Investors’ appetite for transport infrastructure remains undiminished

STARTING ON December 19th, as Gatwick airport prepared to disclose a change of ownership, suspected drone sightings forced it to close its runway for a total of 36 hours. Passengers were delayed; so was the announcement. Only a week later could Britain’s second-busiest hub reveal it had been sold to Vinci, a French transport group, […]

Investors’ appetite for transport infrastructure remains undiminished

STARTING ON December 19th, as Gatwick airport prepared to disclose a change of ownership, suspected drone sightings forced it to close its runway for a total of 36 hours. Passengers were delayed; so was the announcement. Only a week later could Britain’s second-busiest hub reveal it had been sold to Vinci, a French transport group, […]

Bull market over: Alan Greenspan tells investors to 'run for cover'

Former chairman of the US Federal Reserve Alan Greenspan has warned investors to get ready for a painful correction in the stock market, as it cannot stabilize and unlikely to muster another rally. “It would be very surprising to see it sort of stabilize here, and then take off again,” Greenspan said in an interview […]

Why investors in emerging-market bonds are so attuned to political risk

PAULO GUEDES might not be your first-choice brother-in-law. He is a close adviser to Jair Bolsonaro, Brazil’s populist president-elect, who is wistful for military rule. But if you invest in emerging-market government bonds, Mr Guedes is the sort of person you might want as economy minister, the post he will take up on January 1st. […]