The emerging market may not seem like a significant player in the global economy, but if it reneges on its debt, that could have huge repercussions. John Stepek reports.
The FTSE 100 saw a sharp rise yesterday after the Bank of England cut interest rates to 0.25% and extended its quantitative easing programme. The index closed up 1.6% at 6,740.
Turkey’s currency is crashing, its debt is spiralling out of control, and foreign investors are deserting the country. If things get worse, says John Stepek, it could spark wider trouble.
Indra Nooyi is stepping down after 12 years as head of PepsiCo. She has kept the company intact – but can her successor? Alice Gråhns reports.
Turkey’s problems are going from bad to worse. Inflation is running at almost 16%, a 15-year high; faith in the government has deteriorated; and the currency has fallen by about 28% against the US dollar.
Companies are buying back more of their own shares than ever before. That’s not a healthy sign, says John Stepek.
It’s not just eccentric and ultra-rich tycoons heading into space. From asteroid mining to space hotels, promising profit opportunities now lie off-planet. Set your sights on the stars, says Stephen Connolly.
The top of the market is often heralded by a high-profile, complex and controversial deal. Elon Musk taking Tesla private could just be it, says John Stepek.
Matthew Partridge talks to Dr Robert Horrocks to shed some light on the Asian markets’ slowdown, and how investors can take advantage.
Britain’s big drug companies lead the world, but they are stagnating, says Matthew Lynn. Time for a shake-up.
As Japan raises its cap on government bond yields, John Stepek takes look at how that affects the charts that matter most to the global economy.
It has been two years since Rodrigo Duterte took office in the Philippines. The economy is growing at over 6% a year, and incomes are rising. But could there be turbulence ahead?