Forex Diamond

Europe is seeing more collective lawsuits from shareholders

LIKE the ghosts that haunted Ebenezer Scrooge, the scandals of years past—summoned up by angry shareholders—will not let companies rest. In Britain this year, the Royal Bank of...

The beast of Bentonville battles Amazon, the king of the e-commerce jungle

A BOA constrictor swallowing capitalism. A cyclone dragging the economy into its vortex. If you look back at how people described Walmart a decade ago, it is eerily...

African countries are building a giant free-trade area

“AFRICA must unite,” wrote Kwame Nkrumah, Ghana’s first president, in 1963, lamenting that African countries sold raw materials to their former colonisers rather than trading among themselves. His...

British Airways’ franchisee in South Africa throws off two black passengers

IN THE latest—and possibly most alarming—in a recent string of allegations of racism against airlines, two black musicians claim they were downgraded from business class on a British...

A full-scale Venezuelan default could push up oil prices

Who believes in Nicolás?ON NOVEMBER 30th, as oil tsars from the Organisation of the Petroleum Exporting Countries (OPEC) and Russia met in Vienna, Venezuela’s former oil minister, Eulogio...

Hedge funds embrace machine learning—up to a point

ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a...

Putting a price on Bitcoin

SCENE: A pet shop with a bored looking proprietor. A customer approachesCUSTOMER: I’d like to buy a parrot.OWNER: Certainly, sir. How about this one? It’s a Norwegian Blue....

Western companies are getting creative with their Chinese names

MCDONALD’S drew ridicule in China when it changed its registered name there to Jingongmen, or “Golden Arches”, in October, after it was sold to a Chinese consortium. Some...

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Why the tax reform should be USD positive? – BAML

The market has not been impressed by the recent progress in US tax reform, despite improved chances for an agreement before year-end,...

Google is sending more traffic than Facebook to publishers — again

Google used to be the main source of referral traffic for web publishers. Then Facebook eclipsed it. And now, Google...