Recent Articles

Home is where the heartache is

Home is where the heartache is

A rare sight ASK a central banker what regulators should do when rock-bottom rates cause house prices to soar, and the reply will almost always be “macropru”. Raising rates to burst house-price bubbles is a bad idea, the logic runs, since the needs of the broader economy may not square with those of the property […]

November 5, 2015 | By | Reply More
Pots and kettles

Pots and kettles

TWO of the five seats on the Securities and Exchange Commission (SEC), the main Wall Street regulator, are about to be filled. The process is a partisan one, with Barack Obama, a Democrat, picking one new commissioner and the Republican leadership of the Senate the other. That, naturally, is a recipe for discord at an […]

November 5, 2015 | By | Reply More
A crush on mobile

A crush on mobile

Sweet success COMPARE “Candy Crush Saga” with the “Star Wars” franchise and it comes as a shock that the casual game’s creator, King Digital Entertainment, would sell for almost 50% more than the $4 billion that Disney paid for Lucasfilm in 2012. But in paying $5.9 billion in cash and stock for King on November […]

November 5, 2015 | By | Reply More
Not-so-happy returns

Not-so-happy returns

COMPANIES devote a lot of thought to sending people abroad. They offer foreign postings to their most promising employees. They sweeten the deal with higher salaries and big allowances, and sometimes help to find work for spouses. But when it comes to bringing the employees home, it is a different story. One study suggests that […]

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Age may well wither them

Age may well wither them

EVERYONE knows that the baby-boomer generation is in the process of retiring, and that all those ex-hippies and punks can expect to live longer than the Americans who retired before them. But the financial challenge this poses is less well understood. Any lingering complacency ought to be exploded by two papers in the latest Journal […]

November 5, 2015 | By | Reply More
The damage

The damage

BANKS have been at the centre of Greece’s economic and financial misfortunes this year, as the radical-left Syriza party won an election and then became embroiled in a bitter struggle with the country’s international creditors. Deposits drained out of them on fears that the country would leave the euro and revert to the drachma, inflicting […]

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Growing old, but not together

Growing old, but not together

FOUNDED by two tech guys in a garage in Palo Alto in 1939, the giant created by Bill Hewlett and Dave Packard is remembered as Silicon Valley’s original startup. In its heyday, its flair for innovation was unrivalled, and it devised technologies that shaped people’s work and personal lives, from calculators to cameras to computers. […]

November 5, 2015 | By | Reply More
Wall St. moves higher with Facebook, financial stocks

Wall St. moves higher with Facebook, financial stocks

REUTERS: U.S. stocks indexes moved higher on Thursday morning, boosted by strong results from Facebook and as financial stocks rose on the possibility of a rate hike next month. Facebook shares rose 5.3 percent to a record high of US$109.44 after the company’s quarterly results beat estimates. The stock gave the biggest boost to the […]

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Wall St. opens higher on December rate hike possibility

Wall St. opens higher on December rate hike possibility

REUTERS: U.S. stocks opened marginally higher on Thursday, a day after strong results from Facebook and Federal Reserve Chair Janet Yellen indicated interest rate could be raised next month. The Dow Jones industrial average rose 10.05 points, or 0.06 percent, to 17,877.63. The S&P 500 gained 1.02 points, or 0.05 percent, to 2,103.33 and the […]

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Molson Coors profit beats on higher demand for premium brews

Molson Coors profit beats on higher demand for premium brews

REUTERS: Molson Coors Brewing Co reported a better-than-expected quarterly profit, helped by strong demand for its higher-margin brands, which include Blue Moon Belgian White and Leinenkugel’s Summer Shandy, in the United States and Europe. The company gets all its revenue from outside the United States and receives 42 percent of profits of MillerCoors LLC, its […]

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