Nick Corbishley

Global Slowdown? Mexico’s GDP Declines Year-Over-Year for First Time Since 2009

Not just exports and manufacturing – but services stall. More

Redemptions Rip Through UK Equity Funds as Fallout from Woodford Collapse Grows

In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out. More

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The Crisis in Catalonia and What I Saw in Our Neighborhood in Barcelona

As separatist region is rocked by violence, businesses sound alarm.More

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JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated

Collusion and “absolute monopoly practices”More

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Just Weeks After the Collapse of Thomas Cook, Spain Launches First Bailout of its Huge Tourism Industry

“An unforeseen crisis.” Other headwinds intensify too. More

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GM, Ford, BMW, VW, Honda Shift More Production to Mexico. Auto Imports Surge Despite Decline in US Sales

But Mexican exports to other countries plunge, tripped up by global auto slowdown. More

Low & Negative Interest Rates Get Broadsided by the BIS

They undermine banks. To dodge the fallout, banks chase yield, buying stuff like CLOs, instead of lending. When loans go bad, banks may “evergreen” them. More

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Metro Bank Teeters after Bond Sale Fails. Shares Collapsed 95%

Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.” More

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Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History”

Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.More

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“Hidden Debt Loophole” Becomes Popular with Australian Corporations

Situation already so bad that hiding debt becomes a priority?More

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