Transmission of foreign shocks to import prices in firm-to-firm networks
A key question in the context of a trade war is whether the burden of tariffs falls on foreign exporters or domestic importers. This column
Trade and Development Chart: Exports to developing economies drive rich-country employment growth
As global trade expands, so does the number of workers in high-income countries whose jobs are tied to exports. More of that growth is generated by
HSBC agrees to sell $7.8 billion of French mortgages to Rothesay
HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the
Italy’s UniCredit says it is withdrawing bid for Banco BPM
UniCredit on Tuesday said it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM. Italy’s second-biggest bank said in a statement
Senator Warren warns potential BNY merger with Northern Trust may violate federal banking laws
Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal banking laws, saying any potential deal between
Capital One reports higher profit as interest income, fees rise
Capital One Financial reported a rise in second-quarter adjusted profit on Tuesday, as the consumer lender was helped by a boost in interest income on
PayPal to launch cross-border platform with link to India’s UPI payments system
Payments firm PayPal has partnered with the operator of India’s popular unified payments interface and others to launch a global platform through which consumers can
US opens national security probes into imported drones, polysilicon
The U.S. Commerce Department said on Monday it has opened national security investigations into the import of drones and related components as well as polysilicon,
Basel endgame: Bank capital requirements and the future of international standard setting
Since the 1970s, banking regulators have worked to set minimum standards for internationally active banks. The latest agreement, Basel III, was introduced following the 2008
US-China high-tech friction and Japan’s response: Implications from a comparison of innovation processes
The competition being fought between the US and China in cutting-edge technology fields friction is also affecting basic research activities at universities and other public
