admin April 26, 2019

AMERICA HAS been a superpower for decades. As a superpower in global energy markets, however, it is barely an adolescent. As recently as 2015 it was illegal to export oil. Within ten years the shale boom has transformed it into the world’s biggest producer of crude. No longer must it tiptoe around regimes whose policies […]

admin April 26, 2019

THE COLLAPSE of the oil price that began in 2014 was bad news for Nigerian banks. A quarter of their lending was to oil and gas firms. Many businesses were left reeling after a currency crisis. The economy stuttered, then plunged into recession. Before the oil slump just 3% of loans were not being paid […]

admin April 25, 2019

“I JUST WANT an end to the price madness,” says Sonia Valverde, a mother of three, at a supermarket in Buenos Aires. She points to a government sticker advertising new price controls, which have frozen the price of 64 products, including sachets of milk. The only difficulty is that no sachets remain on the shelf. […]

admin April 24, 2019

An earlier version of this article misstated the FactSet consensus estimate for total payment volume. The estimate was $163 billion. David Paul Morris/Bloomberg PayPal reported in-line revenue on Wednesday, while beating on the bottom line. PayPal Holdings Inc. beat first-quarter earnings estimates Wednesday, while also releasing active-account data on its Venmo service for the […]