Trade is good, but not for everyone
Not everyone wins in trade, and winners have to compensate losers who might end up selling sex or worse to survive.
Articles by The Corner
About the Author
The Corner
The Corner
Fed to stay dovish in new rates regime
The Corner | June 17, 2015 | The Federal Open Market Committee’s policy statement, due to be released today at 1800 GMT, is widely expected to signal a first rates’ hike in September. For the first time in eight years the outcome of the meeting is not constrained by the “forward guidance” commitment. Is the US economy healthy enough?
Saudi Stock Exchange opens $585 bn stock market to QFI
The Corner | June 17, 2015 | Only qualified foreign investors (QFI) managing at least $5 billion in assets will obtain licenses to buy stocks in the Middle East’s largest stock market.
Chinese ODI: Where does it all go ?
HONG KONG | June 17, 2015 | BBVA Research | Chinese ODI flows in 2013 may have been overstated due to the presence of round tripping, challenging previously held assumptions that the country is close to becoming a net exporter of FDI.
Uber revs up for high-stakes battle in China
By Ray Kwong | Things just shifted into high-gear in China’s taxi app war. Just days after a leaked memo showed Uber is raising US$1 billion to put its China business into overdrive, the Wall Street Journal reported that Didi Kuaidi—China’s largest taxi app company—is out to raise US$1.5 billion.
EZ profit margins to outperform the US
LONDON | June 16, 2015 | BNP Paribas | The pricing power of corporates is still low at the global level as sizeable excess capacity remains. Nevertheless, it is not all bad for companies.
Is China knocking on deflation’s door?
BEIJING | June 16, 2015 | By Yu Hairong and Wang Liwei via Caixin | Economists are divided over whether deflation in China is endangering the economy or whether it is even a problem.
Greece rides the ghost train
ATHENS | June 15, 2015 | By Nick Malkoutzis via MacroPolis | Greece’s negotiations with its lenders over the last few days have been more like a ride on the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells that allow the palpitations to subside.
Spain yields widen ahead of another crucial week for Greece
The Corner | June 15, 2015 | Spain’s yield spread soared as Greece talks have stalemated in recent weeks. The country’s 10-year bond yield rose 12 basis points to 2.37 percent at 11:21 a.m. London time.
Tsipras’s realpolitik moment approaches
LONDON | June 15, 2015 | Barclays | The banking system has lost nearly 23% of its deposits since November 2014.