing estimates, because they weren’t weak. Revenue at the Taiwanese ...

The sight of J Sainsbury Plc CEO Mike Coupe singing ‘we’re in the money’ neatly sums up the dichotomy between those feeling the pinch from Brexit and those who aren’t. UK corporations have rarely been this flush. They reported record pretax profits in the first quarter, according to the Share Centre, a broker. Average revenue growth for members of the ...

If we could somehow capture all the energy expended on Twitter when California approved new rooftop solar standards, we’d solve our climate problems immediately. The perpetual emotion machine has cranked up in response to the California Energy Commission passing a new building code that will, among other things, require most low-rise residential buildings constructed after 2019 to have built-in solar-power ...

Perhaps Germany’s reputation for penny-pinching is undeserved after all. Net debt at Deutsche Post AG, the mail and logistics operator, swelled by a whopping 10 billion euros ($12 billion) in the first three months of 2018. The bulk of that change of it relates to new accounting rules, rather than new borrowing. But that’s what makes it interesting (bear with ...

In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in the Guardian and Jeremy Warner in the Telegraph, earlier that year. In 2015, the Guardian published an article by Joris Luyendijk called ...

Bloomberg HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in ...

Bloomberg A stronger dollar, rising US yields and geopolitical tensions have sent plenty of investors bolting from emerging markets. Then there’s Aberdeen Standard Investments and Goldman Sachs Asset Management. Aberdeen Standard Investments, which oversees about $770 billion, took advantage of the recent selloff to increase its holding in the Russian ruble, South African rand and Indonesian rupiah. Goldman Sachs Group ...

Bloomberg Poland’s lack of urgency to raise interest rates is becoming less out of step with global central banks as plans to tighten monetary policy get sidetracked around the world. Maintaining the rate differential with major economies won’t be a challenge any time soon for Governor Adam Glapinski as he looks to extend Poland’s longest-ever policy pause at least through ...