Alibaba’s rise creates more billionaires

Jack Ma, who launched China’s largest e-commerce company two decades ago and rode it to a $47.6-billion fortune, turns out to have created billions of...

MiFID raises surprisingly basic questions for Danish regulator

The countdown to the January adoption of a new set of regulations for Europe’s financial markets has started. But in Denmark, it’s still raising...

Citizenship fiasco threatens economic confidence in Australia

Political turmoil in Australia risks undermining fragile economic confidence as the loss of another lawmaker in the dual-citizenship fiasco left Prime Minister Malcolm Turnbull...

Iceland house prices soar 56%, but $1-billion fund keeps buying

Iceland’s housing market has soared 56 percent since its 2009 crash. But one of the island’s biggest property investors said there’s more to come, and...

Big insurers brace for perilous future as climate risks escalate

After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if...

Saudi assets seen heading for rocky times

Saudi Arabia has thrown investors a curve ball. King Salman’s move to arrest a string of high-profile nationals, from ministers to princes, has left some encouraged...

Investors aren’t calling an end to naira problem

Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors disagree. Portfolio inflows have risen in the past three months with...

Tomorrow’s gas station will charge vehicles and feed you in 10...

A pit stop on a Norwegian highway in the middle of fields between Oslo and the Olympics town of Lillehammer will soon offer a glimpse of...

Qatar Airways buys Cathay Pacific stake for $662 million

Qatar Airways Ltd. agreed to acquire a stake in Cathay Pacific Airways Ltd., a deal that would help it gain a foothold in the...

Tough China central bank rules to trigger sell-off in corporate bonds...

INVESTORS in Chinese company bonds have so far avoided the brunt of a debt sell-off that’s driven 10-year sovereign yields to the highest in three...

Missing piece of global growth jigsaw starts to fall into place

By Enda Curran / Bloomberg A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some...

Azerbaijan eyes 826-km railway planned as new Europe-China corridor

By Zulfugar Agayev / Bloomberg AZERBAIJAN is opening a long-delayed railway intended to cut transport times for goods between Asia and Europe. President Ilham Aliyev is due to...

Investor appetite surges for metals as world economic engine fires up

By Jack Farchy & Mark Burton / Bloomberg GLOBAL growth is on a tear, and that can only be positive for metals prices. That’s the message coming from...

Investors play on Opec as Saudi prince ups the ante

By Jessica Summers / Bloomberg THE Organization of Petroleum Exporting Countries (Opec) trade is back, and Saudi Arabia is in the driver’s seat. Just before the de facto...

Australian banks get slap on the wrist for attempts to break...

By David Fickling / Bloomberg IF a tree falls in the forest and no one’s around, does it make a sound? If a bank tries...

Rate-rigging case starts in next test for tarnished Aussie banks

Five years after starting an interest rate-rigging probe, Australia’s financial regulator is poised for a court showdown with three of the nation’s biggest banks. Barring any last-minute...

Hopes and fears in Hong Kong, Taiwan

HONG KONG—It wasn’t just the dark-suited delegates in Beijing who were listening intently last week, as Chinese President Xi Jinping outlined his grand ambitions...

Macron opponents paint him as ‘anti-Robin Hood’ in tax uproar

President Emmanuel Macron’s effort to scrap France’s wealth tax is overshadowing other government policies as opponents portray him as an “anti-Robin Hood” who is...

Millions return to poverty in Brazil, eroding ‘boom’ decade

RIO DE JANEIRO—When Leticia Miranda had a job selling newspapers on the streets, she earned about $160 a month, just enough to pay for...

Asia’s oil hub going green with floating solar, storage systems

Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable...