Clothing brand Patagonia gives 1% of its sales “to support environmental organisations around the world”. Carpet-maker Interface takes an “aggressive approach” to reach its goal...
Chinese Companies Are Literally Drowning in Debt
We often hear about wasteful spending and investment in China. We also hear this is not going to end well. Now the Australian investment bank... Read more
Federal Reserve Rate Hike in Play for December
NEW YORK—The recent slower pace of job creation likely takes an interest rate hike off the table when Federal Reserve policymakers meet in October but... Read more
When China Sells Reserves, It’s Selling Treasurys
Yesterday we got another confirmation that China is selling more foreign exchange reserves to keep its currency stable. But what does this actually mean? Sure,... Read more
We May Have Cinched TPP, but Is US Trade a Lost Cause?
President Barack Obama, with fast-track negotiating powers in his back pocket, managed to seal the biggest trade agreement of the World Trade Organization era this... Read more
TPP an Unequivocal Win for Canadian Banking, Insurance
Canada’s financial services sector has a lot to gain from the landmark Trans-Pacific Partnership (TPP) deal whose negotiations concluded on Oct. 5. There is no... Read more
China Dumps Another $43 Billion of Reserves in September, Actual Outflows Could Be Far Higher
First the good news. China sold only $43 billion worth of foreign exchange reserves, most of which was in U.S. Treasurys, in September. This number... Read more
IMF Downgrades Forecast for World, Emerging Market Economies
LIMA, Peru—China’s slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International... Read more
Chinese Yuan Global Now No. 4 but Far From No. 1
China has been the world’s second largest economy for some time, ahead of Japan. Now it has also managed to overtake the yen as the... Read more
5 Ways the US Is More Competitive Than China
China’s economy must be more competitive than that of the United States; after all, they sell more goods to us than we sell to them... Read more
Austerity: Portugal Is on a Different Path to Greece and Spain—Here’s Why
There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included... Read more
Is Portugal a Poster Child for Austerity?
Austerity works. That’s the message of Pedro Passos Coelho, the Portuguese prime minister, to voters. After three years of recession, Portugal registered a return to... Read more
Apart From Low Unemployment, Just How Healthy Is Job Market?
WASHINGTON — The U.S. unemployment rate — now just 5.1 percent — grabs a lot of the attention each month when the government issues its... Read more
8 Reasons Congress Should End Taxpayer Support for the Overseas Private Investment Corporation
The Overseas Private Investment Corporation (OPIC) provides loan guarantees, political risk insurance, and direct loans to U.S. and foreign companies to encourage investment in developing... Read more
Shell’s Abandoned Well and the Myth of the Arctic Oil Land Grab
After seven years of preparation and several billion dollars spent, Shell has decided to abandon its exploration program in the U.S. Arctic “for the foreseeable... Read more
Job Report Should Boost Fed’s Plan to Hike Rates This Year
On Friday the U.S. Labor Department is expected to report the economy added 203,000 jobs in September. The data should further support Federal Reserve plans... Read more
Second Straight Month of Growth for Canadian Economy
OTTAWA—Looking to shake off its slump, the Canadian economy grew for a second consecutive month in July, helped by a continuing rebound in the oil... Read more