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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

WSJ World Markets

The Trade Conflict Starts to Bite China

Mon, Jan 14, 2019

Just a few months ago, it looked like China was weathering the trade conflict with the U.S. well. December data released Monday suggests things are about to get significantly worse. ...

Mexican Officials Seek to Boost Investor Confidence

Fri, Jan 11, 2019

Finance Minister Carlos Urzúa and his deputy, who met with investors in New York a month after Andrés Manuel López Obrador became president, tout their “market-friendly” fiscal plans. ...

Indian Farmers Despair, Planting Seeds of Doubt About Modi's Re-Election

Mon, Jan 14, 2019

The plight of India’s farmers has moved to the forefront of the country’s politics after the ruling BJP fared poorly in recent state elections. With a general election approaching, questions are growing about whether Prime Minister Narendra Modi has the popularity to win a second term. ...

Default Fears Add Fresh Stress to Chinese Private Sector

Fri, Jan 11, 2019

A surge of defaults has shaken China’s $4.2 trillion corporate bond market, further disadvantaging struggling private firms against a resurgent state sector....

Riches to Rags: Swiss Central Bank Swings from Record Profit to Large Loss

Wed, Jan 09, 2019

One year after posting a record profit, the Swiss National Bank swung to a 15 billion franc loss in 2018, as a double whammy of weaker global equity markets and a stronger Swiss franc eroded the value of its massive holdings of foreign stocks and bonds. ...

Chinese Overcapacity Returns to Haunt Global Industry

Thu, Jan 10, 2019

Successful Chinese efforts to cut overcapacity in steel and other critical industries were key to the global reflation of 2016-2018. Nothing lasts forever....

Trade Tensions Take a Toll on China's Economy

Mon, Jan 07, 2019

China’s economy is slowing faster than expected as Beijing this week heads into a crucial new round of negotiations with the U.S. over trade....

Pledges Made by Italy's Populist Government Come Up Against Economic Reality

Tue, Jan 08, 2019

Italy’s government has offered to shore up an ailing bank with public money, in a sharp U-turn after attacking mainstream politicians for years for bailing out Italian banks with taxpayers’ money....

Taking Stock of the World's Debt

Wed, Jan 02, 2019

The world has never had as much debt as it has right now—nearly $250 trillion. And these debt loads are about to get a big test: Global central banks, which once kept borrowing easy, are changing course....

China Is Getting Bubbles, Not Growth, for New Year's

Wed, Jan 02, 2019

China’s central bank keeps pumping money into the economy, but the cash ends up in all the wrong places. That bodes ill for 2019. ...