How the United States is eating Trump’s tariffs
Fed Chair Jerome Powell said tariffs accounted for perhaps 30-40 basis points of the latest core inflation reading of 2.9% but the effect should be
U.S. China trade tensions send Aussie sliding 1%, boost safe havens
Aussie slides as investors flock to safe-havens, yen strenghtens. The Australian dollar tumbled on Tuesday, while the safe-haven Swiss franc and Japanese yen strengthened as
Wall Street advances as Trump cools China rhetoric
Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over
Wall Street’s bull market nears three years old; history shows it may still have life
The U.S. stock market’s bull run is almost three years old, but if history is a guide, that would make it only middle-aged. The S&P
European exports in geopolitical storms
With demand from US and China weakening, the EU can boost trade by focusing on other markets and strengthening global partnerships. The global trading system
Dollar dominance and the Trump administration
There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in
How the US South caught up: A century of manufacturing productivity convergence
Economic historians have long debated whether lagging regions can catch up in productivity with industrial leaders. This column shows that, under the right conditions, such
Ripples presaging a financial tsunami
Loss of confidence in the US dollar’s reserve currency status could trigger a collapse of the US Treasury market and international financial fragmentation. This column
Gulf central banks cut key interest rates following Fed move
The Fed cut its rate by a quarter of a percentage point, in a move that won support from most of President Donald Trump’s central
Incomplete contracts and renegotiation in public procurement
Public procurement contracts worldwide often face high risks of cost overruns and project delays, raising questions about the scope for contract modifications. This column examines
