El Petro, Or What We Can Learn From Venezuela's Doomed Crypto-Petrocurrency

Shakespeare tells us, “Misery acquaints a man with strange bedfellows.

Issuers Trying To Mask Distress Can't Hide From Matt Fabian

THE $3.8 TRILLION U.S. municipal bond market is home to more than 50,000 individual issuers. That’s almost 10 times the number of corporations that sell debt.

BNEF Summit

London New Delhi New York San Francisco Shanghai

The Bank Of Japan's Voracious Appetite Has Paralyzed The Government Bond Market

Japan’s Ministry of Finance went to the trouble of creating a cute little mascot to sell government bonds. But there’s only one buyer that counts: The Bank of Japan. That’s not about to change—despite rising criticism of current stimulus policies.

Rick Rieder Obsesses About Risk (And A Few Other Things)

RICK RIEDER FREQUENTLY describes himself as “maniacal.” And he’s not alone. BlackRock Inc.’s chief executive officer, Larry Fink, agrees.

Abby Johnson & Kathy Murphy: “Let's Prove We Can Do Something New”

IN AN ERA OF LOW-COST index funds, it’s tough to be best known for your stockpickers.

Sonia Is Too Complex: Q & A With A Creator Of The Libor Replacement

AS BANKS PREPARE to move away from the scandal-tainted London interbank offered rate, few in the city of London will be watching more closely than William Porter.

What JPMorgan's Marko Kolanovic Is Looking At Now

People pay attention to Marko Kolanovic.

A Debt Pioneer Looks To Usher Schuldschein Into The Digital Age

FEW PEOPLE CAN CLAIM to have created a new debt market. Andreas Petrie is one of them. And more than two decades after his breakthrough deal, he’s once again driving a transformation.

Guilherme Benchimol's XP, The Charles Schwab Of South America, Is Changing The Way Brazil Invests

FOR ALMOST THREE DECADES, Wilson Feldberg kept his money in low-risk investments at Brazil’s biggest bank.

After Grabbing FX Market Share, XTX Looks To Expand Its Electronic Empire

The biggest traders in foreign exchange gathered last May in a converted Victorian bathhouse in London.

Your Guide To The Next Recession

With the global economy coming off its best performance in six years, it may seem strange to be speculating about the next recession. But when it comes to investing—and policy making—it pays to think ahead. In the following pages, we lay out some potential causes and warning signs of a downturn and why, if one occurs, it could end up lasting for a while.

riding high

actor, director, and motorcycle fanatic ewan mc gregor models the coolest looks of the season

rare air

master the hills surrounding italy’s lake garda in the maserati levante

when the suit is the destination

book a trip to naples for an appointment at rubinacci , the legendary bespoke atelier where you can get the suit of a lifetime made in just one week

For Really Uncorrelated Returns, Try Investing In A Ghana Power Station

Investing in African power plants can boost returns, provide a hedge against global market shocks, and help lift people out of poverty, says Jerome Booth.

How Nancy Pfund Became A Cleantech Guru

Nancy Pfund has been turning ideas into businesses for most of her life.

Advances In Batteries Promise To Reinvent The Grid

From sun-blessed Australia to medieval European cities, researchers are obsessing over energy storage—the key to the triumph of renewables over conventional fuels

The Humbled Science: Economists Reckon With Reality

Not so long ago, politicians had “favorite” economists. Margaret Thatcher’s was Milton Friedman. John F. Kennedy’s was probably John Kenneth Galbraith. President Bill Clinton had a Nobel Prizewinning economist, Joseph Stiglitz, in residence at the White House for his entire first term and was said to light up at the mention of John Maynard Keynes.

“A Hope And A Prayer Won't Be Enough”

The Black Economic Alliance, a fledgling political action committee, is putting its money behind candidates dedicated to righting economic imbalances that affect African Americans

Building Blocks

Twentytwo was billed as one of the biggest office towers in Europe. Overlooking he Bank of England, it would be built right in the heart of London’s main financial district—and amid all the uncertainty over rexit. So how’s that working out?

The Eclipse Of Singapore's Stock Market

For the last five years, delistings have outnumbered listings. Does it matter? Not as much as you might think

The Lawyer Who Helped Greece And Argentina Sees New Emerging-market Defaults Brewing

FOR DEVELOPING COUNTRIES facing down creditors, Lee Buchheit was the cavalry.

Moving Forward

For TPG’s Jim Coulter and Jon Winkelried, radical change is an investing opportunity.They’re finding plenty of disruption in the economy, in their portfolio— and even in their firm

The Man Who Bet On Chinese Debt

When Chen Yang was fresh out of university, China’s government rarely failed to protect lenders and borrowers. Today, Beijing is allowing the bond market to grow up, forcing Chen and others like him to become experts in credit analysis.

The $200 Trillion Gold Rush

A trip around the world with private bankers pursuing the ultra wealthy

Raising The Stakes

With poker and option theory, Susquehanna International has become a key player in the fast-expanding ETF market.

The Best Champagne On Earth

How Bollinger makes its ultra-rare, ultra-delicious Vieilles Vignes Françaises

This Is How To Create The Top Emerging-Markets ETF

CHINESE CONSUMERS are optimistic this year.

Narendra Modi's Enormous Ambitions

"Obsession with self and image, combined with staggering ambition, defines Modi, a veteran politician says. After 25 years, it's really all he knows about the man."