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It took brave, radical thinking for President Emmanuel Macron to transform French politics so completely. Reforming the French economy will demand no less focus and ambition. To judge by the speech he gave at Versailles last week, there’ll be no lack of ambition: It was positively regal. Focus, though, was less apparent. Once he turns to the task of governing, ...

When United Airlines called security to drag passenger David Dao off of his flight back in April, some observers cheered the airline’s falling stock price, expressing the hope that this would punish the company’s executives and owners and spur them to implement a more passenger-friendly attitude. United’s stock quickly recovered. But even had it fallen a lot and not bounced ...

As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy. Italians themselves seem pleased with the outcome. So far there has been no great taxpayer outcry, ...

Do you remember the NeXT computer, the one Steve Jobs began building in 1985, after he was booted from Apple by then-chief executive John Sculley and the board? It was supposed to be a machine built for academia, the ultimate learning tool priced so that universities would be able to buy them in bulk. But Jobs being Jobs, he had ...

Bloomberg US stocks edged lower, while the dollar strengthened versus the yen in listless trading before Federal Reserve Chair Janet Yellen testifies to Congress this week and companies begin to deliver second-quarter results. The S&P 500 Index was little changed in weak trading, while technology shares retreated before banks kick off earnings. European equities declined as energy producers slid when ...

DUBAI / Reuters Blue-chip banks pushed Middle East stock markets slightly higher on Tuesday, a day ahead of the testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten US monetary policy. Yellen’s semi-annual monetary policy testimony before Congress will be on Wednesday and Thursday. San Francisco Federal Reserve President John Williams said on ...

Bloomberg China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector, people familiar with the discussions said. The move, to be debated as part of the fifth National Financial Work Conference due to start on July 14, would create a new office for ...

Bloomberg Sumitomo Mitsui Financial Group Inc. plans to add about 250 positions to its securities business abroad over the next three years to boost investment banking and make up for slumping loan profitability at home. The Tokyo-based bank will increase overseas headcount at its SMBC Nikko Securities Inc. unit from the current 500 by hiring and redeploying staff including bankers ...

Bloomberg When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group Inc. economists. Japan’s currency aligns most closely against corresponding moves in global risk assets in the past decade, Goldman economists led by Kevin Daly wrote in a report on Monday. They compared daily and monthly ...

Bloomberg Eleven major banks including Barclays Plc, Citigroup Inc. and UBS AG said they’ll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat. The group started a pilot project to implement the recommendations of a taskforce set up by Carney to increase financial reporting standards ...