Economy

MIT's Stephen Ross wins Deutsche Bank economic prize

Stephen A. Ross will formally receive the Deutsche Bank Prize in Financial Economics for 2015 in September.

June 11, 2015 | 12:47 pm
Have profits peaked?

Have profits peaked?

Profits’ share of national income is very volatile over the business cycle because it reflects the volatility of its two determinants that also fluctuate with the business cycle, namely...

June 04, 2015 | 11:57 am
Best execution a real conundrum

Best execution a real conundrum

Market participants agree on the principle of best execution in trades. But how they define best execution is another story.

June 01, 2015
Making banks accountable

Making banks accountable

Pension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand...

June 01, 2015
Canada to consider additional voluntary contributions to Canada Pension Plan

Canada to consider additional voluntary contributions to Canada Pension Plan

The Canadian government will hold consultations this summer “with experts and stakeholders” about whether to allow voluntary additional contributions to the C$264.6 billion ($220.3...

May 27, 2015 | 03:10 pm
Investors pushing out of peripheral European bonds to safety of Germany, France

Investors pushing out of peripheral European bonds to safety of Germany, France

Continued uncertainty related to Greece’s ability to meet loan obligations, a potential exit from the eurozone and worries of a contagion effect to Spain has pushed investors to sell out of...

May 27, 2015 | 12:57 pm
FTSE announces first emerging markets indexes with China A-shares exposure

FTSE announces first emerging markets indexes with China A-shares exposure

FTSE on Tuesday announced the launch of two “transitional indexes” allowing institutional investors to add an initial increment of China A-shares exposure to their emerging markets...

May 26, 2015 | 07:47 am
Deutsche Bank to pay $55 million in SEC derivatives risk settlement

Deutsche Bank to pay $55 million in SEC derivatives risk settlement

Deutsche Bank will pay $55 million to settle SEC charges that the bank did not disclose in its financial reports the full risk of a derivatives portfolio.

May 26, 2015 | 01:02 pm
How the Fed depressed the recovery

How the Fed depressed the recovery

In my opinion, the Fed has significantly contributed to the weakness of the current economic expansion.

May 26, 2015 | 10:18 am
SEC to propose that mutual funds disclose risk of rate rise

SEC to propose that mutual funds disclose risk of rate rise

The Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar...

May 20, 2015 | 11:37 am
Fed cites weakening economic data in reaffirming low rates

Fed cites weakening economic data in reaffirming low rates

The Federal Open Market Committee's decision to reaffirm the zero-to-0.25% target range for the federal funds rate at its April 28-29 meeting was based on weakening economic data, moving the path to...

May 20, 2015 | 03:29 pm

San Bernardino council approves bankruptcy restructuring plan with full payments to CalPERS

The city of San Bernardino’s Common Council on Monday approved a fiscal recovery plan to exit Chapter 9 bankruptcy that would repay CalPERS in full but only pay holders of the city’s $48....

May 19, 2015 | 04:28 pm
Revenue and earnings coming back down to earth?

Revenue and earnings coming back down to earth?

While valuation multiples are flying into the wild blue yonder, revenues and earnings have been coming back down to earth. But that's all because of the crash in the energy sector. Excluding this...

May 18, 2015 | 01:04 pm

Penbridge unveils risk transfer index

Penbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit ...

May 18, 2015
Moody's downgrades Chicago credit to junk on continuing pension concerns

Moody's downgrades Chicago credit to junk on continuing pension concerns

Moody's Investors Service downgraded the city of Chicago's credit rating to Ba1 from Baa2 as a result of the Illinois Supreme Court's ruling May 8 that the Illinois pension reform law of 2013 is...

May 12, 2015 | 05:33 pm