Author: Douglas Johnson

Pakistan Lures Bargain Hunters

Pakistan Lures Bargain Hunters

Currency-depreciation rumors are playing out in Pakistan, with the rupee tumbling over 3.0% in mid-week trading. The realignment is provoked, at least fundamentally, by a deteriorating external account. But it is exacerbated by faltering confidence in the government. Prime Minister Sharif is under investigation for money-laundering  More ►

China Remaps Food Security

China Remaps Food Security

Food security is a national preoccupation in China. Between 1959-61, the Great Famine led to an indeterminate 20-to-43 million premature deaths. President Xi was six years old at the onset of the disaster. ChemChina’s $43 billion takeover of Switzerland-based Syngenta is the current expression of that anxiety. Among other  More ►

Investors Focus on Wrong Summit

Investors Focus on Wrong Summit

The Trump-Xi talks in Florida may have captured international news flow, but the more interesting set of meetings is taking place this week in India between Australian Prime Minister Turnbull and Indian Prime Minister Modi. While the Trump-Xi summit was intended to mitigate trade friction; the leaders of Australia and India  More ►

Saudi Sukuk Delay Signals Investor Unease

Saudi Sukuk Delay Signals Investor Unease

Institutional names worldwide appear to be resisting an anticipated mega-sukuk to be offered by Saudi Arabia. If successful, the $10 billion sale would be the largest-ever, dollar-denominated Islamic bond offering. The problem is a complex hybrid structure, more commonly understood in Bahrain or Kuala Lumpur, than London or New York.  More ►

Mexico-US Wall Stops Dwindling Surge

Mexico-US Wall Stops Dwindling Surge

Should Washington spend $22 billion to fortify the border with Mexico? If the undertaking is defined as a public-works project, the outlay may have merit. But if the goal is to stop Mexican immigrants, the effort may be pointless. The case for the wall is built on a low-skilled labor surge that happened in the 1980s and 1990s  More ►