Forex Diamond

Australia’s CommBank is accused of abetting money-laundering

WHEN the Commonwealth Bank of Australia on August 9th reported its profit for the year to June—above forecasts and just shy of A$10bn ($7.9bn)—it faced questions about cashflows...

Airport profits: ready to depart

WHEN Heathrow airport opened, in 1946, the only retail facilities were a bar with chintz armchairs and a small newsagent’s. The first terminal was a tent, a far...

Why the world’s best footballers are cheaper than they seem

A head for figuresFOR football clubs, August is often the costliest month, when they make vast bids for each other’s players. This year has been particularly lavish. On...

Chasing higher yields, investors pile into risky countries

WHERE can you find a 7% interest rate on a sovereign dollar-bond? You would have to take a time-machine to the mid-1990s to find such a yield on...

How do you solve a problem like Korea? Investors are unsure

EUROPEAN markets have started the day with losses of 1% or so, following a 2% decline in Hong Kong's Hang Seng index and the 1% loss in the...

Investment in American infrastructure is falling

IT IS not a number to tweet about. President Donald Trump plans to plough $1trn of spending into America’s crumbling infrastructure. And a dearth of capital is not...

Investors are not great at predicting politics

FINANCIAL markets are supposed to be the font of all wisdom, weighing up the information available and condensing it into a set of prices. Investors are presumed to...

Two Chinese tourists are arrested for making a Hitler salute in Germany

IGNORANCE of the law is no excuse for breaking it. Over the weekend two Chinese tourists were arrested in Germany for photographing themselves making Hitler salutes outside the...

Where might the next crisis come from?

TEN years ago, BNP Paribas, a French bank, temporarily suspended dealings in three funds, citing “the complete evaporation of liquidity in certain market segments of the US securitisation market”....

A Google employee inflames a debate about sexism and free speech

“DON’T be evil” is Google’s corporate motto. If only it were so simple. The online-search giant is in a tricky spot after an employee published a long, anonymous...

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Shell’s Downstream Stars as Earnings Beat Expectations

Europe's largest oil company by value Royal Dutch Shell plc (RDS.B) on Thursday, July 27, posted earnings of $3.6 billion, beating analyst...

Whisky could be just as sound an investment opportunity as gold

Whisky might not be the most conventional buying opportunity – but for this investor, it's a commodity worth investing in. ...