When I met Tony Martinez, the mayor of Brownsville, Texas, he had a somewhat wacky argument against the border fence that separated the town from Matamoros, Mexico. “We are about to become an interplanetary civilization,” he told me. “And here we are talking about a wall separating what is essentially the same community.” The reason he said so is that …

Bloomberg Chinese stocks were little moved by their addition to MSCI Inc.’s benchmark indexes, as investors weighed the symbolic importance of inclusion against the limited impact on short-term inflows. While MSCI’s announcement was a landmark step in China’s integration with the global financial system, it will initially have a small effect on the amount of foreign money entering the nation’s …

Bloomberg You wait for a Saudi market catalyst, and then three come along at once. Saudi Arabia’s Tadawul All Share Index rose 2.3 percent at 10:12 a.m. in Riyadh as traders embraced a trio of key announcements. Hours after global index provider MSCI Inc. opened the way for Saudi Arabian stocks to be included in its gauges, ruler King Salman …