Passing through the Suez Canal became easier earlier this year, thanks to an expansion completed in August. Now it is about to become a little bit more complicated. Transit fees for the canal are denominated in Special Drawing Rights, a...
David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin Hood Investor’s Conference that...
It may be time to rethink that move to Manhattan after graduation. South America has the best market for your college degree. Chile and Brazil are the two countries where it pays the most to have a higher education, according...
Ireland shows there is economic life after death. While the euro zone limps along, growing in the third quarter by a disappointing 0.3% (an annualised rate of 1.2%), one small member of the 19-strong currency club is racing ahead. Less...
Snapchat Inc.’s valuation was cut by a quarter by one of its biggest backers, the latest evidence that private technology companies are losing some of their luster. Fidelity, a fund manager which invested in the creator of the mobile app...
Whether you have limited or low data or you're stuck in a country road with spotty service, Google's Maps will come to the rescue … offline. Prior to Tuesday's app update, Google Maps worked offline much like our old school physical paper...
This U.S. earnings season is on track to be the worst since 2009 as profits from oil & gas and commodity-related companies plummet. So far, about three-quarters of the S&P 500 have reported results, with profits down 3.1 percent on...
When the Honduran police came to evict her in 2009 Mariana Catalina Izaguirre had lived in her lowly house for three decades. Unlike many of her neighbours in Tegucigalpa, the country’s capital, she even had an official title to the...
As expected, the European Central Bank (ECB) did not act to further ease its already extraordinarily loose monetary stance when its governing council met today in Valletta, the capital of Malta, the 19-strong currency club’s smallest member. But the ECB...
China’s moves to ease mortgage restrictions and cut interest rates are bearing fruit in the nation’s smaller cities, where home prices have staged a recovery. Now comes the bigger challenge: Clearing a supply glut to spur investment by developers. Lower...
Between June 2014 and February 2015 the price Americans paid for petrol fell by a third. Economists predicted this would boost growth by causing consumers, newly flush with cash, to spend more on other goods and services. Instead, the economy...
Bain Capital is liquidating its Absolute Return Capital hedge fund after more than three years of losses, citing a “challenging” environment for macro trading. The fund, run by Jonathan Goodman and Jeff Woolbert, had about $2.2 billion in assets as of...
Ben Bernanke's book is officially out and available. The Economist's full review will be published later this week (it's a big book). But debate about the book's arguments is already unfolding, and I can't resist joining in. Two weeks ago,...
Will the Federal Reserve raise interest rates by the end of the year? You get a very different answer depending on the source. Eighty-four percent of economists surveyed by Bloomberg expect an initial interest-rate increase in December, according to a...
And now… today’s Penning for your thoughts… Good day, and a marvelous Monday to you! Regarding the global economy, us old timers know better than the central planners of each country. There’s been a structural shift in the global economy, and the...
