brexit

  1. How the ‘great central bank unwind’ could ignite the next financial crisis

    How the ‘great central bank unwind’ could ignite the next financial crisis
    As the Federal Reserve prepares to begin paring the size of its $4.5 trillion balance sheet next month, analysts at Deutsche Bank on Wednesday warned that what they have dubbed the “great central bank unwind” is one of several candidates for creating the next financial crisis. “When looking for the next financial crisis, it’s hard to escape from the fact...
  2. Pound Caught in U.K. Poll Swings Faces Worst-Case Scenario

    Pound Caught in U.K. Poll Swings Faces Worst-Case Scenario
    The pound pared an initial drop of nearly 2 percent as traders swayed to early U.K. vote results even as an exit poll projected that the ruling Conservative Party would fall short of an overall majority. Sterling fell to its lowest since April after Prime Minister Theresa May’s Conservative Party was projected to win 314 seats, short of the 326...
  3. The New Gold Rush Is All About Vaults

    The New Gold Rush Is All About Vaults
    From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist politics and a quickening of inflation. Two firms say they’re planning to open...
  4. How Trump and Brexit Could Change Global Bank Rules

    How Trump and Brexit Could Change Global Bank Rules
    As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said...
  5. Broken Politics and a Fragile World Economy

    Broken Politics and a Fragile World Economy
    The global economy is gathering momentum, the International Monetary Fund has declared. That's probably correct and undeniably encouraging, but there's an ominous discord between this economic expansion and what's euphemistically called "political uncertainty" -- that is, the stresses caused by surging anti-trade, anti-market, anti-immigrant populism. This "uncertainty" could be the prelude to some seriously bad policies, enough to derail one or more...
  6. These Economies Are Getting More Miserable This Year

    These Economies Are Getting More Miserable This Year
    Venezuela tops the list once again, but it's the moves in the middle that matter If 2016 was the year of political shocks, this year could be when we find how they'll impact the global economy. Bloomberg's Misery Index, which combines countries' 2017 inflation and unemployment outlooks, aims to show us just that. For the third year in a row, Venezuela's economic and political...
  7. A Pullback in Asian Stocks Looms: Fund Managers

    A Pullback in Asian Stocks Looms: Fund Managers
    A pullback in Asian equities looms after a stellar start to the year, according to fund managers, who remain bullish for the longer term thanks to cheap valuations and optimism that the region will benefit from improving global growth. While managers see strong fundamentals, they ticked off several risks that may weigh in the second quarter, from French elections and Brexit to...
  8. Brexit Trigger Spells Trouble for U.K.’s Sweet Economic Run

    Brexit Trigger Spells Trouble for U.K.’s Sweet Economic Run
    The U.K. economy’s sweet spot is about to be challenged. Prime Minister Theresa May kickstarted the formal withdrawal from the European Union on Wednesday, leaving businesses and investors facing the realities of Brexit and changes to everything from regulation to the movement of workers and goods. There’s also a lack of clarity over whether a good deal -- or any deal...
  9. Sterling Drops as May Signs Brexit Trigger for Process to Begin

    Sterling Drops as May Signs Brexit Trigger for Process to Begin
    Sterling fell in early Asian trading as investors brace for the start of the two-year negotiation for the U.K. to leave the European Union. The pound fell as much as 0.6 percent to 1.2377 per dollar, and was the worst performer among the Group-of-10 peers which saw muted trading. The ties that have bound the U.K. to the EU since...
  10. Populism is the result of global economic failure

    Populism is the result of global economic failure
    The rise of populism has rattled the global political establishment. Brexit came as a shock, as did the victory of Donald Trump. Much head-scratching has resulted as leaders seek to work out why large chunks of their electorates are so cross. The answer seems pretty simple. Populism is the result of economic failure. The 10 years since the financial crisis have shown that...

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