Making a bad situation in North Korea worse

There are, as is often noted, no good options for dealing with North Korea. All the more reason for the US not to make the few it does have even worse. That’s what President Donald Trump is doing by linking the security threat posed by North Korea with his trade agenda. Irked by China’s failure to help the US rein ...

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Japan needs to change to welcome immigrants

The US has been roiled by debates over immigration. Japan has the opposite problem—not enough debate. Immigration is happening, and no one is talking about it or preparing to deal with it. Americans tend to use Japan as an example of a country that doesn’t take in immigrants. For example, my Bloomberg View colleague Justin Fox recently wrote that “politicians ...

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Why fake news spreads so quickly on Facebook

How can we fight back against the fake news infecting our information feeds and political systems? New research suggests that education and filtering technology might not be enough: The very nature of social media networks could be making us peculiarly vulnerable. The intentional spreading of false stories has been credited with swaying such monumental events as last year’s Brexit vote ...

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Stronger economies dealing a blow to populism

If you’re wondering what gave rise to populism, look no further than the lack of real income growth. With purchasing power for most either flat or declining for more than a decade, voters rejected mainstream politicians in Western Europe and North America and turned to the fringes on the far right and far left. Now, though, there is evidence that ...

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US stocks rally despite Irma threat

Bloomberg US stocks opened higher on Wednesday, even as North Korean tensions continued to simmer, another hurricane tore through the Caribbean and the American debt ceiling loomed. The S&P 500 Index resumed its rally after a one-day setback and US Treasuries edged lower following dovish comments from Federal Reserve officials sparked a surge. West Texas Intermediate crude traded above $49 ...

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Saudi outperforms on firm oil, Qatar hit by FTSE change

Reuters Saudi Arabia’s equities index firmed on Wednesday because of strong oil prices while Qatar fell to its lowest close since January 2016 after index compiler FTSE’s mid-year review hurt some stocks. Brent oil was around $53.50 a barrel, slightly above its level when the Saudi market traded on Tuesday last week, just before it closed for long Eid al-Adha ...

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Draghi’s silence on ‘easing’ affects ECB policy

Bloomberg Mario Draghi’s silence on the future of quantitative easing is complicating a key aspect of the European Central Bank’s policy process. The ECB president and his colleagues typically back up shifts in strategy with their economic projections, which are based on market indicators that include expectations for future policy. Except that less than four months before the current asset-purchase ...

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‘BOJ must end obsession with 2% inflation target

Bloomberg The Bank of Japan should stop being obsessed with its 2 percent inflation target given prices and interest rates around the world remain subdued, says the former currency chief at the Ministry of Finance. The world’s third-largest economy has recovered enough for the central bank to scale back stimulus policy to give itself some room to maneuver should conditions ...

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HDFC’s chief to return to Citigroup

Bloomberg K. Balasubramanian, group head for corporate banking at HDFC Bank Ltd., is leaving India’s most valuable bank to return to his previous employer Citigroup Inc., according to people familiar with the matter. Balasubramanian, 46, will join the corporate banking team as a Mumbai-based managing director for the New York-based lender, the people said. Representatives for both banks declined to ...

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Australia’s consumer price affects inflation

Bloomberg A planned shake up of Australia’s consumer price index could result in a significant paring of inflation expectations. Westpac Banking Corp. economist Justin Smirk has run the numbers on how the statistics bureau could revise its inflation basket to bring it up to speed with the latest spending patterns and technological changes. Lower core inflation could keep benchmark rates ...

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