Bloomberg The most destructive series of wildfires in California history co-uld cost the state, insurers and homeowners at least $19 billion in damages, as firefighters struggled to gain control in swirling wi-nds across vast swaths of state. The carnage caused by fires north of San Francisco and near Los Angeles could be on par with the type of destruction triggered ...

Reserve Bank of India’s reputation for honesty is a major asset in a country rife with corruption. India’s government and the central bank have had disagreements, but the relationship has never looked so irretrievably broken as it does now. Before the global financial crisis, the finance ministry saw the Reserve Bank of India (RBI) as an incompetent regulator, one that ...

A Donald Trump-inspired trade war between the US and China isn’t the reason for Alibaba Group Holding Ltd. trimming its optimism. China’s e-commerce giant now sees full-year revenue of 375 billion yuan ($55 billion) to 383 billion yuan, the company announced. That’s 4 percent to 6 percent lower than it had expected previously. But the weakness comes from a competitive ...