Pity the poor pension fund manager. Toward the end of October, there was finally a chance to add some yield to a European fixed-income portfolio by lending money to Austria for 70 years at a yield of 1.53 percent. The sale raised 2 billion euros ($2.2 billion); it could have fetched more than six times as much, given the ...

  There will be the temptation to see Hillary Clinton’s defeat as evidence that a woman can’t rise to the top. If we’re not careful, the dominant gender will whisper in the backroom, let’s not nominate one of them again. But it will happen, nonetheless —and thanks to Clinton. Just seeing her win her party’s nomination and triumph in three ...

  Reuters Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes. The Saudi index, which had jumped 22 percent between mid-October and Sunday before profit-taking began on Monday, dropped 2.1 percent to 6,493 ...