A hint of unintended consequence lingers beneath the largely stable result seen in China's official factory gauge for June. Monetary and fiscal stimulus is propping up the most inefficient part of the $10 trillion-plus economy while nimbler private ...
It has been five working days since the UK voted for Brexit. During those five days the FTSE 100 has fallen sharply: it ended the first two days down 8 per cent.
It is now exactly a year since the Airports Commission, which I chaired, published its final report, recommending a third runway at Heathrow.
Mohamed El-Erian is a Bloomberg View columnist. He is also the chief economic adviser at Allianz SE. His new book is "The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse.
Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' but raised its outlook to "stable" from "negative" after the United Kingdom voted to leave the bloc.