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Bloomberg Having watched Kenya’s economic boom pass him by, security guard Frederick Kibaraza is skeptical whether there’s any point voting in Tuesday’s cliffhanger elections. “I am not falling for the ideas of politicians,” Kibaraza, 27, said as he strolled along a dusty street near his home in Kawangware, a slum in the capital, Nairobi. “We vote for them and they ...

President Donald Trump loves to trumpet the record run in US stocks. “Stock market hits another high with spirit and enthusiasm so positive,” he tweeted on July 12, in one of nine posts about the market last month. But he’s hardly tweeted a word about another, less rosy measure of Trump’s America: the US dollar. The greenback has fallen hard ...

The Association of Southeast Asian Nations has much to crow about as it marks its 50th anniversary: economic and social progress, a manufacturing powerhouse and relative political stability. The 10 Asean members boast of some of the world’s fastest expanding economies like the Philippines and Vietnam, with growth rates of more than 6 percent. With a combined population of over ...

A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year. Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83 percent in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the ...

If you are one of those people who thinks America’s retail industry is doing just fine, well, there are three possibilities: You’ve been living under a rock; you think Amazon refers to a South American river; or you’re a real estate developer. As everything from once-mighty department stores to niche clothing chains announce plans to shutter hundreds of locations, and ...

Suppose a bunch of economists were to show up in the Virginia town of South Boston to preach the benefits of free trade. How would local people react? In an old, red-brick tobacco warehouse near the Dan River, W.W. “Ted” Bennett Jr. ponders the question. The former state delegate looks over his shoulder, squints a bit, then says with southern ...

It’s a milestone Warren Buffett probably wishes he weren’t approaching. Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported that it held just shy of $100 billion in cash at the end of the second quarter. While that figure highlights the staggering money-making ability of the businesses he’s collected over the years, it’s also a burden. ...

Jake Yanoviak is hunting for houses. On a weekday afternoon in North Philadelphia, the 23-year-old painter cruises along on his bike, its black paint obscured under stickers from breweries and rock bands. He turns onto a side street, where he spots a few elderly neighbors, standing on adjoining porches. He parks, leans on one handlebar and makes his pitch. “Anybody ...

Bloomberg US stocks slipped from records, while the dollar resumed its slide during a lackluster session Tuesday as dovish comments from Federal Reserve officials weighed on the market. Gold advanced. The S&P 500 Index fell in light trading, while European equities slumped. The euro joined most G-10 peers in advancing against the greenback. The 10-year Treasury yield edged higher, and ...

DUBAI / Reuters A surge by major food maker Savola helped Saudi Arabia’s stock market outperform a generally sluggish region on Tuesday, while Air Arabia jumped in Dubai on its second-quarter earnings. The Saudi stock index rose 0.5 percent as Savola, which had been in an uptrend for the last few days, gained 4.0 percent in its heaviest trade for ...