The hegemon slips

We must be getting close to the end of one thing… and the start of something else. The thing whose end is nigh is the bubble on Wall Street. As a bubble inflates, the lightest, lowest-quality stocks f

Since World War II, the two landmark events in the evolution of money were Bretton Woods in 1944, when the dollar became the de facto global reserve currency, and then the Nixon Shock of 1971, when th

The tiny Gulf state has become a major player on the world stage, working to resolve some of the most intractable conflicts. Is it driven by a genuine wish to promote peace – or is it simply pursuing its own interests? Nesrine Malik reports

A dominant military, political instability and a reliance on foreign aid and bailouts are hardly hallmarks of successful economies. Yet Pakistan’s stockmarket is booming. The Karachi Stock Exchange KS

What a pity they are almost all dead. The Argentines who were around in the 1940s and ’50s, and old enough to remember Evita and to know what was going on. They could have come to Washington and reliv

Did you sell in May and go away this year? I do hope not, because we have often pointed out that seasonal investing is nonsense. The notion that stocks are weaker between May and September is thought