Breakingviews

Nigeria’s problems defy central bank fixes

July 28, 2016

A hefty rate hike was a fair response to a slump in the naira that’s fuelling inflation. Yet this is unlikely to lure much foreign money back to Africa’s biggest economy. Its political, trade, and fiscal misfortunes are too pernicious for even yield-starved investors to overlook.

Sports Direct scandal debunks UK employment glory

July 22, 2016

UK lawmakers have issued a damning report on the retailer and say working conditions hark back to Victorian times. Founder Mike Ashley has big problems to fix. But there’s a wider economic malaise if workers put up with such poor treatment even when the jobless rate is very low.

Review: Rules for reading fickle economic fortunes

July 15, 2016

Ruchir Sharma's new book offers investors ten clear ways to anticipate whether a country will rise or fall. A mix of humble pragmatism and daring decisiveness make his tips compelling reading. But limiting his outlook to five years will frustrate readers eager for longer views.

China has more to lose from Western turmoil

June 28, 2016

As voters in developed countries reject globalisation, Premier Li Keqiang has called for more international economic cooperation. That makes sense: rising protectionism and resistance to foreign investment will hurt Chinese business and exacerbate its own economic slowdown.

Lesson from Brexit: unthinkable isn’t unpriceable

June 24, 2016

Britain’s referendum decision is an unwelcome blow to an already fragile world economy, but the real change is that it forces companies and investors to reconsider other once-remote risks. A Donald Trump presidency or the break-up of the euro zone may deserve more consideration.

from Viewsroom:

Viewsroom: Breakingviews on Brexit

June 10, 2016

Imagine Britain votes on June 23 to leave the European Union. What happens next? Breakingviews writers George Hay, John Foley, Neil Unmack, Swaha Pattanaik and Olaf Storbeck discuss the possible consequences for markets, trade, growth and the future of the EU.

Cox: Slicing global trade with a GE carving knife

By Rob Cox
June 9, 2016

Much of the discourse surrounding the U.S. election and Brexit makes free trade and labor mobility sound like terrible things. Individual tales of dislocation are manifold and moving. The shared benefits of globalization are huge, though – as one humble appliance illustrates.

Japan’s fiscal arrow ought to target young and old

June 6, 2016

Prime Minister Shinzo Abe is preparing a stimulus that may include vouchers for creches and help with caring for the elderly. That could lure more women into the workforce while also boosting spending. Ultra-low interest rates can help speed the social change Abe has promised.

Abenomics has over-promised and under-delivered

May 17, 2016

Shinzo Abe has spent more than three years pushing for higher growth, faster inflation and a nimbler economy. But success eludes the Japanese prime minister, who has been too timid with the public purse. Keeping the project going calls for extra spending and even easier money.

Money trail shows China sticking to bad habits

May 16, 2016

Total credit jumped again in April, suggesting Beijing is making little progress weaning the economy off its addiction to debt. Infrastructure and property investment are still expanding quickly. Despite renewed talk of reform, growth still seems to be the main priority.