Central banks flinch as UK bond market faces collapse

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G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]

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‘Eat the Rich: The GameStop Saga’ presents the David-vs.-Goliath battle that roiled Wall Street

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The best part of “Eat the Rich: The GameStop Saga” is that it manages to tell a complicated financial story with a fair amount of humor and context, in a way that doesn’t demonize the various parties, which doesn’t spare them from various levels of mockery. The result is a Netflix docuseries that, despite a few excesses, exposes the more ridiculous aspects of stock trading and where all that paper can come to resemble a house of cards.Continue Reading

China scrambles to keep sagging exports afloat

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China's private sector has been a key driver of export growth. Photo: iStock

China’s government has unveiled new measures to help its exports keep growing in the second half of this year amid slowing demand in Europe and the United States. On Tuesday, China’s Ministry of Commerce said it would help exporters with export credit insurance and tax benefits, and make it easier for them to participate in […]

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Marcos rolls the dice on plan to deport 40,000 Chinese

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MANILA – In a major policy reboot with potential long-term economic and geopolitical implications, new Philippine President Ferdinand Marcos Jr is cracking down on the Chinese online casinos that proliferated in the capital Manila and across the country under his controversial predecessor. This week, the Philippine Department of Justice (DoJ) announced it will close down […]

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Wrecking ball dollar swinging next toward US

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TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]

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The case for free-flowing electrons

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The average human body contains some 7 octillion electrons (that’s 27 zeroes) that weigh, altogether, just 19 grams. These tiny particles should be able to cross borders more easily than the average passport-bearing person, but beyond Europe, international trade in electricity is minimal. Yet energy insecurity and climate threats require that transnational currents – electrons – flow […]

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Insurer AIA acquires healthcare firm in the Philippines

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HONG KONG: Asia-focused insurer AIA Group Ltd said on Wednesday (Sep 28) that it has agreed to buy MediCard, which provides healthcare services in the Philippines, to expand in one of the fastest-growing healthcare markets in the region. The deal is subject to regulatory approvals, the insurer said in aContinue Reading