MARKET WRAPS Watch For: EU retail trade; trading updates from OMV, Norwegian Air Opening Call: European shares are expected to rise on Tuesday following the long Easter weekend. In Asia, stock benchmarks advanced; the dollar edged lower. | 12:17am
In a lunch conversation with Ronnie C. Chan, Stephen Roach guides readers through the evolution of the increasingly dysfunctional relationship between these US and China, and considers how worst-case outcomes may still be averted.
China's goal to achieve around 5.5% economic growth this year is a challenging one, and will push the government to boost infrastructure investment, stimulate property demand and provide more monetary easing, economists say.
The Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship initially arose out of mutual benefits, in recent years it has taken on the trappings of an unstable codependence, with the two largest economies in the world losing their sense of self, increasing the risk of their turning on one another in a destructive
In 1890, an undistinguished U.S. Navy captain published a book that would influence generations of strategists. Alfred Thayer Mahan’s The Influence of Sea Power Upon History, 1660–1783 posited that great nations need potent, blue-water navies backed by far-flung naval bases to project power around the globe. His work was so influential that Kaiser Wilhelm II of Germany pledged