Isn’t lithium meant to be a mood stabiliser? That’s certainly not what’s happening in the stocks of companies that produce the element used in rechargeable batteries and psychiatric medications. News this week that Tesla Inc sent a memo to some suppliers asking them for payment rebates to help it become profitable shook shares in lithium miners. The Solactive Global Lithium ...

The planned delisting of Megafon PJSC, Russia’s second-biggest mobile operator, from the London Stock Exchange is no ordinary event. The company is one of the most liquid Russian stocks trading overseas, and its exit is further evidence that the country’s businesses are turning inward as exposure to the West becomes increasingly problematic. In 2011, almost 70 Russian companies’ depositary receipts ...

Bloomberg UBS Group AG has no plans to follow other banks and raise the $2 million threshold for access to its private banking services, the Swiss bank’s China head of global wealth management said. “This is not under discussion,” said Marina Lui in an interview in Hong Kong, asked about moves by other banks to raise the minimums required from ...