The two moons pulling the tides of gloom

The latest reversal is the start of a dismal chapter in global readjustment, writes James Kynge

Editor’s choice

Workers use Caterpillar Inc. machinery to build a road at the Kia Motors Corp. assembly plant in Pesqueria, Mexico, on Monday, Dec. 14, 2015. Kia expects the plant to produce 300,000 vehicles a year and be completed in the first half of 2016. Photographer: Susana Gonzalez/Bloomberg ©Bloomberg
Cash-strapped governments turn to institutional investors
A visitor tries out a Samsung Electronics Co. Galaxy Tab S2 tablet at the company's D'light showroom in Seoul, South Korea, on Tuesday, Jan. 26, 2016. Samsung, the biggest maker of smartphones, is scheduled to report fourth-quarter results on Jan. 28. Photographer: SeongJoon Cho/Bloomberg ©SeongJoonCho/Bloomberg
Move comes amid EU investigation into closet tracking
CNBC EVENTS -- Pictured: Carl Icahn, Chairman, Icahn Enterprises, at the 2015 Delivering Alpha Conference on July 15, 2015 -- (Photo by: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images)
©CNBC/NBCU Photo Bank/Getty

Icahn nurses paper losses on energy bets

Activist’s company is trading at lowest level in three years

Clarges Mayfair Aerial.jpg

UK property trusts suffer steep fall

Low oil prices and emerging market weakness curb investment

MPs say they need to know if their pension funds are invested in industries such as oil, defence or tobacco

MPs seek pension fund disclosure

Scheme members fear unwittingly having a financial interest

Risk parity strategy shows strain

Commodity slide coinciding with sluggish bond market hits model

BoJ members warn of global race to cut rates

Policy meeting comments show concern at Japan’s move to negative

Fund managers ready for ‘smart beta’ wars

Asset managers swoop for niche players as interest hots up

Smart beta products risk being misleading

Investors may be surprised by two fundamentally different approaches under one smart-beta label

LONDON, ENGLAND - JANUARY 02: A passenger boards a train at Clapham Junction on January 2, 2015 in London, England. Increased rail fares averaging 2.5% come into effect today, pushing the cost of some commuters annual rail fares to more than £5,000. Earlier this week, Network Rail chief executive Mark Carne said that he would not be receiving his annual bonus because of the major rail disruption passengers faced over the Christmas period, which was caused by engineering works that overran. (Photo by Dan Kitwood/Getty Images)
©Getty Images

Network Rail urges against privatisation

Ministers puzzling over how to deal with operator’s £38bn of debt

What China’s stock market turmoil means

Efforts to expand equity financing and move away from banks being stymied


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