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Securitised auto loans hit post-financial crisis high

Securitised auto loans hit post-financial crisis high

Wall Street sold more than $70bn of vehicle asset backed securities in 2017

Published 1 second ago

South Africa’s highest court opens way to Zuma impeachment

South Africa’s highest court opens way to Zuma impeachment

Constitutional court says parliament has failed to hold president properly to account

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Wall Street Traders Miss Out on Record Markets

Wall Street Traders Miss Out on Record Markets

Markets boomed in 2017, but the year turned out to be unremarkable for trading, as stocks and other assets’ steady performance reduced demand for skilled traders and made it harder for them to eke out profits.

Published 7 months ago

Internet Tightens: Popular Chinese WeChat App to Become Official ID

Internet Tightens: Popular Chinese WeChat App to Become Official ID

China’s biggest tech giants are working with authorities to create digital identifications as alternatives to the state-issued ID cards citizens must present to obtain many public and private services, such as boarding trains and checking into hotels.

Published 7 months ago

China eases market access for foreign banks after Trump visit

China eases market access for foreign banks after Trump visit

Draft rules make it easier for groups to open new branches and enter new business lines

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Everything Went Right for Markets in 2017—Can That Continue?

Everything Went Right for Markets in 2017—Can That Continue?

Money managers and analysts entered 2017 widely anticipating that the overall levels of major indexes would remain little changed by year-end. Instead, the S&P 500 is on track to post its best yearly gain since 2013.

Published 7 months ago

Mike Pence Likely to Assist Republicans in Midterm Elections

Mike Pence Likely to Assist Republicans in Midterm Elections

The vice president figures to play to an outsize role in next year’s elections next year, doling out campaign money and targeting districts that might not be as welcoming of President Donald Trump, strategists say.

Published 7 months ago

The Divide Between America’s Prosperous Cities and Struggling Small Towns—in 20 Charts

The Divide Between America’s Prosperous Cities and Struggling Small Towns—in 20 Charts

About 1 in 7 Americans lives in rural parts of the country—1,800 counties that sit outside any metropolitan area. A generation ago, most of these places had working economies, a strong social fabric and a way of life that drew a steady stream of urban migrants. Today, many are in crisis.

Published 7 months ago

Berlusconi Poised to Play Pivotal Role in Italian Vote

Berlusconi Poised to Play Pivotal Role in Italian Vote

Former Italian Prime Minister Silvio Berlusconi is potentially poised to play kingmaker in the upcoming Italian election, though polls suggest his center-right Forza Italia party will get just 16% of the national vote.

Published 7 months ago

Russia Bets on Shale Oil to Defend Its Spot as Top Producer of Crude

Russia Bets on Shale Oil to Defend Its Spot as Top Producer of Crude

Russia is hoping the Bazhenov shale formation in western Siberia, the largest in the world, will help it defend its title as the world’s top producer of crude oil for decades to come.

Published 7 months ago

In 2018, Tech’s Cowardly Lions Need Courage

In 2018, Tech’s Cowardly Lions Need Courage

In 2017, Silicon Valley did some soul-searching about tech’s role in spreading fake news that exacerbated social divisions in the U.S. Chinese tech firms should do some soul-searching too, given they work with an authoritarian government skilled in using technologies to try to control society.

Published 7 months ago

Donald Trump berates China over oil flows to North Korea

Donald Trump berates China over oil flows to North Korea

US president warns of trade action after Beijing ‘caught red handed’ allowing shipments

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