For a long time, bankers’ concerns about the UK’s exit from the European Union (EU) didn’t seem to have much effect on London’s role as a global financial hub. That might be changing. One measure of London’s prominence is the amount of international lending that originates in the UK. A German bank, for example, might provide financing to an Irish ...

What’s the most important bit of infrastructure to connect an international metropolis like China’s Pearl River Delta? A demolished border post. For all the excitement around the opening of the Hong Kong-Zhuhai-Macau bridge last week, that’s probably the best lesson to draw from Beijing’s plan to draw Guangzhou, Shenzhen, Hong Kong, Dongguan, Foshan and other cities into a single megalopolis. ...

As Italy digs in to resist European Union (EU) demands for budget moderation, some investors say only one thing can reverse the government’s spiraling borrowing costs: the collapse of the populist administration. The coalition’s determination to ramp up spending has pushed the yield on Italian bonds to highs not seen since the euro-area debt crisis. As long as the nation’s ...