India has long been faced with a slow-motion bank crisis. In particular, the state-controlled institutions that dominate the sector have a bad-loan ratio that’s almost twice as bad as their private counterparts. At last count, non-performing assets made up more than 10% of banks’ advances, and were growing ever faster. Naturally, banks faced with this burden aren’t exactly eager to …

It is a truth (almost) universally acknowledged these days that an investor in want of a good fortune needs to be in possession of an index-tracking fund rather than an active manager. UBS AG, though, disagrees — at least in Europe. The Swiss bank’s analysts, led by Michael Werner, who covers the fund management industry from London, crunched the numbers …

As of early fall, it was clearer than ever that production problems meant Apple Inc. wouldn’t have enough iPhone Xs in time for the holidays. The challenge was how to make the sophisticated phone—with advanced features such as facial recognition—in large enough numbers. As Wall Street analysts and fan blogs watched for signs that the company would stumble, Apple came …