KKR & Co. looks like it’s low-balling MYOB Group Ltd. Having initially offered A$3.70 per share for the Australian accounting-software maker, the private equity firm cut its bid to A$3.40. That’s still a premium to recent trading prices and the A$3.15 it paid to acquire a 17.6 percent stake. Yet it’s a discount to peers. KKR’s A$2 billion ($1.4 billion) ...

The governments of France and Italy, under pressure from voters to change their policies, have put forward rule-breaking budgets for next year, and the European Union (EU) has decided to let things slide. Under the current testing circumstances, this flexibility on enforcing the rules is understandable — but it isn’t necessarily wise. To be sure, Italy’s populist administration has climbed down ...

After sending two pesky central bank governors packing in a little over two years, Indian bureaucrats have turned their attention to unwinding the monetary authority’s autonomy. Their first move, unveiled last week, is an innocuous – even laudable – infusion of Rs 41,000 crore ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year’s outlay for bank recapitalization by ...