Yields on government bonds of the big advanced economies peaked in the early 1980s: Japan’s peak was near 10 per cent, Germany’s 11 per cent, and those of the US and UK 15 per cent and 16 per cent.

Is the 3½ decade long bull market in the highest-rated government debt over? If so, would that be a good thing or a bad one? The answer to the first q(...)

Nothing exemplifies the recent market madness in China better than the case of online video stock Beijing Baofeng Technology.  Photograph: China Daily/Reuters

Hedge fund fees are a joke. Often, so is the criticism of hedge fund fees. Take the faux outrage that greeted last week’s Institutional Investor annou(...)

The BoE delayed its interest rate decision from last week to avoid clashing with the election

The Bank of England kept interest rates steady at a record-low 0.5 per cent on Monday, judging that the outlook for prices and wages is still too weak(...)

A woman rides past the headquarters of the People’s Bank of China. Chinese stocks edged lower on Monday as an interest rate cut by the central bank failed to impressed investors. (Photograph: Petar Kujundzic/Reuters)

European bonds retreated and the region’s currency weakened amid concern that Greece will struggle to secure more aid. Chinese stocks led gains in eme(...)

Thomas Piketty: “Euro zone finance ministers have been meeting every other week for the past four months to discuss Greece, and nobody knows what they’ve done or what they are talking about. We are just losing time.”

France’s best known economist is more worried about a Grexit than a Brexit. In a wide-ranging discussion with the Anglo-American Press Association in (...)

Investors were awaiting a statement from the Federal Reserve about the timing of a possible interest rate increase in the US. Photograph: Mandel Ngan/AFP/Getty Images

European stocks tumbled the most since September, pulling back from their recent highs after a report showed the US economy grew by just 0.2 per cent(...)

Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province earlier this year. Apple is expected to show a 20% jump in  Q2 earnings on Monday. (Photograph: Chance Chan/ Reuters)

US stocks rose amid optimism better-than- estimated technology earnings will extend last week’s rally, while European shares advanced as Greece reshu(...)

Greek myths: A sixth myth is that if Greece defaults, it would have to create a new currency and so leave the eurozone.

The Greek epic continues. It will not end well if the people involved do not recognise they are clinging on to myths. Here are six, each of which pose(...)

European Central Bank (ECB) president Mario Draghi holds a press conference at the IMF/WB Spring Meetings in Washington.

The euro fell across the board on Tuesday, as details emerged on a European Central Bank proposal to increase the insurance it would demand in return (...)

Morgan Stanley’s shares were up 2.2 per cent at $37.55 in premarket trading after it announced its latest results

Wall Street investment bank Morgan Stanley reported a much stronger-than-expected rise in first-quarter profit, boosted by higher revenue from trading(...)