A longtime thorn for businesses and productivity in Japan and South Korea is set to prove a bulwark for those economies as the coronavirus threatens millions of jobs around the world. Mass layoffs are frowned upon and labor laws make it hard for employers to fire workers in the two […]
Read moreU.S. Stock Futures Decline; Crude Oil Slides: Markets Wrap
U.S. equity futures declined and the yen edged higher as investors kicked off the week with renewed caution amid the ongoing rise in coronavirus infections. Oil slid. Asian stocks looked set for losses after selling ramped up late Friday on Wall Street. The top U.S. infectious disease expert said deaths […]
Read moreWhiplash World About to See If Stimulus Can Fix Wounded Markets
In this article Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. It’s probably best to take the selloff late Friday as the pointer to what comes next for the world’s financial markets […]
Read moreThe Global Oil Market Is Broken, Drowning in Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody needs the fuels they produce. In […]
Read moreChina’s $30 Trillion Market Promise Beckons Global Wealth Firms
China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner. While the further liberalization of the investment banking and money management industries in China has been […]
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