There are two reasons why the world economy slowed down this year. The first is the slowdown in the eurozone: global trade with the eurozone has fallen off very sharply as the region has cut back on activity.
The second reason is that capital spending has been very weak. This came as a bit more of a surprise because companies have a lot of cash on balance sheets and are very profitable – so normally we would...
Surprise decision by voters
Which funds topped the chart?
Existing operations to remain in UK
Reporting to head of fixed income Johnson
$14bn also pulled from global equity ETFs after vote