Wal-Mart joined other companies in announcing an employee wage hike and bonus program. Citing “the opportunities tax reform creates for us,” the retailer said that the measures “will benefit the company’s more than one million US hourly associates.” Interest in this announcement extends well beyond the company itself. The move raises relevant questions for those seeking to predict the future ...

Global pharmaceutical companies have bemoaned for years India’s capricious policies on prices and patents. Now the government needs billions of dollars for its “Make in India” program, why can’t the industry get a fairer deal? When it comes to intellectual property, it’s now understood—and grudgingly accepted—that India’s use of compulsory licensing won’t go away. Ever since New Delhi used this ...

Bloomberg China’s banking regulator pledged to continue its crackdown on malpractice in the $38 trillion industry in 2018, vowing to tackle everything from poor corporate governance and violation of lending policies to cross-holdings of risky financial products. The China Banking Regulatory Commission unveiled its regulatory priorities for the year in a statement. They include: Inspecting the funding source of banks’ ...