In November, the United Kingdom’s Financial Conduct Authority (FCA) announced a settlement in which six banks would be fined a total of US$4.3 billion for manipulating the foreign-exchange market. And ...More
EJ Insight2014-12-30
The purpose of the global financial system is to allocate the world’s savings to their most productive uses. When the system works properly, these savings are channeled into investments that raise liv ...More
EJ Insight2014-12-29
The sharp drop in the price of crude oil since late June has been grabbing headlines worldwide – and producing a lot of contradictory explanations. Some attribute the fall largely to declining global ...More
EJ Insight2014-12-17
Sometimes, the best measure of a movement’s momentum is the reaction of its critics. When, in early October, the Australian National University (ANU) announced it would sell its shares in seven fossil ...More
EJ Insight2014-12-16
When India’s prime minister, Narendra Modi, was on the campaign trail, he promised to improve the way the country is governed. Since taking office in May, he has strived to deliver. Recently, he decla ...More
EJ Insight2014-12-15
In the coming year, “divergence” will be a major global economic theme, applying to economic trends, policies and performance. As the year progresses, these divergences will become increasingly diffic ...More
EJ Insight2014-12-09
Japanese Prime Minister Shinzo Abe’s recent policy decisions -- increase monetary stimulus dramatically, postpone a consumption-tax increase and call a snap election in mid-December -- have returned h ...More
EJ Insight2014-12-08
Hong Kong’s pro-democracy protest should move to a sensible endgame but the government must show some statesmanship which the protesters “would surely reciprocate", former governor Chris Patten said. ...More
EJ Insight2014-10-28
