From the 1990s through the early 2010s, it looked as if China could do no wrong. Its economy grew at a breakneck pace as its companies hungrily gobbled up market share in a wide array of manufacturing industries. Its political system, although authoritarian, seemed increasingly stable, as power passed from Deng Xiaoping to Jiang Zemin to Hu Jintao to Xi ...

Hyundai Mobis Co.’s latest plan brings to mind one image: a damp squib. Again. The South Korean chaebol’s auto-parts unit released an outline to “maximize” shareholder value. It’ll do anything but that. The company also formally proposed family heir Euisun Chung as CEO of the unit, which has been under fire by Paul Singer’s Elliott Management Corp. So Chung had ...

In his testimony to Congress, Chairman Jerome Powell confirmed that the Federal Reserve has undertaken a dramatic policy pivot, opening the door even wider for other central banks to also adopt more dovish stances. The shift increases the risk that many on Wall Street could slip back into the comforting belief that renewed central bank support is sufficient to ensure ...