admin March 16, 2019

Major global markets are enjoying a boomlet in the first three months of 2019, underpinned at least in part by central banks of developed countries that have expressed reluctance to unwind easy-money monetary policies that have become a feature of global economies in the aftermath of the 2008-2009 financial crisis. Indeed, the Stoxx Europe 600 […]

admin March 15, 2019

IT IS HARD to defend yourself with one hand tied behind your back. Yet the euro area’s economy has been repeatedly asked to do just that. Whenever it is taking a beating, it has had to fight back with monetary policy alone. The European Central Bank (ECB) has cut rates to zero and below, bought […]

admin March 15, 2019

IN A CONTROL room at the headquarters of Ctrip, China’s largest online travel agency, dozens of fluorescent lines flash every second across a big digital map of the world. Each line represents an international flight sold on Ctrip’s platform. The top destinations on the morning of March 11th, when your correspondent visited, were Seoul, Bangkok […]

admin March 14, 2019

Tether is back in the headlines after the company updated its terms and conditions to suggest its dollar-pegged digital currency may not be 100% backed by traditional currencies — a claim it had repeatedly stood by in the past. In a statement on its website, Tether said its coin, known as USDT, is backed by […]