Financial markets have been optimistic since the election of Donald J. Trump in the U.S., in part because investors assume that the incoming administration will pass some sort of business-friendly tax reform. But some of those reforms could hit investors in unexpected ways. One plank of Trump’s business-friendly tax reform, which Hillary Clinton proposed as well, entails giving multinational …

  Jean-Michel Paul When they were opposition figures, populists could content themselves with provocative slogans. Once in office they must produce concrete policies. The challenge for them — and for those incumbents trying to hold onto office — is to preserve the real gains of globalization while addressing the concerns of the new radical majority. Here are some policy directions …

  DUBAI / Reuters Saudi Arabia’s index firmed on Wednesday as blue chips resumed their climb and the positive mood flowed into other Gulf bourses, carrying them higher. Egypt’s market edged up, holding near an 8-year peak as foreign funds remained aggressive buyers. Riyadh’s index bounced 3.0 percent to 6,796 points, closing 93 points over technical resistance at the July …