Search

MONEY

MONEY

Live World Indices are powered by Investing.com

YOUR MONEY

RSS MONEY

RSS Finance

  • Tailor shops are a thriving pocket of enterprise in Pyongyang May 24, 2018
    No ordinary fashion statementWALK down the streets of Pyongyang, North Korea’s capital, and at first sight the passers-by look rather uniform. The women are in tidy skirt suits and medium-high heels. The men sport variations on the theme of the jacket and wide trousers preferred by Kim Jong Un, the country’s leader. Government-mandated lapel pins […]
  • Dear oil helps some emerging economies and harms others May 24, 2018
    When they are not fretting about the American dollar or Chinese debt, policymakers in emerging economies keep a close eye on the oil market. The price of Brent crude has risen by nearly 50% in the past year to around $80 a barrel. It ranks as the 11th-biggest spike in the past 70 years (adjusted […]
  • As Tesla’s share price falls, it becomes an inviting takeover target May 24, 2018
    A RECENT tweet from Elon Musk, the boss of Tesla, an electric-car firm, shows footage of a Model X undergoing rollover testing. The SUV is propelled rapidly sideways on a trolley before encountering a sand trap that stops it suddenly, tipping the car. The Tesla teeters between ending up on its roof or settling back […]
  • Why it makes sense to invest in Treasury bonds May 24, 2018
    JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with […]
  • Labour laws in 104 countries reserve some jobs for men only May 24, 2018
    EVEN as rich countries seek to rid workplaces of subtle gender bias, in many developing ones discrimination remains overt. According to the World Bank, women are barred from certain jobs in 104 countries (see map).“Gender equality in labour law is associated with more women working and earning more relative to men,” says Sarah Iqbal of […]
  • American firms reveal the gulf between bosses’ and workers’ pay May 24, 2018
    HOW much should company bosses be paid relative to their employees? It depends who you ask. Plato argued that the richest members of society should earn no more than four times the pay of the poorest. John Pierpont Morgan, a banker from America’s gilded age, reckoned that bosses should earn at most 20 times the […]
  • How kidnapping insurance keeps a lid on ransom inflation May 24, 2018
    IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]
  • Who will be the main loser from Europe’s new data-privacy law? May 24, 2018
    “PLEASE don’t leave us.” From the dozens of e-mails in people’s inboxes, begging them to give their consent to be sent further messages, you could deduce that the senders of newsletters and the like are hardest hit by the European Union’s tough new privacy law, the General Data Protection Regulation (GDPR), which goes into effect […]
  • What is an audit for? May 24, 2018
    AUDITS get noticed only when things go wrong. Last week British MPs issued a scathing attack on KPMG, an auditor, for failing to avert the collapse of Carillion, a contracting company. South African authorities are looking into Deloitte’s audit of Steinhoff, a retailer. PwC, another auditor, could face a court-damages verdict for hundreds of millions […]
  • European firms are increasingly tackling the scourge of bribery May 24, 2018
    ONE of the more extreme recent cases of corporate bribery is that of LafargeHolcim, a giant Swiss-French cement-maker which was accused in 2016 of funnelling money to armed groups controlling roads and checkpoints around a factory in Syria. The firm still cannot be sure who pocketed its payoffs, via middlemen, that were intended to keep […]
  • Bad loans remain a concern in Italy and across southern Europe May 24, 2018
    ITALY’S next government, a coalition between the populist Five Star Movement and the far-right Northern League, is giving investors plenty to worry about. Leaked plans, hastily abandoned, suggested it might want to leave the euro or ask the European Central Bank to forgive €250bn ($292bn) of Italian debt. But less attention has been paid to […]
  • Introducing Bartleby, our new column on management and work May 24, 2018
    WORK is like a capricious lover whose incessant demands are resented but who is missed terribly when they are not there. The relationship is long-term; an average person spends more than half their life at work. Work defines people’s social status, sets income levels and generates a circle of friends.Attitudes to management, as to work, […]