5:45 pm December 17, 2014 | No Comment
The killing of 132 children in Peshawar violates the shared assumptions that have regulated the conduct of humanity for millennia.
11:33 am December 17, 2014 | No Comment
As experts debate potential nasty surprises in 2015, certain scenarios keep coming up: a naval incident between China and one of its neighbors over a series of sparsely inhabited islands. A renewed push by Islamic rebels in Libya’s lawless south into West Africa. An implosion in North Korea.
11:05 am December 17, 2014 | No Comment
As China’s first full year of rebalancing draws to close, how has President Xi Jinping done? Reasonably well, it seems. Next year, however, Xi’s team will have to get to the hard stuff: taming an opaque, unwieldy financial system.
10:56 am December 17, 2014 | No Comment
Russia’s surprise interest-rate increase failed to stop the plummeting ruble. The next weapon available to repair economic havoc caused by sanctions and falling oil prices: selling gold.
10:49 am December 17, 2014 | No Comment
Investors woke up today to Russia’s 1 a.m. interest-rate increase to defend the ruble. There’s the mounting likelihood of a Venezuelan default. Stocks from Thailand to Brazil are reeling. The Fed hasn’t even begun raising interest rates.
7:27 pm December 16, 2014 | No Comment
The last time a dollar bought as many rupiah as it does now, Indonesian dictator Suharto had just been ousted and the government was paying 70 percent to borrow money for a month after an International Monetary Fund bailout.
6:50 pm December 16, 2014 | No Comment
For anyone who lacks family connections, elite academic credentials, and a big bank account, it's easier to achieve upward mobility in Kiev than Shanghai.
5:50 pm December 16, 2014 | No Comment
Stocks fell in Europe and Asia, while the yen rallied with sovereign bonds as investors sought haven assets after factory reports from China, France and Germany missed estimates amid slumping oil prices. The ruble erased gains after interest rates were raised.
5:27 pm December 16, 2014 | No Comment
In a punishing year for global hedge funds, those investing in Asia are the survivors. Stung by poor returns and large redemptions, 889 hedge funds worldwide shut in the first 11 months of the year, above the annual average of 810 in the five years since the global financial crisis of 2008, according to figures from research firm Eurekahedge. In contrast, 56 Asia-focused funds had closed by the end of November, less than half the average 135 closures in the previous five years.
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