Line Corp. investors are so desperate for any shred of good news that reports of a tie-up with Tencent Holdings Ltd. drove the stock’s biggest gain in two years. Users of Tencent’s WeChat Pay will be able to buy goods through Line’s platform at local retail outlets, the Japanese company said at a briefing in Tokyo. Nikkei had reported on ...

The departing head of the European Banking Authority has issued a warning over the state of the EU’s so-called stress tests, which are meant to show whether banks have sufficient capital to weather bad news. Andrea Enria, who’ll shortly become head of the supervisory arm of the European Central Bank (ECB), is right that the system needs reforming, but his ...

Markets hate uncertainty, and Brexit has it in spades. Leaving the European Union (EU) seems to present the UK with an unappealing choice of either a lot of economic harm via crashing out without a deal, or slightly less damage via Theresa May’s withdrawal agreement. But there are reasons why investors might start thinking about more blue-sky scenarios: Either a ...