At first sight, the concept of a sovereign default appears straightforward: a government either pays its debt, or it does not. But on closer inspection the picture is more blurred. For example, Greece...

Crude oil prices appear to be settling in a range of $60 to $70 per barrel, which we regard as ideal (a “Goldilocks” scenario) for the global economy. Prices are high enough to ease the pressure on...

Although both sovereign and corporate bond yields in advanced economies rose in early May, they remain low by past standards. And with most central banks likely to maintain ultra-loose policy this...

Final manufacturing surveys for May, published by Markit today, provide some reassurance that global growth should continue at a respectable pace this year. Among the advanced economies, prospects...